Ukrainian dam destruction sends global prices of wheat, corn soaring
The destruction of Nova Kakhovka dam in southern Ukraine has sent global prices of corn and wheat soaring, stoking fears about more disruptions in the global supply chain.
World Bank warns global economy to slow sharply amid higher interest rates
The World Bank said in an updated forecast on Tuesday that high interest rates and stubbornly high inflation will hobble the global economy this year.
Ford recalling 125K vehicles due to engine issues that could cause fires
Ford Motor Co. is recalling 125,000 sport utility vehicles and trucks because engine failures may cause a fire, the automaker announced Tuesday.
BlackRock CEO slammed for 'force behaviors' comment after 2017 interview re-emerges about DEI initiatives
Twitter users are blasting BlackRock CEO Larry Fink for his 2017 comments admitting his firm would "force behaviors" on diversity.
The Fed is not taking future interest rate hikes off the table
A Federal Reserve governor said ongoing interest rate hikes are possible until inflation is closer to the institution's 2% objective. Meanwhile, Americans have been struggling with high interest rates and inflation, reports said.
Tequila fans, take note: Kevin Hart reveals ‘unique properties’ of his new Gran Coramino brand
Tequila fans can get ready to toast to an all-new blend of tequila. Global Brand Equities CEO James Morrissey and comedian Kevin Hart share details on their new Gran Coramino Cristalino product.
Money kept in PayPal, Venmo, other payment apps less safe than if stored in banks, CFPB warns
The Consumer Financial Protection Bureau issued an advisory Thursday warning that funds stored in payment apps like PayPal and Venmo are not federally insured, unlike bank deposits.
Mortgage rates bump up as Fed holds grip on economic policy: Freddie Mac
The average rate for a 30-year fixed rate mortgage increased to 6.79% for the week ending June 1, according to Freddie Mac. Meanwhile, the Fed said it’s weighing in on the possibility of another interest rate hike.
SpaceX's Starlink awarded Pentagon contract for supplying satellites to Ukraine
The Pentagon awarded SpaceX's Starlink a contract that will allow it to buy satellites for Ukraine, which has used Starlink since Russia's invasion to maintain lines of communication.
Banking crisis caused US bank deposits to fall even as insured deposits rose: FDIC
The FDIC's quarterly banking report found that total deposits in U.S. banks declined as uninsured deposits were withdrawn even as insured deposits rose amid the banking crisis.
Amazon agrees to settle Alexa and Ring privacy violation lawsuits for $30 million
Amazon agreed to settle two lawsuits with the Federal Trade Commission on Wednesday for about $30 million, regarding privacy issues with Alexa assistant and Ring doorbell.
Number of billionaires worldwide falls, collective wealth dips
The global billionaire population declined last year according to the latest Billionaire Census, but the United States still holds far more than any other country.
Mooney unveils bill to block central bank digital currency pilot program
Rep. Alex Mooney introduced the Digital Dollar Pilot Prevention Act on Thursday in the latest effort to block a central bank digital currency from being issued in the U.S.
Consumer demand for new cars and homes is why a modest recession is possible: Fannie Mae
Fannie Mae has forecasted a recession in 2023 since last April and said the tightening in credit lending would likely lead to slower future business investment this year.
Arby's employee found dead in freezer had 'beat her hands bloody' trying to escape, lawsuit says
The family of an Arby's employee who was found dead inside a walk-in freezer at a Louisiana restaurant is suing the owners for wrongful death and gross negligence.
Biden admin reviewing whether to lift tariffs on imports from China
The Biden administration is in the middle of a review of tariffs on a variety of imported goods from China. A decision could be made before the end of the year.
Debt ceiling vote, Nvidia’s new AI chips, jobs report top week ahead
Debt ceiling vote, jobs and housing data and Elizabeth Holmes expected to report to jail to serve her 11-year sentence for fraud.
US 'won't tolerate' China's ban on chipmaker Micron
Commerce Secretary Gina Raimondo said the U.S. "won't tolerate" China's move to ban Micron's chips from critical infrastructure in China over vague national security concerns.
Apple and Fintiv to negotiate potential settlement of patent infringement claims for Apple Pay, Apple Wallet
Apple and Fintiv will participate in a court-ordered settlement conference in early June in an effort to settle Fintiv's patent infringement claims against Apple.
Lululemon employees fired after chasing robbers out of store: report
Two Georgia Lululemon employees, including an assistant manager, were fired after taking video and calling 911 on suspected robbers at their metro Atlanta area location.



















