Global Glance: Apple invests in Chinese ride-hailing company, US retail sales show solid gain

Powered by The Associated Press

Here are today’s top business headlines from across the nation and world:

Apple invests $1 billion in Chinese ride-hailing company

BEIJING (AP) — Apple Inc. has invested $1 billion in Chinese ride-hailing service Didi Chuxing, the main competitor in China for Uber Technologies Ltd. Apple will become a strategic investor alongside Chinese e-commerce giant Alibaba Group and Tencent Holdings Ltd., an online games and entertainment service, Didi Chuxing announced Friday. Read more


US retail sales show solid gain despite woes at store chains

WASHINGTON (AP) — The Commerce Department said Friday that retail sales climbed a seasonally adjusted 1.3 percent last month, after a drop in March caused largely by declining car sales, suggesting that consumers may be faring better than indicated by a slump among major retailers. Read more


New cyberattack made on bank, financial supervisor warns

BRUSSELS (AP) — A new cyberattack has been made against an unnamed bank, part of a coordinated campaign that follows February’s theft of $101 million from the Bangladesh central bank, the international money transfer supervisor Swift said Friday. Read more


US producer prices rise in April for first time in 3 months

WASHINGTON (AP) — The Labor Department said Friday that prices charged by U.S. manufacturers, farmers and other producers rose for the first time since January, lifted by higher costs for gas, steel and medicines. Read more


Bees are buzzing on San Francisco roofs

SAN FRANCISCO (AP) — At the Clift Hotel in San Francisco, there are more than 370 rooms inside and 100,000 bees buzzing above in rooftop hives outside. Yes, honeybees. Aware of the environmental threats to honeybees that have reduced numbers worldwide, seven San Francisco hotels have built hives on their rooftops. Read more

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students