Business Stories from May 13, 2021 (Change date)
-
Airbnb reports 1Q loss of nearly $1.2 billion, revenue risesMay 13, 2021 6:30 pm - Airbnb reported Thursday that its first-quarter loss more than tripled, to $1.17 billion, as travel remained depressed by the pandemic and the company was weighed down b...
-
US mortgage rates fall for 4th week; 30-year dips to 2.94%May 14, 2021 8:51 am - WASHINGTON (AP) - Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy's recovery from t...
-
China says Xiaomi removal from U.S. blacklist "beneficial"May 13, 2021 7:00 am - HONG KONG (AP) - China's commerce ministry on Thursday welcomed the removal of Xiaomi Corp. from a U.S. government blacklist, a day after the U.S. reversed a ban on U.S....
-
Caesars, Boot Barn rise; Haemonetics, Utz Brands fallMay 13, 2021 3:30 pm - NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Thursday: Sonos Inc., up $2.34 to $33.83. The sound systems company raised its revenue foreca...
-
Asian stocks climb after Wall Street rebound led by Big TechMay 13, 2021 11:00 pm - BANGKOK (AP) - Asian shares rose Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and b...
-
Pipeline hack sends people scrambling for fuel in the SouthMay 13, 2021 12:30 pm - CLEMMONS, N.C. (AP) - A run on gas following a computer hack of the nation's largest fuel pipeline had North Carolina tow-truck driver Jonathan King worried about whethe...
-
English Premier League's $7 billion TV rights renewal OK'dMay 13, 2021 3:30 am - LONDON (AP) - The Premier League has been allowed by the British government to renew its current domestic television rights deals for another three seasons without an au...
-
McDonald's raising US workers' pay in company-owned storesMay 14, 2021 10:17 am - McDonald's is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight labor market. The fast-food giant is al...
-
FAA approves Boeing fix for jets grounded by electrical flawMay 13, 2021 11:30 am - WASHINGTON (AP) - Federal regulators have approved a Boeing procedure to fix about 100 jets that have been idled for the past month because of improper electrical ground...
-
Big 0.6% April wholesale price jump catches many off guardMay 14, 2021 10:17 am - WASHINGTON (AP) - Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing more evidence that inflat...