WASHINGTON — US retail sales increased 0.6 percent in May, led by biggest jump in auto sales in 6 months.
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Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
Asian stocks fell Wednesday with most of the markets in the region closed for a holiday. Meanwhile, U.S. stocks closed out their worst month since September.
Business
Study says El Nino, not climate change, was key driver of low rainfall that snarled Panama Canal
The climate phenomenon known as El Nino — and not climate change — was a key driver in low rainfall that disrupted shipping at the Panama Canal last year, scientists said Wednesday.
Business
New era for pot regulation leaves old problem: Many cannabis companies can't find a bank
The Biden administration's move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy. But it might do little to ease a longstanding problem in the cannabis industry — a lack of loans, checking accounts and banking services that other businesses take for granted.
Business
Portuguese-flagged ship is hit far in Arabian Sea, raising concerns over Houthi rebel capabilities
A Portuguese-flagged container ship came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen's Houthi rebels that they assaulted the ship there, authorities said Tuesday.
Business
Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule
Yunis Safi, a businessman in Kabul, knows very well the importance of showing off your phone if you want something done.