NEW YORK (AP) — Elections have consequences for financial markets. But what that means for investors is often hard to predict. Just look at France, where the threat of electoral losses for the president’s centrist party recently sent the French stock market to its worst week in more than ...
NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, the Commerce Department said Tuesday. And April sales were revised downward — a 0.2% decline, from unchanged. Sales rose 0.6% in March and 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather. Excluding gas prices and auto sales, retail sales rose the same amount. Retail sales in May, in ...
NEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if they didn’t qualify. About 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of ...
MOGI GUACU, Brazil (AP) — Orange juice prices have always been volatile, falling when bumper harvests create an oversupply of oranges and rising when frost or a hurricane knocks out fruit trees. But the record-high prices the world is seeing for OJ right now may be on the table for a ...
The Southern Chautauqua Federal Credit Union has made a $15,000 corporate sponsorship contribution to The Resource Center and Filling the Gap Inc., a Jamestown-based non-profit organization that works with The Resource Center to support people with disabilities and other socioeconomic ...
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks reported ...
