By Ben Morse, CNN At 6 p.m. ET on June 30, there will be fireworks. Because at precisely that time, NBA teams are officially permitted to begin negotiations with free agents. Some players’ phones will be ringing off the hook at 6:01 p.m., while others will be forced to wait. And following the NBA Draft
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By TOM MURPHY AP Health Writer A big opioid settlement and a COVID-19 vaccine slowdown helped drop Walgreens’ fiscal third-quarter earnings, but the drugstore chain still topped expectations. The company said Thursday that earnings slid to $289 million in the quarter that ended May 31. That’s down from about $1.2 billion the previous year. Walgreens
Continue Reading MATT OTT AP Business Writer WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a still robust job market despite increasing layoffs in some sectors of the economy that have cooled in recent months. Applications for jobless aid for the week ending June 25 ticked down to 231,000, a decline of
Continue ReadingBy Alicia Wallace, CNN Business An inflation gauge closely followed by the Federal Reserve showed consumer prices remained flat in May, indicating that inflation had yet to abate despite the central bank’s initial efforts to cool the economy. The monthly Personal Consumption Expenditures price index increased by 6.3% for the year ended in May, the
Continue ReadingCNN By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York, released on Monday. Median short-term inflation expectations ticked up to 6.8% in June from 6.6%
Continue Reading BARCELONA, Spain (AP) — Barcelona says it has sold some of its television rights for more than 200 million euros to help its finances. The Catalan club says investment firm Sixth Street will invest 207.5 million euros in exchange for 10% of the club’s Spanish league TV rights for the next 25 years. Barcelona calls
Continue ReadingCNNEE Nota del editor: Jorge G. Castañeda es colaborador de CNN. Fue secretario de Relaciones Exteriores de México de 2000 a 2003. Actualmente es profesor de la Universidad de Nueva York y su libro más reciente, “America Through Foreign Eyes”, fue publicado por Oxford UniversityPress en 2020. Las opiniones expresadas en este comentario son únicamente
Continue Reading By MICHELLE CHAPMAN AP Business Writer Shares of RH tumbled 9% ahead of the opening bell Thursday after the luxury furniture store chain cut its sales expectations just weeks after issuing guidance to its investors, blaming worsening macro-economic conditions and rising mortgage rates. After predicting earlier this month that 2022 sales would be flat to
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By MICHELLE CHAPMAN AP Business Writer Shares of RH tumbled 9% ahead of the opening bell Thursday after the luxury furniture store chain cut its sales expectations just weeks after issuing guidance to its investors, blaming worsening macro-economic conditions and rising mortgage rates. After predicting earlier this month that 2022 sales would be flat to
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IRVING, Texas (AP) — Authorities say officers fatally shot a patient at a Dallas-area hospital who had a gun in an emergency room. Irving police spokesman Robert Reeves says a nurse called police Wednesday night after she saw that the 34-year-old patient had a gun at Baylor Scott & White Medical Center. Reeves says a
Continue ReadingBy Jordan Valinsky, CNN Business Clearly, this isn’t your father’s RadioShack. The zombie retailer’s Twitter account contains a stream of explicit comments, vulgarities and a bunch of drug references. Many companies have edgy social media presences, but not like this. So what’s going on? RadioShack is trying to sell you cryptocurrency — with an attitude.
Continue Reading By KEVIN McGILL Associated Press NEW ORLEANS (AP) — Arizona’s attorney general says a total abortion ban that has been on the books since before statehood can be enforced and Louisiana’s attorney general is warning doctors against performing abortions even while a ban there is temporarily blocked, as states grapple with long-halted laws in the
Continue Reading By KEVIN McGILL Associated Press NEW ORLEANS (AP) — Arizona’s attorney general says a total abortion ban that has been on the books since before statehood can be enforced and Louisiana’s attorney general is warning doctors against performing abortions even while a ban there is temporarily blocked, as states grapple with long-halted laws in the
Continue Reading By DAVID BAUDER AP Media Writer NEW YORK (AP) — Despite a growing recognition of the newspaper industry’s problems among politicians and philanthropists, a new report says a downward trend continues. A report from Northwestern University says local newspapers in the United States are dying at the rate of two per week. There has been
Continue Reading By DAVID BAUDER AP Media Writer NEW YORK (AP) — Despite a growing recognition of the newspaper industry’s problems among politicians and philanthropists, a new report says a downward trend continues. A report from Northwestern University says local newspapers in the United States are dying at the rate of two per week. There has been
Continue Reading MOSCOW (AP) — A senior Russian official has warned that Moscow could see Western sanctions as a cause for war. Dmitry Medvedev, the deputy secretary of Russia’s Security Council chaired by President Vladimir Putin, denounced the Western restrictions as “boorish and cynical” and noted that they border on “economic war.” He said Thursday that “under
Continue Reading By KELVIN CHAN AP Business Writer LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details for a provisional agreement late Thursday on
Continue Reading By KELVIN CHAN AP Business Writer LONDON (AP) — Europe is preparing to take the global lead in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. The European Union took a first step late Wednesday by agreeing on new rules
Continue ReadingBy Rachel Metz, CNN Business A million bears walking on the streets of Hong Kong. A strawberry frog. A cat made out of spaghetti and meatballs. These are just a few of the text descriptions that people have fed to cutting-edge artificial intelligence systems in recent weeks, which these systems — notably OpenAI’s DALL-E 2
Continue Reading NEW YORK (AP) — U.S. futures pointed lower Thursday ahead of new consumer spending data that could provide clues as to how Americans may be paring back spending in the face of stubbornly high inflation. Futures for the Dow Jones industrials slipped 1.3% and futures for the benchmark S&P 500 index fell 1.6%. On Wednesday,
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