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Retail sales rose 0.3% in May despite pressure from higher inflation, interest rates

NEW YORK (AP) — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Last week’s report from the Commerce Department showed that retail sales rose 0.3 percent from April to May, boosted by stronger sales at auto and auto parts dealers. Economists had been expecting a decline [...]

By |2023-06-21T14:44:02-04:00Tuesday, June 20, 2023|

Pro leagues balance profit, integrity risks in current era of legalized sports gambling

When Calvin Ridley was suspended for betting on NFL games in 2022, it was largely dismissed as an isolated incident among the four biggest North American professional leagues in the era of legalized sports gambling. He served a yearlong suspension, penned a lengthy apology calling it "an isolated lapse in judgement," and was reinstated in [...]

By |2023-06-20T12:34:23-04:00Friday, June 16, 2023|

Prices for consumer goods cool slightly

WASHINGTON (AP) — Consumer prices cooled last month, rising just 0.1 percent from April to May and extending the past year's steady easing of inflation. At the same time, some measures of underlying price pressures remained high. Measured year over year, inflation slowed to just 4 percent in May — the lowest 12-month figure in [...]

By |2023-06-16T11:37:52-04:00Thursday, June 15, 2023|

Billions in pandemic aid stolen or wasted

WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. Federal loan applicants weren't cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers. Criminals and [...]

By |2023-06-15T15:02:23-04:00Wednesday, June 14, 2023|

Lawmakers: Ohio perfect spot for Space Command HQ

COLUMBUS — Ohio's rich history of aviation innovation makes it an ideally suited location for the Air Force's new U.S. Space Command headquarters or Space Force units, a group of the state's congressional delegates told Democratic President Joe Biden last week in a letter. The bipartisan group — Democratic U.S. Sen. Sherrod Brown, Republican U.S. [...]

By |2023-06-14T11:05:38-04:00Tuesday, June 13, 2023|

U.S. seeks to increase electricity from Canada

HARTFORD, Conn. (AP) — Policymakers seeking to make the United States electric grid less reliant on fossil fuels have long looked north to Canada and its abundant surplus of hydropower, advocating for new transmission lines to bring more of that cheap, clean electricity south. With demand for green energy growing north of the border, too, [...]

By |2023-06-12T12:48:50-04:00Friday, June 9, 2023|

Railroad workers continue to gain sick-time benefits

OMAHA, Neb. (AP) — Norfolk Southern earlier this week became the first major North American freight railroad company with deals to provide paid sick time to all of its workers, but the other railroad companies are making progress, with nearly 65 percent of all rail workers securing the basic benefit since the start of the [...]

By |2023-06-09T11:09:05-04:00Thursday, June 8, 2023|

Pride becomes a minefield for some firms, but most continue their support of events

Many big companies, including Target and Bud Light’s parent, are still backing Pride events in June despite the minefield that the monthlong celebration has become for some of them. Target and Bud Light recently came under fire for their efforts to appeal to the LGBTQ+ community, only to come under more fire when they tried [...]

By |2023-06-08T15:38:01-04:00Wednesday, June 7, 2023|

Retirements leave some industries desperate to hire new employees

WASHINGTON (AP) — Kwasi Bandoh, a senior recruiter for an airline, stood before a group of aviation mechanic students at their graduation ceremony last month and congratulated them all for having jobs. As some of the students began nudging each other, Bandoh realized that perhaps not every one of them had already been hired. “Who [...]

By |2023-06-07T14:05:12-04:00Tuesday, June 6, 2023|
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