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May 16, 2022

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Weston: Dealing with death? There’s an app for that

May 14, 2022, 5:28am Business

Before the pandemic, entrepreneurs Liz Eddy and Alyssa Ruderman had trouble getting venture capitalists to invest in their end-of-life planning app Lantern. Potential business partners were skeptical as well. Read story

FILE - A grower at Loving Kindness Farms attends to a crop of young marijuana plants in Gardena, Calif., on Dec. 28, 2018. California Gov. Gavin Newsom will propose a temporary tax cut for California's marijuana industry, but businesses say it falls short of what's needed to revive the shaky pot economy. Broad legal sales began in California in 2018 but the industry has struggled with hefty taxes, regulation and competition from a vast illegal marketplace. The administration will recommend eliminating the cultivation tax. But a later increase would come in the cannabis excise tax to make up for those funds, possibly as soon as 2024.

Tax cut for California pot industry: Too little, too late?

FILE - A grower at Loving Kindness Farms attends to a crop of young marijuana plants in Gardena, Calif., on Dec. 28, 2018. California Gov. Gavin Newsom will propose a temporary tax cut for California's marijuana industry, but businesses say it falls short of what's needed to revive the shaky pot economy. Broad legal sales began in California in 2018 but the industry has struggled with hefty taxes, regulation and competition from a vast illegal marketplace. The administration will recommend eliminating the cultivation tax. But a later increase would come in the cannabis excise tax to make up for those funds, possibly as soon as 2024.

May 13, 2022, 4:47pm Business

California's governor on Friday proposed a temporary tax cut for the state's struggling legal marijuana industry, but businesses said it falls far short of what’s needed to revive a foundering pot economy. Read story

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It's been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value.

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It's been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value.

May 13, 2022, 4:02pm Business

It’s been a wild week in crypto, even by crypto standards. Read story

FILE - Actor James Cromwell arrives at the Los Angeles premiere of "Jurassic World: Fallen Kingdom" at the Walt Disney Concert Hall, Tuesday, June 12, 2018. Cromwell glued his hand to a midtown Manhattan Starbucks counter to protest the coffee chain's extra charge for plant-based milk, Tuesday, May 10, 2022, in New York.

Interfaith group asks Starbucks to drop vegan milk surcharge

FILE - Actor James Cromwell arrives at the Los Angeles premiere of "Jurassic World: Fallen Kingdom" at the Walt Disney Concert Hall, Tuesday, June 12, 2018. Cromwell glued his hand to a midtown Manhattan Starbucks counter to protest the coffee chain's extra charge for plant-based milk, Tuesday, May 10, 2022, in New York.

May 13, 2022, 1:33pm Business

A group of Christian, Hindu, Buddhist and Jewish leaders is asking Starbucks to stop charging extra for vegan milk alternatives, saying the practice amounts to a tax on people who have embraced plant-based lifestyles. Read story

‘Deeply sorry’ Alaska CEO: Flight cancellations to continue

May 13, 2022, 1:30pm Business

The CEO of Alaska Airlines says the high level of flight cancellations since April will continue through this month. Read story

Screens display end-of-day trading results at the New York Stock Exchange, Thursday, May 12, 2022, in New York. The stock market ended another erratic day of trading with mixed results as investors grapple to understand what's next with inflation and the U.S. central bank's response to it. The S&P 500 erased most of an early slump to end down just 0.1%, largely because of drops in a few tech giants like Apple and Microsoft.

Stocks rally, but still mark their 6th straight losing week

Screens display end-of-day trading results at the New York Stock Exchange, Thursday, May 12, 2022, in New York. The stock market ended another erratic day of trading with mixed results as investors grapple to understand what's next with inflation and the U.S. central bank's response to it. The S&P 500 erased most of an early slump to end down just 0.1%, largely because of drops in a few tech giants like Apple and Microsoft.

May 13, 2022, 1:15pm Business

Stock ended another bumpy week with a gain Friday, but not enough to keep the market from lodging its sixth weekly drop in a row, the longest such streak since 2011. Read story

FILE - CEO Elon Musk departs from the justice center in Wilmington, Del., Tuesday, July 13, 2021. Musk says his planned $44 billion purchase of Twitter is "temporarily on hold" pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted Friday, May 13, 2022 is another twist amid signs of internal turmoil over his planned buyout of Twitter.

Musk puts Twitter buy ‘on hold,’ casting doubt on $44B deal

FILE - CEO Elon Musk departs from the justice center in Wilmington, Del., Tuesday, July 13, 2021. Musk says his planned $44 billion purchase of Twitter is "temporarily on hold" pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted Friday, May 13, 2022 is another twist amid signs of internal turmoil over his planned buyout of Twitter.

May 13, 2022, 8:57am Business

Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he'll proceed with the $44 billion acquisition. Read story

FILE - A worker sits on his water tank truck next to the business tower Lakhta Centre, the headquarters of Russian gas monopoly Gazprom in St. Petersburg, Russia, Wednesday, April 27, 2022. European gas prices have risen Friday, May 13, 2022 after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies.

Russian pipeline sanctions raise fears of gas interruption

FILE - A worker sits on his water tank truck next to the business tower Lakhta Centre, the headquarters of Russian gas monopoly Gazprom in St. Petersburg, Russia, Wednesday, April 27, 2022. European gas prices have risen Friday, May 13, 2022 after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies.

May 13, 2022, 8:14am Business

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies. The move doesn’t immediately block large amounts of natural gas to Europe but intensifies fears that… Read story