Tuesday, May 17, 2022
May 17, 2022

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‘Posh Pockets’ cottage community coming soon to Clark County

May 17, 2022, 6:04am Business

A new type of cottage community called “Posh Pockets” is coming to Vancouver next year, allowing homeowners to experience a smaller high-quality home in a more tight-knit communal living. Read story

Retail sales rise 0.9% in April as consumers show resilience

May 17, 2022, 7:48am Business

U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. Read story

FILE - Part of the Twitter page of Elon Musk is seen on the screen of a computer in Sausalito, Calif., on Monday, April 25, 2022. The Tesla CEO gave the strongest hint yet Monday, May 16, 2022, that he would like to pay less for Twitter than his $44 billion offer made the previous month.

Musk wars with Twitter over his buyout deal – on Twitter

FILE - Part of the Twitter page of Elon Musk is seen on the screen of a computer in Sausalito, Calif., on Monday, April 25, 2022. The Tesla CEO gave the strongest hint yet Monday, May 16, 2022, that he would like to pay less for Twitter than his $44 billion offer made the previous month.

May 17, 2022, 1:20pm Business

Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts for the $44 billion deal to move… Read story

FILE - Pedestrians pass the New York Stock Exchange, May 5, 2022, in the Manhattan borough of New York. Stocks are opening modestly lower on Wall Street Monday, May 16, 2022 continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 was down 0.6% in the early going, while more declines in technology companies pulled the Nasdaq down 1.1%. The Dow Jones Industrial Average fell 0.3%. Spirit Airlines rose 7% after JetBlue said it would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bid.

Markets shake off doldrums as traders get back to buying

FILE - Pedestrians pass the New York Stock Exchange, May 5, 2022, in the Manhattan borough of New York. Stocks are opening modestly lower on Wall Street Monday, May 16, 2022 continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 was down 0.6% in the early going, while more declines in technology companies pulled the Nasdaq down 1.1%. The Dow Jones Industrial Average fell 0.3%. Spirit Airlines rose 7% after JetBlue said it would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bid.

May 17, 2022, 1:12pm Business

Stocks rose steadily throughout the day and ended with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street. Read story

U.S Treasury Secretary Janet Yellen, right, talks to Holocaust survivor, Marian Turski, while attending a wreath-laying ceremony in front of the Ghetto Heroes Monument in Warsaw, Poland, Monday, May 16, 2022.

Yellen warns Europeans about working with China, urges unity

U.S Treasury Secretary Janet Yellen, right, talks to Holocaust survivor, Marian Turski, while attending a wreath-laying ceremony in front of the Ghetto Heroes Monument in Warsaw, Poland, Monday, May 16, 2022.

May 17, 2022, 7:53am Business

Even as Western allies grapple with how to counter Russia’s assault on Ukraine, U.S. Treasury Secretary Janet Yellen warned Tuesday that they also must take a wary and united approach to checking China and its business practices. Read story

FILE - A Walmart employee helps a customer outside the Walmart store in Philadelphia, Wednesday, Nov. 17, 2021.  Walmart reported stronger sales for the fiscal first quarter, Tuesday, May 17, 2022,  but its profits took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a still snarled global supply chain.

Walmart Q1 profit dragged down as inflation takes a bite

FILE - A Walmart employee helps a customer outside the Walmart store in Philadelphia, Wednesday, Nov. 17, 2021.  Walmart reported stronger sales for the fiscal first quarter, Tuesday, May 17, 2022,  but its profits took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a still snarled global supply chain.

May 17, 2022, 7:52am Business

Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. Read story

Britain's Prime Minister Boris Johnson with a Mark 3 shoulder launch LML (Lightweight Multiple Launcher) missile system, at Thales weapons manufacturer in Belfast, Monday May 16, 2022, during a visit to Northern Ireland. Johnson said there would be "a necessity to act" if the EU doesn't agree to overhaul post-Brexit trade rules that he says are destabilizing Northern Ireland's delicate political balance. Johnson held private talks with the leaders of Northern Ireland's main political parties, urging them to get back to work.

UK raises stakes in EU feud with threat to break Brexit deal

Britain's Prime Minister Boris Johnson with a Mark 3 shoulder launch LML (Lightweight Multiple Launcher) missile system, at Thales weapons manufacturer in Belfast, Monday May 16, 2022, during a visit to Northern Ireland. Johnson said there would be "a necessity to act" if the EU doesn't agree to overhaul post-Brexit trade rules that he says are destabilizing Northern Ireland's delicate political balance. Johnson held private talks with the leaders of Northern Ireland's main political parties, urging them to get back to work.

May 17, 2022, 7:52am Business

The British government dramatically escalated a fight with the European Union on Tuesday by saying it will pass a law to scrap parts of the trade treaty signed by the two sides less than two years ago. Read story

Bankrate: 5 top mistakes to avoid during a market selloff

May 17, 2022, 7:52am Business

Stocks, cryptocurrencies and even bonds have tumbled in 2022 as investors react negatively to rising interest rates, soaring inflation and the Russia/Ukraine conflict. Read story

Millennial Money: Learn your parents’ financial plans ASAP

May 17, 2022, 7:50am Business

My mom died at age 61, when I was 31. Seeing her headstone in a field of others smacked me with a brutal, if obvious fact: Everyone, including everyone’s parents, will die. Read story

Will social media companies crack down on the racist conspiracy theory behind the Buffalo massacre?

May 17, 2022, 7:49am Business

The Buffalo, New York, mass shooting that claimed 10 lives Saturday was an event shaped by, and for, internet platforms, including message boards and streaming and social media sites. Read story