Biden seeks gas price relief amid global climate push
At the Major Economies Forum on Energy and Climate President Biden vows to lower U.S. gasoline costs while pursuing long term green policies. UN Secretary-General Guterres blasts fossil fuels as tobacco like manipulators, urging reduced drilling despite oil market pressures from OPEC and Ukraine war.
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United Nations
Antonio Guterres
Joe Biden
Biden
Saudi Arabia
China
Europe
Egypt
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New Climate Institute
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Retailers cash in on Juneteenth in a shopping surge
Retailers and marketers push Juneteenth merchandise from ice cream to party supplies while backlash grows on social media for commercializing the federal holiday. Walmart apologized after selling Juneteenth ice cream under its Great Value label and Indy children’s museum removed a Juneteenth watermelon salad blaming vendor oversight. Mercer survey shows 33 percent of 200 employers offer Juneteenth as a paid holiday up from 9 percent last year. The holiday marks the 1865 Galveston proclamation aligning with Lincoln’s 1863 Emancipation Proclamation.
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Amazon
J.C. Penney
Walmart
Great Value
Indianapolis
George Floyd
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Gordon Granger
Galveston
Texas
Abraham Lincoln
Los Angeles
Wall Street Week Ends With Slight Gain After Brutal Turmoil
Stocks closed the week with a net small advance as the S&P 500 rose to 3,674.84 and the Nasdaq gained 1.4 percent, while the Dow slipped. Investors digest a big Fed rate hike and expect Powell to testify next week as markets weigh recession risks and cooling inflation. U.S. markets were closed Monday for Juneteenth.
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Verdence Capital Advisors
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Canceled U S flights rise as summer heats up
U S airlines canceled numerous flights for a second day as storms hit and summer travelers surge. FlightAware tallies show over 1,100 cancellations by Friday afternoon after 1,700 on Thursday, with Charlotte, LaGuardia, Newark, and Reagan National hardest hit. Delta said it cut cancellations by hiring more pilots and flight attendants. Allegiant noted early post summer bookings above 2019 levels though COVID-19 poses ongoing risks.
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Charlotte
North Carolina
American Airlines
LaGuardia
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New York City
Reagan Washington National
Washington, D.C
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COVID-19
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Associated Press
Guterres Said
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