Money

The Commerce Department reported Wednesday that retail sales climbed 0.3% in May, increasing more than expected as consumers continued to open their wallets.

Companies that insure the U.S. LNG industry are facing more pressure from climate activists, which could backfire on consumers.

Citing "local business conditions," Cinemark says it is closing its theater in San Francisco's Westfield mall, becoming the latest major firm to pull out of the crime-ridden city.

While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.

The Labor Department said Wednesday the producer price index slid 0.3% in May, evidence that price pressures in the economy are continuing to dissipate.

Pat Sajak, who has hosted "Wheel of Fortune" for more than 40 years, has a reported net worth of around $75 million as he departs the game show.

Organized retail crime can't be solved by retailers alone, industry leaders said. States must look at how they are prosecuting these crimes, the National Retail Federation said.

The Labor Department said inflation cooled sharply in May, but prices remained uncomfortably high as the price of foods, used cars and rent marched higher.

Americans said that having a plan for their investments made them feel more confident that they could make the right investment decisions, even during extreme financial crises, according to a recent Nationwide survey.

The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high.