Business news at a glance
Sony sees profit rise despite waning interest in video games
Unprecedented profit for major oil drillers as prices soared
NEW YORK — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.
Inflation and wage data suggest US prices will keep climbing
WASHINGTON — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs.
Senate deal should make it easier to buy electric vehicles
DETROIT — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.
We need an emergency declaration for health care
Last week, I ranted and raved about our COVID-19 emergency proclamations, more than 20 of them, that finally ended on March 25, 2022. Now we see in the news that the Healthcare Association of Hawaii wants the Governor to declare a state of emergency once again.
Commentary: The Pentagon can’t counter white supremacy
After the Jan. 6 insurrection, a CBS News analysis found that at least 81 of the more than 700 individuals charged in relation to the attack were current and former armed service members. In response, Secretary of Defense Lloyd Austin committed to addressing extremism within military ranks. But the Biden administration’s approach, which draws on a long and fraught U.S. history of targeted surveillance in the name of protecting national security, only risks traumatizing the same communities it claims to keep safe.
