Business News [UP]

The number of people filing initial claims for unemployment insurance reached its highest level since October 2021 during the week ending June 3, the Labor Department reported Thursday....Read More

Turkey’s lira plummeted more than 7% to record lows Wednesday in a second massive sell-off since President Recep Tayyip Erdogan was re-elected last month....Read More

Shares of video game retailer GameStop fell in after hours trading Wednesday after the Texas-based company announced it had fired CEO Matthew Furlong....Read More

Though mortgage rates declined from week-ago levels, total applications are still about 30% lower than they were at this time last year as borrowing remains prohibitive, the Mortgage Bankers Association said Wednesday....Read More

As the United States and South Korea celebrate their alliance’s 70th anniversary this year, they approach a pivotal juncture in their relationship....Read More

The Consumer Product Safety Commission is reissuing its warning to parents and caregivers to stop using Boppy Newborn Loungers, recalled in 2021, after two more infants died on the “unsafe sleep environment.”...Read More

An increase in domestic consumption and the potential for elevated crude oil prices led to a near-2% upward revision in the forecast for the consumer price for gasoline, the U.S. Energy Department reported Tuesday....Read More

Operations at multiple ports from Los Angeles to Seattle returned to normal Monday after a multi-state walkout that began last Friday when unionized shipping employees in Oakland refused to show up for work....Read More

The drugmaker Merck sued the Biden administration on Tuesday, alleging that the Medicare’s ability to negotiate drug prices is unconstitutional....Read More

Apple introduced its latest slate of state-of-the-art tech at its 2023 Worldwide Developers Conference in Cupertino, Calif., on Monday, headlined by the Vision Pro headset....Read More