By STAN CHOE AP Business Writer NEW YORK (AP) — Higher inflation hasn’t dented Corporate America’s profit bonanza — so far. Companies are charging more for everything from diapers to auto parts, more than offsetting their higher costs. Their resulting record-high profit margins are a key reason the latest round of earnings reports have blown
Continue ReadingOpinion by Friso Van der Oord for CNN Business Perspectives Despite decades of reform efforts by regulators, shareholders and the independent director community, CEO pay continues to grow inexorably, far outpacing any gains to workers’ pay. Since 1993, the National Association of Corporate Directors (NACD) has said that CEO pay should be more in line
Continue ReadingCNN, WSMV By Mallory Simon, CNN Schools across the country are grappling with growing Covid-19 case numbers, forcing districts to rethink their strategies for masking or having to switch to virtual learning. Some schools in Mississippi, Indiana, and Georgia have already been forced to return to virtual. Some are hoping to return to in-person learning
Continue ReadingBy Mallory Simon, CNN Schools across the country are grappling with growing Covid-19 case numbers, forcing districts to rethink their strategies for masking or having to switch to virtual learning. Some schools in Mississippi, Indiana, and Georgia have already been forced to return to virtual. Some are hoping to return to in-person learning when case
Continue ReadingStory by Reuters A Panamanian-registered ship ran aground in a northern Japan harbor, then split in two and was leaking oil, but there were no injuries among the 21 crew and the oil leak was being controlled with no signs it had reached shore, the Japan Coast Guard said. The 39,910-ton vessel, the “Crimson Polaris,”
Continue ReadingBy TERRY TANG Associated Press A new report has found the frequency of anti-Asian incidents — from taunts to assaults — reported in the U.S. so far this year seems poised to surpass last year, despite months of political and social activism. Stop AAPI Hate, a national coalition, has become the authority on gathering data
Continue ReadingSOFIA, Bulgaria (AP) — Bulgaria’s political crisis has taken a new twist after an anti-establishment party that narrowly won last month’s elections gave back its mandate to form a government. The country now appears headed for yet another election. The move by the There is Such a People party of popular TV entertainer Slavi Trifonov
Continue ReadingMIAMI (AP) — A private bidder is willing to offering up to $120 million to purchase the Miami-area oceanfront property where the collapsed Champlain Towers South building once stood. The offer was revealed Wednesday during a hearing before Circuit Judge Michael Hanzman. He’s overseeing the dozens of lawsuits that have been filed since the condominium
Continue ReadingCOPENHAGEN, Denmark (AP) — Thousands are expected to attend the opening Thursday of the 10-day multi-national LGBT+ festival that will include a global pride event in southern Sweden and a 22-sports tournament in nearby Copenhagen. The two-in-one event — Copenhagen 2021 — combines World Pride and EuroGames where some 2,000 athletes from more than 50
Continue ReadingMariana Toro (CNN) — Las escuelas de todo Estados Unidos están lidiando con el creciente número de casos de covid-19, lo que obliga a los distritos escolares a reconsiderar sus estrategias de uso de mascarilla o tener que cambiar a clases virtuales. Algunas escuelas en Mississippi, Indiana y Georgia ya se han visto obligadas a
Continue ReadingBy KAREN MATTHEWS Associated Press NEW YORK (AP) — Lt. Gov. Kathy Hochul says she plans to run for governor in her own right after serving out the rest of Andrew Cuomo’s term. Hochul told NBC’s “Today” show on Thursday that she fully expects to run for governor because she is “the most prepared person”
Continue ReadingBy MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Inflation at the wholesale level jumped a higher-than-expected 1% in July, disappointing hopes for a slowdown in price increases. The Labor Department reported Thursday that the July gain in its producer price index, which measures price pressures before they reach consumers, matched the June increase with
Continue ReadingBy MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Inflation at the wholesale level jumped a higher-than-expected 1% in July, disappointing hopes for a slowdown in price increases. The Labor Department reported Thursday that the July gain in its producer price index, which measures price pressures before they reach consumers, matched the June increase with
Continue ReadingBy CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand. Thursday’s report from
Continue ReadingBy Rebekah Riess and Gregory Lemos, CNN A mother in Atlanta has filed a civil rights complaint with the US Department of Education alleging her children’s elementary school placed Black students in separate classrooms from their peers based on their race. Kila Posey, the mother of two Black children enrolled in Mary Lin Elementary School
Continue ReadingCNN By Rebekah Riess and Gregory Lemos, CNN A mother in Atlanta has filed a civil rights complaint with the US Department of Education alleging her children’s elementary school placed Black students in separate classrooms from their peers based on their race. Kila Posey, the mother of two Black children enrolled in Mary Lin Elementary
Continue ReadingJack Guy, CNN A slice of cake from Prince Charles and Princess Diana’s 1981 wedding has been sold for the “unexpected” price of £1,850 ($2,565) at auction. Weighing about 28 ounces, the slice comes from one of the 23 cakes made for the royal wedding, according to Dominic Winter Auctioneers, in Cirencester, western England. It
Continue ReadingBy The Associated Press LOS ANGELES (AP) — Stevie Wonder and Common will perform together for the seventh Stand Up To Cancer telethon. Matthew McConaughey, Chandra Wilson and Jennifer Garner are among the celebrities helping to raise money for research. Brittany Howard also will perform on the hourlong special on Saturday, Aug. 21. Anthony Anderson,
Continue ReadingBy FRANCES D’EMILIO Associated Press ROME (AP) — Stifling heat is gripping much of Southern Europe, and forecasters say worse is expected to come. Throughout the Mediterranean region, days of hot weather already have driven people indoors at midday, spoiled crops and complicated the challenge of firefighters battling wildfires. Barcelona officials opened museums, and libraries
Continue ReadingMADRID (AP) — Spanish director Pedro Almodóvar says society must be alert to the power of algorithms deciding what humans are permitted to see. He declared “victory” over Instagram after a controversial poster for his upcoming film was censored then reinstated. The social network has since apologized and backtracked after recognizing the “artistic context” of
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