Stock markets received a boost from new data showing inflation is easing. Lower inflation has raised hopes about the U.S. economy — but there are still a lot of unknowns.
Business
Posted inBusiness, NPR
Supreme Court upholds funding structure for CFPB
The opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit. Justices Neil Gorsuch and Samuel Alito dissented.
Posted inBusiness, NPR
With flyers more distracted than ever, United rolls out a rebooted safety video
United Airlines is releasing a new safety video for the first time in years. The refresh comes as airlines struggle to hold the attention of passengers who are distracted by screens of their own.
Posted inBusiness, Local, Politics, South Coast Bureau
New Bedford pols bury the hatchet and try again with State Pier redevelopment
Plans to redevelop a central slice of New Bedford’s waterfront have begun to move forward again after a dispute between local politicians last year cast some doubts over the future of the project. On an industrial waterfront that prides itself for preserving its fishing industry, the New Bedford State Pier has emerged as a unique […]
Posted inBusiness, NPR, Politics
Eggs, milk and other grocery prices fall as overall inflation eases
Inflation eased a bit last month, according to a report Wednesday from the Labor Department. Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.
Posted inBusiness, NPR
Target scales back on its LGBTQ+ merchandise ahead of Pride Month 2024
In a statement to NPR, a spokesperson for the retail giant says it is committed to supporting the LGBTQ+ community year-round, not only during the month of June.
Posted inBusiness, Health, NPR
Lots of drug companies talk about putting patients first — but this one actually did
When Amylyx Pharmaceuticals found out its ALS drug Relyvrio didn’t work, the company took the unusual step of voluntarily pulling it off the market.
Posted inBusiness, NPR
Aldi and Hy-Vee stores recall cream cheese varieties for possible salmonella risk
There have been no reports of negative reactions as a result of the recall, the FDA said last week. The products should be thrown away, or returned to either an Aldi or HyVee store for a full refund.
Posted inBusiness, NPR
DOJ says Boeing broke deal that avoided prosecution after 2 fatal 737 Max crashes
Boeing has violated the terms of a deal to avoid prosecution after the fatal crashes of two 737 Max planes more than five years ago, the Department of Justice told a federal judge on Tuesday.
Posted inBusiness, NPR
More Americans are falling behind on credit card bills
Credit card delinquencies rose in the first three months of the year. That’s a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.