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Is Beyoncé Linked to Sweden’s Inflation? An Economist Says So.

June 15, 2023 / no comments

As fans from around the world spent money to witness the kick off of the star’s tour in Sweden, they may have caused the country’s inflation rate to stay higher than expected.

Crypto Can Run, But It Can’t Hide

June 15, 2023 / no comments

Cryptocurrency firms besieged by the SEC might be lured to friendlier jurisdictions overseas, until they cause scandals that again lead to tighter regulation.

West Coast Dockworkers Reach Contract Deal With Port Operators

June 15, 2023 / no comments

After a year of prolonged negotiations that have led to delays and declines in cargo, the two sides agreed to a new contract with help from the Biden administration.

European Central Bank Raises Interest Rates to Highest Level Since 2001

June 15, 2023 / no comments

Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive increase.

ECB Raises Rates, Signals More Hikes to Come

June 15, 2023 / no comments

The European Central Bank raised its key interest rate by a quarter percentage point, pressing ahead with its campaign against high inflation.

Fed’s Powell Suggested July Rate Rise Is Likely, Analysts Say

June 15, 2023 / no comments

Officials didn’t raise rates this week but the Fed chair’s phrasing during a press conference hinted that his default position for now is to raise rates in July.

President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High

June 15, 2023 / no comments

President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.

Video Ads Are Coming to All Your Uber Apps

June 15, 2023 / no comments

The company, which sees ad sales as a key growth area, will debut long-form videos on Uber Eats, Drizly and its ride-hailing app.

Starbucks Is Under Scrutiny Over Removal of Pride Decorations

June 15, 2023 / no comments

The union Starbucks Workers United says the chain, after prominently celebrating Pride for years, has banned the displays. The company insists that’s not true and said the examples are an “outlier.”

After Surging Early in the Year, Retail Spending Could Be Cooling

June 15, 2023 / no comments

A Commerce Department report Thursday will detail May sales at stores, restaurants and online.

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