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Inflation hits Mother’s Day with flower prices up 14%

  Bloomberg If you’re planning to send flowers for Mother’s Day, expect to pay more. Marie Noe, owner of A Bella Mia flower shop in Norwood, Massachusetts, has raised her prices by 24% across the board in the past three years to cover costs. Some items Noe has raised even more, citing an arrangement that used to sell for $59.99 ...

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E-commerce stocks sink to 2-year lows

  Bloomberg Shares of e-commerce companies from Etsy Inc to Shopify Inc tumbled after weaker-than-expected quarterly earnings and forecasts deepened concern that the pace of online shopping has slowed. Etsy sank 17% after providing a second-quarter gross merchandise sales forecast that fell short of analyst expectations, while Canada’s Shopify dropped 15% in New York trading after merchandise volume and revenue ...

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Hong Kong’s next leader seeks better integration with China

Bloomberg John Lee, named Hong Kong’s next chief executive in a rubber-stamp election that’s been criticised as unfair, vowed to strengthen national security and accelerate the city’s integration with mainland China. Speaking in Cantonese and English shortly after his victory was announced, the former police official and security minister outlined his service to China and Hong Kong and said his ...

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