More companies, especially airlines, warn higher costs will eat into profits
UPS and airlines are digesting big new labor deals, while Hollywood and the auto industry are at odds with unions.
Mexican drug cartels get Americans to smuggle weapons across border
Arming Cartels | CBS Reports Watch the CBS Reports documentary “Arming Cartels: Inside the Mexican-American Gunrunning Networks” in the video player above. Mexican drug cartels have been smuggling a vast …
Ray Dalio says to hold cash ‘temporarily’ — but don’t buy debt and bonds
Amid mounting concerns over rising interest rates and inflation levels Bridgewater Associates’ founder Ray Dalio said he prefers cash over bonds.
China’s retail sales surprise with faster growth, up 4.6% in August
China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data.
U.N. says most Libya flooding deaths could have been avoided
U.N. says most Libya flood deaths preventable The number of people killed by the devastating flash flooding in northern Libya remained unclear Thursday, due to the daunting scale of the …
Hurricane Lee weakens but could pose threat to New England
Hurricane Lee sets sights on U.S. Hurricane Lee, which became the season’s first Category 5 storm last week, weakened to a Category 2 on Wednesday as it continued churning northward on a …
What is shadow banking? Unpacking the risks for China
China’s real estate market woes have again drawn attention to the world of shadow banking and the risks it poses to the economy.
Aid slow to reach Morocco earthquake survivors
Aid slow to reach Morocco earthquake survivors Frustration is mounting over the response to the earthquake in Morocco that killed nearly 3,000 people and injured thousands more. Many of the …
Elizabeth Warren calls for an investigation into Musk and Starlink in Ukraine after biography claim
In his book titled “Elon Musk,” released Tuesday, Walter Isaacson details Musk’s policy of geofencing Starlink’s satellite network over Crimea last year.
U.S. clears way for release of $6 billion as part of Iran prisoner deal
Sister of American prisoner in Iran on what comes next Washington — The Biden administration has cleared the way for the eventual release of five American citizens detained in Iran by …