Business News [UP]

Cryptocurrency exchanges are laying off hundreds of employees as values plummet amid fears of a recession....Read More

A key gauge released Tuesday showed that prices for U.S. producers rose almost 11% last month, compared to May 2021, in another signal that inflation is the top concern in an economy still recovering from COVID-19....Read More

The makers of Coca Cola and Jack Daniel’s whiskey on Monday announced they are pairing their products into a canned, ready-to-drink beverage called the Jack & Coke cocktail....Read More

The S&P 500 fell 3.88% on Monday as it fell 21% below its record high, closing in bear market territory....Read More

Electric Last Mile Solutions, an electric vehicle startup once worth as much as $1.4 billion after it went public last year, has announced plans to file for Chapter 7 bankruptcy....Read More

The U.S. Food and Drug Administration on Sunday said the Pfizer-BioNTech three-dose COVID-19 vaccine appears effective in preventing illness in children under 5 years of age....Read More

Ngozi Okonjo-Iweala, director general of the World Trade Organization, called on member states Sunday to deliver results during their first ministerial meeting in nearly half a decade....Read More

More than a dozen locations of former McDonald’s restaurants sold after the American company pulled out of Russia have opened as the rebranded Vkusno & Tochka in Moscow and the surrounding region....Read More

The two new Air Force One replacements will not be getting the red, white and blue paint scheme pushed for by former President Donald Trump, the Biden administration confirmed Friday....Read More

U.S. stock prices plummeted Friday after the Bureau of Labor Statistics released a report revealing that consumer inflation rose to an annual rate of 8.6% in May, the sharpest increase since 1981....Read More