Key inflation measure rises at fastest pace since 1992
Consumer prices roared higher last month, rising at their fastest pace in decades. Inflation rose 5% in the 12-months ending in May, the Bureau of…
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Key inflation measure hits highest level since 1992
Consumer prices roared higher in May, rising at their fastest pace in decades. Inflation rose 5% in the 12-months ending in May, the Bureau of Labor…
Continue ReadingCEOs urge world leaders to take bolder climate action
More than 70 CEOs from some of the world’s biggest companies have urged governments to do much more to tackle climate change, including forcing…
Continue ReadingConsumer prices keep on rising. Where does it end?
From lumber and steel to paint and burrito bowls at Chipotle, prices are rising almost everywhere you look. That’s putting investors on high…
Continue ReadingBitcoin jumps after El Salvador says it’ll start accepting it as legal tender
Bitcoin’s value shot up after El Salvador became the world’s first country to accept it as legal tender. As of 3:30 a.m. ET on Thursday,…
Continue ReadingInvestors holding $41 trillion demand action on climate — now
Investors managing more than $41 trillion in assets are loudly calling on world leaders to immediately step up their climate game if they don’t…
Continue ReadingThese new Barbies are made from ocean-bound plastic
Mattel is launching a new line of Barbies made from plastic that would otherwise become ocean waste. The “Barbie Loves the Ocean”…
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As Bend home prices soar, interest in short-term term rental properties also on the rise
As Bend-area home prices soar to record levels, the interest in buying short-term rental properties in Bend is also on the rise, according to real…
Continue ReadingJBS says it paid $11 million ransom after cyberattack
The meat supplier JBS USA paid an $11 million ransom in response to a cyberattack that led to the shutdown of its entire US beef processing operation…
Continue ReadingBoeing wants to delay delivery of new Air Force One jets by a year
Boeing is seeking a one-year delay in its deadline to deliver two new 747 jets to be used as Air Force One. And that would mean added costs for…
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Portland curbside glass recycler fined $1M for air quality violations
The Oregon Department of Environmental Quality has fined the state’s largest glass container recycler over $1 million for repeated air quality…
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Bend Cultural Tourism Fund announces nearly $320,000 in grants
The Bend Cultural Tourism Commission announced Wednesday 20 grants for Bend cultural tourism-focused activities taking place September 2021 through…
Continue ReadingCampbell Soup is getting squeezed by higher costs
Campbell Soup is raising the prices it charges stores for its products in response to rising supply chain costs. The maker of namesake soup brands…
Continue ReadingExclusive: US businesses warn crumbling infrastructure is hurting the economy
As infrastructure negotiations between the White House and a GOP Senate group broke down this week, business executives are warning that aging…
Continue ReadingCan there ever be too much Marvel? We’re about to find out
For the past decade, movie theaters have counted on a big, buzzy Marvel hit to kick off a lucrative summer season. But this year, the superhero of…
Continue ReadingBlack-owned banks are booming, and they’re pouring money back into their communities
An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the…
Continue ReadingBest Buy has Thanksgiving plans. You’re not invited
Best Buy will be closed on Thanksgiving Day, moving many of its Black Friday deals online and offering alternatives to in-store shopping. The…
Continue ReadingVolkswagen’s ex-CEO pays company $14 million over his role in the diesel scandal
Martin Winterkorn has agreed to pay Volkswagen nearly $14 million after an investigation found the former CEO failed to respond properly to signs…
Continue ReadingElectric truck startup Lordstown Motors warns it may go out of business
Lordstown Motors, the startup electric truck maker, warned Tuesday it is close to running out of cash and may be forced out of business in the next…
Continue ReadingAre you leaving your job in retail? Share your story
Retailers are reporting challenges hiring workers to staff stores and warehouses as the US economy reopens and shoppers spend on clothes, home goods…
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