Qualcomm said it would provide Apple with its 5G smartphone modems through 2026.
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Speaker Pelosi Now Open to Ban on Stock Trading for Lawmakers
House Speaker Nancy Pelosi on Thursday reversed her position on efforts from rank-and-file members to restrict or ban members of Congress from trading stock in individual companies while in office.

Fed Remains Non-Committal in Long-Awaited Central Bank Digital Currencies White Paper
The 40-page paper was widely seen as the first step in doing just that, but the document provides only partial hints as to if the Fed is supportive of a central bank digital currency.

Adoption of China's Digital Yuan Expands Ahead of Beijing Olympics
The People's Bank of China (PBOC) announced on Tuesday that 261 million individuals, or about a fifth of the country's population, have now set up digital yuan wallets.

Dutch-X Switches to E-Bikes From Cargo Vans as Last-Mile Delivery Surges
Courier service Dutch-X is transitioning its fleet of cargo vans to more e-bikes for New York City deliveries as last-mile deliveries in packed urban centers continue to surge. Cheddar's Michelle Castillo has more.

Amazon Plans a Clothing Store for a Southern California Mall
Amazon says it plans to open a clothing store in a Southern California mall later this year, a first for the online behemoth and a fresh challenge for already struggling traditional retailers.

U.S. Jobless Claims Rise to 286,000, Highest Since October
The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.

Stock Losses Mount as Investors Eye Earnings, Inflation
Stocks ended sharply lower on Wall Street Thursday, and the benchmark S&P 500 closed at a three-month low as corporate earnings and inflation continued to hold investors’ attention.

Starbucks Nixes Vaccine Mandate After Supreme Court Ruling
Starbucks is no longer requiring its U.S. workers to be vaccinated against COVID-19, reversing a policy it announced earlier this month.

Train Derails Near LA Site of Recent Wave of Cargo Thefts
Crews are making railroad repair in Los Angeles after a train derailed near the location where thieves have been raiding cargo containers, leaving the tracks littered with empted boxes of packaged goods sent by retailers.



