Published June 26, 2014
The U.S. economy shrank during the winter, but stocks keep going up. The Dow rose 49 points Wednesday as investors are hoping things improved as the weather warmed up.
Google (GOOGL) made some big announcements at a developers conference, unveiling Android wear for wearable gadgets, Android auto for cars and Android TV for your living room. Android TV will let you stream apps, download movies and play video games on your TV -- and even use your smart watch as your remote control.
Ikea workers in the U.S. are getting a raise, on average about 17%. They will be bringing home $10.76 an hour next year. Ikea says no one will be laid off, or see their hours cut, as a result of the pay bump.
GM (GM) is under fire for delaying a massive switch and airbag recall, and is now taking extra precautions on a new potential problem.
GM is telling dealers to stop selling its most popular car, the Chevrolet Cruze, because of a possible issue with airbags made by Takata in 2013 and 2014 models.
And finally, get ready to pay more for fruit and milk. The USDA says weather and citrus diseases will push fresh fruit prices up as much as 6% this year. Dairy prices are set to rise as much as 4%.