Subtropical Storm Ana has stalled off the U.S. East Coast after forming overnight, arriving more than three weeks before the official start of the Atlantic hurricane season.

Food and beverage producers face rising costs that could curtail growth as water shortages and pollution become more severe.

Payrolls rebounded in April following an even bigger setback a month earlier than previously estimated, a sign companies are confident the U.S. economy will reboot after stagnating early this year.

Uber has submitted a bid for HERE, Nokia Oyjs maps business, for as much as $3 billion, the New York Times reported, citing people familiar with the matter.