Month: May 2022

The French food giant said about half a million cans of specialized medical formula made by its Nutricia business will be flown into the U.S. in the coming weeks, as part of a broader push to alleviate shortages faced by babies with allergies.

Mike Cannon-Brookes had opposed AGL Energy’s effort to spin off its coal-fired power plants. The scrapping of the plans handed a win to environmentalists who want a faster shift to cleaner energy.

The Biden administration says the funds will help small businesses grow. Republicans say the spending is delayed and unnecessary.

Rising wages and worker shortages, compounded by increases in Covid-19-related absenteeism, are changing some manufacturers’ attitudes about robots.

Covid-19 restrictions and pandemic disruptions caused a shift in the way parents feed their babies, according to health experts.

The unemployment rate hit record lows in 17 states in the Midwest, South and Mountain West in April, a sign of a labor market where there are too few workers to keep pace with consumer spending and employer demand.

U.S. households boosted spending for a fourth straight month in April, but the savings rate fell to the lowest in 14 years, suggesting many Americans are tapping savings to offset cost increases from inflation.

Consumer prices rose 6.3% in April from a year earlier, down from 6.6% in March, as measured by the Commerce Department’s personal-consumption expenditures price index, but remained near a four-decade high.

Lael Brainard testified before a House committee on the benefits and risks of a central bank digital currency.

Reduced global fuel-making capacity is holding back supplies as drivers hit the road and demand recovers from the onset of the pandemic.