Amazon limits Plan B pill purchases as demand surges

Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s US Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. The review of … Read more

California plans ‘inflation relief’ checks. Will other states follow?

Who may qualify for ‘inflation relief’ checks Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint filers with at least one dependent stand to receive the highest possible sum of $1,050. … Read more

Target will cover employees’ travel to other states for abortions

A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the … Read more

Nike, Boston Beer, Disney and more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher … Read more

Rocket Lab launch of CAPSTONE begins NASA return to the moon

The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand facility early Tuesday, a mission that represents firsts for both the company and the National Aeronautics and Space Administration. The company’s Electron … Read more

Home price increases slowed slightly in April, says S&P Case-Shiller

People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first potential sign of a cooling in prices. Prices rose 20.4% nationally in April compared to the same month … Read more

Millennials want to retire at 59, here’s how to retire early

Millennials are ‘struggling to afford the present’ After experiencing the pandemic recession and the extreme market swings that followed, roughly three-quarters, or 76%, of adults between the ages of 26 and 41 are concerned that a crash could wipe out their savings and investments, Alto Solutions said. More than half, or 53%, worry they’ll never … Read more

New York Fed President John Williams says a U.S. recession is not his base case

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York Federal Reserve President John Williams said Tuesday he expects the US economy to avoid recession even as he sees the need for significantly higher interest rates … Read more

Job losses are coming. Take 5 steps now to get your finances ready

Holger Scheibe | The Image Bank | Getty Images While “Hiring Now” signs dot storefronts and highways across America, the job market may be starting to cool. The Federal Reserve’s decision to bring down inflation by raising interest rates has some projecting a slowing economy — and slower sales — leading to job losses. Employers … Read more

Hydrogen powered trains to be used in Berlin-Brandenburg region

A Mireo Plus H train photographed in North Rhine-Westphalia, Germany, on May 5, 2022. According to Siemens Mobility, the train can hit a top speed of 160 kilometers per hour, or around 99 mph. Sophie Brossler | Picture Alliance | Getty Images Siemens Mobility is to build several hydrogen-powered trains for a network in the … Read more