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A daily roundup of the latest financial and market stories, chosen by Flipboard editors.

Curated byThe News Desk

Most recent stories in Business

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Reuters
23 hours ago
HSBC banker's remarks on climate risk inconsistent with strategy, CEO says
Reuters
May 21 (Reuters) - HSBC Holdings (HSBA.L) CEO Noel Quinn says his bank will not be distracted from its ambition to lead the global economy in the transition to net zero, after a senior executive said central banks had exaggerated the financial risks of climate change. In a LinkedIn post on Saturday, …
Bloomberg
3 hours ago
Czech Rates May Exceed 6% in June, Central Bank Head Rusnok Says
Bloomberg - Peter Laca
The Czech central bank will probably need to raise interest rates again next month, possibly above 6%, if new data confirm persistent inflation …
Reuters
19 hours ago
Biden says first shipments of baby formula flying in from Europe this weekend
Reuters
May 20 (Reuters) - The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration's handling of the issue. Biden said on Twitter the initial military …
FOX Business
1 day ago
Boeing Starliner docks to International Space Station for first time
FOX Business - Julia Musto
The Boeing CST-100 Starliner docked to the International Space Station for the first time on Friday night. The spacecraft made its first connection with the International Space Station's (ISS) Harmony module at 8:28 p.m. EDT. Boeing said that – in addition to ground controllers in Houston – …
The Guardian
6 hours ago
High-fashion collabs mark new chapter in rivalry between Nike and Adidas
The Guardian - Fleur Britten
With uncanny timing, Nike and Adidas release their highly anticipated high-fashion collaborations next month, with Jacquemus and Gucci respectively, marking a new chapter in the well-known rivalry between the sportswear giants. Also in the ring is Ellesse, which this month launched an Emily …
Associated Press
1 day ago
U.S., other APEC delegates walk out on Russian speaker
Associated Press - By GRANT PECK
BANGKOK (AP) — Delegates from the United States and four other nations staged a walkout Saturday when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital, officials said. A Japanese official said …
CNBC
1 day ago
Tech stocks are mired in their longest weekly losing streak since dot-com bust
CNBC - Kif Leswing
Tech companies haven't seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a …
ABC News
17 hours ago
Some Jif peanut butter products linked to salmonella cases
ABC News - The Associated Press
The Food and Drug Administration and the Centers for Disease Control and Prevention are advising consumers to double-check their jars of Jif peanut …
Associated Press
12 hours ago
Biden highlights Hyundai announcement of $10B US investment
Associated Press - By JOSH BOAK and AAMER MADHANI
SEOUL, South Korea (AP) — President Joe Biden tended to both business and security interests Sunday as he wrapped up a three-day trip to South Korea, first showcasing Hyundai’s pledge to invest at least $10 billion in the United States and later mingling with troops at a nearby military …
Seeking Alpha
14 hours ago
Energy shares rise with oil futures as U.S. reserves sink to 35-year low
Seeking Alpha - Carl Surran
Shares of energy companies rose alongside oil futures this week, as investors shrugged off talk of a global economic slowdown and pivoted toward …
TheStreet
3 hours ago
Taco Bell Menu Adds More Than Mexican Pizza
TheStreet - Daniel Kline
The return of an old favorite has overshadowed two other menu additions the Mexican chain has made. People really wanted Taco Bell to bring back the …
The Motley Fool
16 hours ago
Strong Weekend Recovery Seen in Cardano, The Sandbox, and Binance Coin
The Motley Fool - Chris MacDonald
What happened Yesterday's rather dismal performance in the cryptocurrency market has many investors down. However, this weekend, a number of top …
FOX Business
1 day ago
As inflation soars, one-third of Americans are experiencing financial stress: Survey
FOX Business - Megan Henney
The hottest inflation in nearly four decades is inflicting financial pain on millions of Americans as prices for everyday necessities like food and gasoline soar higher, according to a new Census Bureau survey. More than one-third of households reported difficulties in paying bills from April 27 …
Bloomberg
22 hours ago
Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool
Bloomberg - Spencer Soper
Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 …
1 day ago
Gold Rises 2% on Week; First Weekly Win in Five By Investing.com
investing.com - Investing.com
Investing.com -- Gold prices rose 2% on the week to give longs in the game their first weekly win in five. While they may have secured a break from …
Bloomberg
1 day ago
French Debt Levels Back in Focus as New Government Gets to Work
Bloomberg - Albertina Torsoli
France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an …
Associated Press
21 hours ago
Florida's jobless rate falls to lowest level in 2 years
Associated Press
ORLANDO, Fla. (AP) — Florida’s unemployment rate dipped to 3% last month, with all 10 industries tracked in the state showing year over year job growth. The seasonally-adjusted jobless rate in Florida hasn’t been this low since February 2020, the month before the new coronavirus started spreading in …
BBC News
2 days ago
Sri Lanka defaults on debt for first time in its history
BBC News - By Peter Hoskins
Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years. A 30-day grace period to come up with $78m (£63m) of unpaid debt interest payments expired on Wednesday. The governor of the South Asian nation's …
The Guardian
23 hours ago
Plans to keep passengers moving and shelves stocked as rail strike looms
The Guardian - Jane Clinton
Contingency plans are being drawn up to try to keep passenger and freight trains running and prevent empty supermarket shelves after unions warned of “potentially the biggest rail strike in modern history”. The National Union of Rail, Maritime and Transport Workers (RMT) is balloting 40,000 members …
Forbes
1 day ago
Box Office: Everything, Everywhere’ Passes $50 Million, Becomes A24’s Top Grosser
Forbes - Scott Mendelson
With another $889,738 on Friday, a drop of just 3% from last Friday, Everything, Everywhere All at Once has now earned $50.17 million domestic. That puts it just over $6,000 away from passing Adam Sandler’s Uncut Gems ($50.023 million in late 2019/early 2020). Once it does so, by the end of this …
CNBC
1 day ago
Where the billions spent on autonomous vehicles by U.S. and Chinese giants is heading
CNBC - Rebecca Fannin
For years, Alphabet's Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future has not arrived yet. Why …
The Guardian
1 day ago
Lack of bouncers slams the doors on Britons’ big nights out
The Guardian - Sarah Butler
After the tumult of the past two and a half years, the hospitality sector had been hoping for a bumper 2022 to recoup its pandemic losses. But while businesses have seen a surge in customers seeking to spend their lockdown savings, the twin pressures of staff shortages and rising costs are now …
CNN
1 day ago
Black buyers are getting squeezed out of the hot housing market
CNN - By Gabe Cohen
(CNN) — Nicosha Jones spent nearly a year trying to buy her first home. Jones, 48, planned to build equity by buying a home in the South Phoenix neighborhood where she grew up. Instead, she's on the sidelines, facing skyrocketing rent and struggling to restart the process of looking for a place of …
Bloomberg
1 day ago
Fintech Pioneer Paytm’s Quarterly Revenue Edges Higher
Bloomberg - Saritha Rai
Paytm reported a 5.8% rise in revenue amid the Indian digital payments pioneer’s struggle with intensifying competition. Paytm-owner One 97 …
1 day ago
Menopause and miscarriage funds for working women praised
bbc.co.uk - By Star McFarlane
Government funding to support working women suffering from health issues such as the menopause and pregnancy loss has been welcomed by charities. The money aims to provide support for women who experience such issues to return to or remain in work. The government has announced it will issue grants of …
Associated Press
1 day ago
Mining companies back away from Brazil's Indigenous areas
Associated Press
RIO DE JANEIRO (AP) — Some of the world’s biggest mining companies have withdrawn requests to research and extract minerals on Indigenous land in Brazil’s Amazon rainforest, and have repudiated Brazilian President Jair Bolsonaro’s efforts to legalize mining activity in the areas. The Brazilian …
TNW
2 days ago
Deutsche Bahn wants to bring the comforts of home to the train carriage
TNW - Cate Lawrence
Transport operators are always looking at ways to increase passenger levels. And making comfortable carriages that offer a great user experience is the way forward. This week German long-distance rail operator Deutsche-Bahn launched images of a new interior redesign, part of their goal to modernize …
2 days ago
Gehry’s first UK housing project frames iconic Battersea Power Station
newatlas.com - By Adam Williams
Homeowners have begun moving in to the first ever UK residential development by the original "starchitect," Frank Gehry. Named Prospect Place, the …
CNBC
1 day ago
The space industry is on its way to reach $1 trillion in revenue by 2040, Citi says
CNBC - Michael Sheetz
The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report …
CBS News
1 day ago
Barnes & Noble pressured to restrict sales of 2021's most banned book
CBS News - By Aimee Picchi
A Virginia legislator is suing Barnes & Noble to block the book chain from selling two "obscene" books to minors without parental consent. The move …
USA TODAY Money
1 day ago
Tired of burritos or wraps falling apart? Students create edible tape to hold them together.
USA TODAY Money - Brett Molina
Watch Video: How to wrap a burrito without it falling apart Students at Johns Hopkins have created a unique solution for one of dining's greatest frustrations: the burrito or wrap that keeps falling apart. As part of Engineering Design Day at Johns Hopkins University, a group of students created …

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