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Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials15:56 Shoppers pulled back on spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials US filings for jobless benefits hits 211,000 as the war in Iran drags on15:23 The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran Ship is reported seized off the coast of the UAE and is heading toward Iran14:19 The British military says a ship anchored off the east coast of the United Arab Emirates has been seized and is heading toward Iranian territorial waters World shares mostly gain as investors watch Trump-Xi summit14:19 World shares are mostly higher as investors closely monitor takeaways from the summit between U.S. President Donald Trump and Chinese leader Xi Jinping Trump and DeSantis sued over donation of Miami land for extravagant presidential library14:19 Miami residents have sued President Trump, Miami Dade College, and Florida officials over plans to donate downtown Miami property for Trump's presidential library Denver runway fatality reveals a weakness in airport security12:42 An intruder was killed on a Denver runway after exploiting a security gap at one of the nation’s busiest airports Honda records its first-ever annual loss on a costly EV strategy11:04 Honda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy Trump offers platitudes while Xi warns of possible confrontation during China summit11:04 President Donald Trump has called Chinese President Xi Jinping a friend, but his warm words were in stark contrast to Xi, who opened a bilateral meeting cautioning about potential conflict between the U.S. and China Allegiant Air, Sun Country complete merger, creating larger budget airline3:31 Allegiant Air says it has completed its purchase of Sun Country Airlines, bringing together two low-cost carriers and creating a larger budget airline for travelers Japan's SoftBank racks up huge profit gains with lift from lucrative AI investments2:27 Japanese technology investor Softbank Group says profits for the fiscal year through March zoomed by nearly five-fold as its AI investments paid off Price shocks from the Iran war power solar sales in energy-hungry Asia2:27 Panicked consumers in hard-hit Asia are turning to rooftop solar power as costs climb due to the Iran war Some Japanese snack packages are turning black-and-white as Iran war depletes ink supply2:27 The packaging on some snacks in Japan is turning a somber black-and-white, as the war in Iran disrupts the supply of an ingredient in colored ink How major US stock indexes fared Wednesday 5/13/202622:42 A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation |