Business

A new handbag will be sold at auction: A microscopic Louis Vuitton OnTheGo tote

5:53am June 14, 2023

It's a lot smaller than the real one — small enough to pass through the eye of a needle, reports The New York Times. The fluorescent green bag will come with a microscope so the buyer can see it.

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Books

A rare collection of American literature will be auctioned off at Christie's

5:12am June 14, 2023

Bruce Lisman is selling a trove of 18th and 19th-century American books and rarities. His collection offers a rare look into the foundations of American literature.

Recent shortage of cancer drugs leaves patients around the world vulnerable

4:21pm June 13, 2023

by Yuki Noguchi

The recent, abrupt shortage of critical cancer drugs highlights a broken business model in generic drugs that leaves patients in the U.S. and all over the world more vulnerable to similar shortages.

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Pride month merchandise is displayed at the front of a Target store in Hackensack, N.J., last month. The company pulled certain LGBTQ+ merchandise from its stores nationwide ahead of Pride month after an intense backlash from some customers including violent confrontations with its workers.

National

LGBTQ+ creatives rely on Pride Month income. This year, they're feeling the pinch

3:34pm June 13, 2023

by Emma Bowman

Brands are rethinking how they nod to Pride after recent boycotts against companies that signal LGBTQ+ support. Influencers who work with brands for Pride now say they're seeing fewer opportunities.

Inflation fell in May to 4%, down from 4.9 percent in April. Some prices, though, continue to rise (Photo by Joe Raedle/Getty Images)

Cheaper eggs and gas lead inflation lower in May, but higher prices pop up elsewhere

12:15pm June 13, 2023

by Scott Horsley

Inflation cooled slightly in May, thanks in part to falling gas and egg prices. But the overall cost of living is still climbing faster than the Federal Reserve would like.

Latest inflation numbers come as the Fed considers what to do with interest rates

9:59am June 13, 2023

The Labor Department reports Tuesday on May's inflation rate. While inflation has cooled since last summer, prices are still rising faster than the Federal Reserve would like.

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Online messaging boards are protesting Reddit's controversial new fees

7:14am June 13, 2023

by Bobby Allyn

Thousands of communities on the popular social media site Reddit "went dark" in protest of new changes. The outrage is focused on new fees that Reddit has levied on the developers of third-party apps.

What personal financial stress can do to the economy

6:30am June 13, 2023

by Paddy Hirsch

Financial stress. It feels personal, but it has big implications for the economy.

Erica Payne, founder of Patriotic Millionaires, offers a crash course on economic inequality to residents of Whiteville, N.C. The group wants working-class voters to lobby Congress on raising the minimum wage and taxing the rich.

These millionaires want to tax the rich, and they're lobbying working-class voters

5:05am June 13, 2023

by Jennifer Ludden

A group called Patriotic Millionaires has failed to get Congress to raise their taxes or boost the minimum wage. Now they're taking their concerns about inequality to swing-state voters.

The dollar is not just the currency used in the U.S., it is very much the world's currency. It's been that way for 80 years – but that could change.

The U.S. dollar conquered the world. Is it at risk of losing its top spot?

5:56pm June 12, 2023

by Stacey Vanek Smith

The dollar has helped make the U.S. the most economically powerful country for most of the last century, but other countries – including rivals like China – have the greenback on their sights.