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Pepsi pulls widely mocked ad featuring Kendall Jenner
NEW YORK (AP) -- Pepsi says it's "halting any further rollout" of an ad that has been widely mocked and criticized. The ad shows model Kendall Jenner joining a crowd of smiling young protesters, who cheer after she hands a can of Pepsi to a police officer. The story line provoked a backlash, with people saying it trivialized protests for social justice issues. Many said the imagery was reminiscent of a famous photo of a Black Lives Matter protester approaching an officer.
Fed minutes reveal debate over inflation and Trump
WASHINGTON (AP) -- Federal Reserve officials last month struggled to come to grips with two big uncertainties facing the U.S. economy -- whether it would be safe to let inflation rise faster for a while and how to assess the impact of President Donald Trump's ambitious economic stimulus plans. Minutes of the Fed's discussion at their March meeting showed near-unanimous support for the quarter-point increase in its key policy rate, the second rate hike in three months.
Stocks wither as Fed plans throw cold water on early rally
NEW YORK (AP) -- After big gains early in the day, US stocks abruptly turn lower after the Federal Reserve releases minutes from its last meeting suggesting it may reduce its bond holdings. Banks fall the most, along with bond yields and interest rates. Earlier, investors were pleased with a survey showing private businesses hired workers at a rapid clip in March.
YouTube TV has some nifty features – and some big drawbacks
NEW YORK (AP) -- YouTube TV, Google's new streaming package of about 40 television channels, is the tech industry's latest bid to get cable-shunning millennials to pay for live TV over the internet. The service, which debuts Wednesday, offers intriguing advantages over rivals. But it remains hobbled by a limited channel selection.
Amazon picks off NFL Thursday Night from Twitter
NEW YORK (AP) -- Amazon's new deal gives Prime Time football a whole new meaning. The e-commerce powerhouse will stream NFL Thursday Night games this season via its Amazon Prime video service, replacing Twitter. The live-streams of the games will be available to the estimated 65 million members of Amazon Prime, which costs $99 per year and also includes other perks like free videos, books and shipping.