Aug 19 Watch 7:36 The climate and market factors driving beef prices to record highs By Paul Solman, Diane Lincoln Estes Beef prices have soared to all-time highs with many families feeling the squeeze. Economics correspondent Paul Solman looks at the factors driving prices higher. Continue watching
Aug 19 Trump administration vying to own a big stake in Intel after SoftBank’s $2 billion bet on company By Michael Liedtke, Elaine Kurtenbach, Associated Press The ambitions that Lutnick confirmed in a televised interview with CNBC came the day after various news outlets reported on the negotiations between the Trump administration and Intel. Continue reading
Aug 17 Air Canada suspends restart plans after flight attendants defy return-to-work order By Rob Gillies, Associated Press The Canada Industrial Relations Board ordered airline staff back to work by 2 p.m. Sunday after the government intervened and Air Canada said it planned to resume flights Sunday evening. Continue reading
Aug 16 Watch 7:49 AI-generated models shake up the fashion industry and raise concerns By Ali Rogin, Satvi Sunkara, Kayan Taraporevala, Zoie Lambert The rise of artificial intelligence has touched nearly every industry, disrupting long-established workflows and raising concerns about job losses. Now, the fashion world is reckoning with these changes as AI takes hold, from virtual fitting rooms to AI avatars starring… Continue watching
Aug 16 Government forces striking flight attendants back to work and into arbitration with Air Canada By Rob Gillies, Wyatte Grantham-Philips, Associated Press The Canadian government’s action came less than 12 hours after workers walked off the job, and means 10,000 flight attendants will return to work soon. Continue reading
Aug 15 Retail sales rise a solid 0.5% in July from June helped by rebounding auto sales By Associated Press The increases followed two consecutive months of spending declines. Continue reading
Aug 14 Average 30-year U.S. mortgage rate drops to lowest level since October By Alex Veiga, Associated Press The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.49%. Continue reading
Aug 14 U.S. producer prices surge in July as Trump tariffs push costs higher By Paul Wiseman, Associated Press The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier. Continue reading
Aug 13 Watch 5:32 Trump’s AI chip deal sparks legal questions and national security concerns By Amna Nawaz, Karina Cuevas President Trump stunned many in the tech world after announcing a controversial deal with chipmakers Nvidia and AMD, allowing them to sell advanced artificial intelligence chips to China in exchange for giving the U.S. government a 15% cut of their… Continue watching
Aug 13 Air Canada to begin cancelling flights ahead of possible flight attendant strike By Associated Press The union representing around 10,000 Air Canada flight attendants issued a 72-hour strike notice Wednesday. In response, the airline issued a lockout notice. Continue reading