Must Read Money Stories For Wednesday, June 15

by June 15, 2016

Retail up in May.

Retailers had an uptick in business last month. Reuters reports that U.S. retail sales rose in May, driven by the sales of automobiles and other goods here at home. The Commerce Department said that sales rose 0.5 percent last month, another increase after a rise of 1.3 percent in April.

Tesla revs up the department store.

Tesla is set on Saturday to open a 400-square-foot gallery at the Nordstrom located at The Grove in Los Angeles, according to CNBC. The location is one of the country’s most lucrative malls. Tesla is putting the gallery in the men’s department on Nordstrom’s first floor and will feature the electric car maker’s Model X SUV.

In need of some diversity.

CNN Money reports that the research startup LedBetter is tracking gender equality on executive boards across the world. It’s found that some big-name companies like State Farm, Chipotle and Costco have zero female board members. With this information out to the public, LedBetter and its CEO Iris Kuo hopes consumers can make better purchasing decision that align with their values. Women hold just 19.9 percent of board seats at S&P 500 companies, according to an analysis by Catalyst.

High-speed internet is a utility.

A federal court has ruled that high-speed internet service can be defined as a utility, according to The New York Times. The 2-to-1 decision came from the District of Columbia Circuit of the United States Court of Appeals. The ruling has “broad-reaching implications for the web and telecommunications companies that have battled for nearly a decade over the need for regulation to ensure web users get full and equal access to all content online.” In other words, this is a huge win for supporters of net neutrality.