NEW YORK (AP) — Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, according to a new federal government report. Retail sales rose 0.6 percent last month from July, when sales were up a revised 0.6 percent, according to the Commerce Department’s report. In June, retail sales rose [...]
WASHINGTON (AP) — Federal health officials are taking aim at telehealth companies promoting unofficial versions of prescription drugs — including popular weight loss medications — as part of the Trump administration’s crackdown on pharmaceutical advertising. The Food and Drug Administration earlier this week posted more than 100 letters to various drug and online prescribing companies, [...]
President Donald Trump wants to do away with the quarterly earnings report issued by publicly traded companies. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded [...]
ATLANTA (AP) — It seems like an unfavorable time to build an electric-vehicle plant in the United States, but Rivian Automotive leaders say they’re confident as the company starts long-delayed work on a $5 billion facility in Georgia. The money-losing California-based company broke ground this week east of Atlanta despite President Donald Trump’s successful push [...]
The Small Business Administration has approved Gov. Mike DeWine’s request for a disaster declaration for flooding that impacted Fairfield County in late July. The declaration makes low-interest loans available to impacted homes and businesses that sustained uninsured losses of 40 percent or more of the estimated fair replacement value. Businesses and residents of Fairfield County, [...]
NEW YORK (AP) — Target is expanding its next-day delivery of parcel shipments to 35 of the nation’s top 60 metropolitan markets by the end of next month, marking 22 new cities this year, as the discount retailer aims to narrow the gap with the likes of Amazon. That means its next-day delivery expansion will [...]
McDonald’s said it plans to invest $200 million over the next seven years to promote regenerative agriculture practices on cattle ranches. The Chicago burger giant said the investment was its largest to date in support of regenerative agriculture in the United States. The company also has funded regenerative projects on potato farms in Canada and [...]
Democratic lawmakers are questioning whether a Boar’s Head deli meat plant at the center of last year’s deadly listeria outbreak will be fit to reopen. Rep. Rosa DeLauro, of Connecticut, sent a letter this week asking company officials to appear before the Congressional Food Safety Caucus to discuss “a repeated pattern of food safety negligence [...]
Auto safety regulators are investigating certain Tesla Model Ys for a possible defect in the electronic door handles that can leave passengers trapped inside the vehicle. The National Highway Traffic Safety Administration said its preliminary evaluation is for the 2021 Tesla Model Y. The agency said the electronic door handles of the vehicle may become [...]