Amazon reports better-than-expected revenue, profit for 2Q
Amazon’s flagship online retail business, which had slowed dramatically following a boom earlier in the pandemic, grew 5%, its best showing since the third quarter of last year.
Associated Press
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Weekly applications for U.S. jobless aid tick up from 5-month low
While some industries—such as manufacturing, warehousing, and retail—have slowed their hiring in recent months, they aren’t yet cutting jobs in large numbers.
USA Gymnastics signs 5-year deal with Nike in sign of trust in post-Nassar era
The sponsorship deal, which Indianapolis-based USA Gymnastics says is the largest ever both in terms of annual value and total value for the national governing body, runs through the 2028 Los Angeles Olympics.
Big Ten having preliminary conversations about more expansion, sources say
A group of Big Ten Conference presidents has begun discussing the possibility of adding more West Coast schools to the conference if the Pac-12 continues to crumble, two people familiar with the conversations said.
Pence fought order to testify, but now is central figure in former boss’s indictment
The 45-page indictment of former President Donald Trump is informed, in part, by contemporaneous notes that former Vice President Mike Pence kept of their conversations in the days leading up to the Jan. 6 attack on the U.S. Capitol.
NCAA’s business review pushes association to get creative in supporting schools, athletes
The review, which found college sports was at a “crossroads,” was one of the first items on NCAA President Charlie Baker’s to-do list when he took over in March.
Sales of incandescent bulbs turned off for good under new U.S. rules
New federal rules governing the energy efficiency of lighting systems went into full effect Tuesday, effectively ending the sale and manufacture of bulbs that trace their origin to an 1880 Thomas Edison patent.
UAW to show list of economic demands to automakers this week
The United Auto Workers union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week, the union’s president says.
Bed Bath & Beyond hanging on as online retailer
Overstock.com officially relaunched the Bed Bath & Beyond domain online Tuesday in the United States after acquiring the bankrupt retail chain’s intellectual property assets for $21.5 million in June.
Job openings fall to lowest level in 2 years as demand for workers cools
The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market is slowing.
Chatbots sometimes make things up. Is AI’s hallucination problem fixable?
Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods. That’s problem for every business, organization and high school student trying to use one to get work done.
ACLU of Indiana asks state high court to keep near-total abortion ban on hold
The petition seeking a rehearing will delay the ban from taking effect as soon as Tuesday while the Indiana Supreme Court considers the matter.
Federal judge declines to block new Indiana law barring teaching of sex in grades K-3
U.S. District Judge J.P. Hanlon said teachers do not have unlimited free speech rights in the classroom. Instead, as government employees, their speech is limited to subjects and messages approved by the Legislature, he wrote.
Brain fog, other long COVID symptoms focus of new small treatment studies
Scientists don’t yet know what causes long COVID, the catch-all term for about 200 widely varying symptoms.
Latest plan to cut student loan payments could be in for legal battle
The Biden administration calls it a “student loan safety net.” Opponents call it a backdoor attempt to make college free. And it could be the next battleground in the legal fight over student loan relief.
Customers want instant gratification. Workers say it’s pushing them to brink.
Drastic changes in consumer demands are driving labor unrest in diverse industries upended by technology, from actors and writers to UPS delivery drivers.
Trucking firm with 30,000 employees ceasing operations, union says
An official bankruptcy filing is expected any day for Yellow Corp., after years of financial struggles and growing debt. Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide.
Some renters might get relief from biggest apartment construction boom in decades
Some economists project U.S. rents will be down modestly this year after soaring nearly 25% over the past four years, but the trend will likely be little comfort for many U.S. renters.
More Trader Joe’s recalls: Soup may contain bugs, and falafel may have rocks
The recalls come one week after the grocery chain recalled two cookie products over similar concerns.
At an impasse over contract extension, Taylor requests trade from Colts
Jonathan Taylor, the 2021 NFL rushing champ, has been seeking a contract extension before his rookie contract expires at the end of this season