Amazon sharply criticizes looming antitrust bill in Congress

Washington CNN Business — Amazon (AMZN) has sharply criticized a looming antitrust bill in Congress that it says unfairly targets the company and could degrade its customers’ experience. In a blog post Wednesday, Amazon VP of Public Policy Brian Huseman alleged that a bill led by Sen. Amy Klobuchar in the Senate and Rep. David … Read more

Stocks slide as strong economic data raises rate worries

NEW YORK (AP) — A swift jump in Treasury yields rattled Wall Street on Wednesday, pulling stocks broadly lower at the start of another month in what’s been a turbulent year for the market. The S&P 500 ended 0.7% lower after an early morning gain quickly gave way to choppy trading. The Dow Jones Industrial … Read more

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

In this photo illustration, a photo of a hand infected with the Monkeypox virus is seen through a magnifying glass. Monkeypox is a viral disease that occurs mainly in central and western Africa. Rafael Henrique | light rocket | Getty Images The World Health Organization on Wednesday confirmed more than 550 monkeypox cases across 30 … Read more

OPEC Weighs Suspending Russia From Oil-Production Deal

Some OPEC members are exploring the idea of ​​suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said. Exempting Russia from its oil-production targets could potentially pave the way for Saudi Arabia, the United Arab Emirates and other producers … Read more

5 things to know before the stock market opens Tuesday

1. S&P 500 futures are lower after snapping long losing streak Traders on the NYSE, May 20, 2022. Source: NYSE S&P 500 futures were lower Tuesday morning, as Wall Street resumes trading following the Memorial Day holiday. Stocks posted strong gains last week, ending seven-week losing streaks for the S&P500 and Nasdaq Composite and an … Read more

Euro zone inflation hits yet another record high as food and energy prices soar

A market in the city center of Bonn, Germany on Feb 5, 2022. Nurphoto | Nurphoto | Getty Images Prices in the euro zone continued their march higher in May, hitting a record high for the seventh month in a row. Inflation came in at 8.1% for the month, according to preliminary figures from Europe’s … Read more

US job market divide boosts some workers’ prospects, puts others on notice

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more