NEW YORK (AP) — Dollar Tree and Dollar General reported higher second-quarter sales Thursday resulting from four-decade high inflation driving more customers to bargain chain stores for everything from lightbulbs to groceries. Dollar stores tend to sell items in small quantities, allowing low-income customers to buy a little at a time. As with previous recessions,…
By David Shepardson (Reuters) – California on Thursday moved to require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, a landmark move that could speed the end of gasoline-powered vehicles. California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on…
MENLO PARK, Calif. (AP) — Facebook parent Meta says it has removed a network of accounts linked to the Proud Boys, a far-right extremist group it banned in 2018. Meta said on Thursday that it recently uncovered and removed about 480 Facebook and Instagram accounts, pages and groups linked to the Proud Boys. That brought…
DETROIT (AP) — California will require all new cars, trucks and SUVs sold in the state to run on electricity or hydrogen by 2035 in an ambitious move away from gasoline-powered vehicles and the pollution they emit. The requirements come in phases starting in 2026, and it will take 13 years for them become fully…
(Reuters) – Google will clearly label medical facilities in the United States that provide abortions in its search results and in Google Maps to avoid confusing them with anti-abortion centers, its top executive informed lawmakers on Thursday. When users search for “abortion clinics near me”, the results box will display facilities verified to provide abortions,…
(Reuters) -Gap Inc beat revenue estimates on Thursday on strong sales at its Banana Republic division, but withdrew its annual forecasts as the apparel chain struggles with an inventory build-up and tepid demand for outdated Old Navy items. People have been opting for suits, dresses and skirts over casual wear as they venture out for…
JACKSON HOLE, Wyoming (AP) — When officials of the Federal Reserve Bank of Kansas City sought a location for an annual economic symposium in 1982, they chose Jackson Hole, Wyoming, for a simple reason: It had fly-fishing. Paul Volcker, the Fed chairman at the time, was known to enjoy the pastime, and it was hoped…
By Howard Schneider JACKSON, Wyo. (Reuters) -U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase they will approve at their Sept. 20-21 meeting, but continued hammering the point they will drive rates up and keep them there until inflation has been squeezed from the economy. Those higher rates…
By David Shepardson WASHINGTON (Reuters) -Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges. China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller – Maersk’s refrigerated containers…
DESERT CENTER, Calif. (AP) — The main highway from Los Angeles to Phoenix was damaged by a flash flood that washed out part of the road through the Southern California desert in the latest bout of punishing monsoonal thunderstorms that have hit the region this summer. The newest round of flooding started Wednesday evening, damaging…
