Business category, Page 150

SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. The company’s customer base fell by 200,000 subscribers during the January-March period, according...

NEW YORK — Stocks overcame a weak start and finished broadly higher Tuesday, giving the major indexes on Wall Street their best day in nearly five weeks. The S&P 500 rose 1.6%, enough to recoup almost all of its losses from last week. The Dow Jones Industrial Average rose 1.5%...

NEW YORK — When Mahlet Berhanemeskel gets back to her New York City home from her 90-minute commute, she doesn’t feel like cooking. So instead she orders food like BLTs, Cheez-Its and cookies from an app called Gorillas. It’s affordable and takes 10 minutes. “It’s instant gratification,” she said. Gorillas...

The small-stock slaughter continues. In the 12 months through April 14, small stocks fell almost 10%, while large stocks rose 8%. Moreover, the market’s big boys have beaten the small fry in four of the past five years. With inflation roaring, the Federal Reserve raising interest rates and Russia waging...

DETROIT — Twitter’s board of directors says it adopted a “poison pill” defense in order to protect the social media platform from “coercive or otherwise unfair” takeover tactics. The company announced the move Friday and provided more details in a regulatory filing early Monday. On Thursday, Tesla CEO Elon Musk...

Stocks are drifting in mixed trading Monday, as worries about interest rates and inflation keep a lid on Wall Street despite some better-than-expected profit reports. The S&P 500 was 0.2% higher, coming off its second straight week of losses. Like it, the other two major U.S. stock indexes also flipped...

WASHINGTON — Millions of Americans wait until the last minute to file their taxes and this year is no exception. Monday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS will receive tens of millions of last-minute filings electronically and through paper...

The Food and Drug Administration is investigating Lucky Charms cereal after dozens of customers complained of illness after eating it. The FDA said during the weekend it has received more than 100 complaints related to Lucky Charms so far this year. “The FDA takes seriously any reports of possible adulteration...

Pennsylvania’s unemployment rate has fallen again. The state Department of Labor and Industry’s monthly report for March, released Friday, shows the unemployment rate dropped two-tenths of a percentage point, declining to 3.6%. In addition, the commonwealth’s unemployment rate for March 2022 was 2.2 percentage points below its March 2021 level....

PROVIDENCE, R.I. — Twitter said Friday that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private. The move would allow existing Twitter shareholders to buy additional shares at a discount, thereby diluting...

Mortgage rates in the U.S. surged, reaching 5% for the first time in more than a decade. The average for a 30-year loan jumped from 4.72% last week, Freddie Mac said in a statement Thursday. The last time rates hit 5% was in February 2011. Borrowing costs have been soaring...

ATLANTIC CITY, N.J. — As a casino dealer, Shamikah Townsend knows when the odds are in her favor. And they definitely are right now. While working at one Atlantic City casino last year, she went to a job fair held by a different one, and was surprised at how instantly...

In 10 days, Tesla CEO Elon Musk has gone from popular Twitter contributor and critic to the company’s largest individual shareholder to a would-be owner of the social platform — a whirlwind of activity that could change the service dramatically given the sometimes whimsical billionaire’s self-identification as a free-speech absolutist....

The Pittsburgh region has the slowest employment growth coming out of the pandemic among the nation’s 40 largest metropolitan areas, according to an analysis of Bureau of Labor Statistics data. Pittsburgh’s labor force participation remains nearly 5% below what it was before the pandemic and is well below the U.S....

WASHINGTON — The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs. Jobless claims rose by 18,000 to 185,000, the Labor Department said Thursday, after nearly touching the...

DETROIT — Tesla is recalling nearly nearly 595,000 vehicles in the U.S., most for a second time, because a “Boombox” function can play sounds over an external speaker and obscure audible warnings for pedestrians. The electric car company says in government documents that the new recall will disable “Boombox” if...

The tech giant Google said it will invest more than $15 million in Pennsylvania this year, including plans to add another floor at its Bakery Square campus in Pittsburgh’s East End. The company said it plans to invest $9.5 billion in offices and data centers across the country this year,...

Amazon is taking a step to offset its rising costs, announcing Wednesday it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant’s fulfillment services. The Seattle-based company said on its website that the added fees, which take effect April 28,...

WASHINGTON — The Biden administration announced Wednesday that it is extending the nationwide mask requirement for airplanes and public transit for 15 days as it monitors an uptick in covid-19 cases. The Centers for Disease Control and Prevention said it was extending the order, which was set to expire on...

LOS ANGELES — Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other mission: buying a home. For months, they scoured listings, strategizing late into the night on which homes to target and working...

SAN FRANCISCO — Yelp will cover the travel expenses of employees who must travel out of state for abortions, joining the ranks of major employers trying to help workers affected by new restrictions in Texas and other states. The benefit announced Tuesday covers all 4,000 employees at the online review...

PRAGUE — Westinghouse Electric Co. and France’s Framatome have been selected to deliver fuel supplies for the Czech Republic’s Temelin nuclear plant, easing the country’s dependence on Russia. State-controlled power company CEZ said Tuesday that Pennsylvania-based Westinghouse and Framatome will deliver the nuclear fuel for about 15 years, starting in...

WASHINGTON — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. The Labor Department said Tuesday that its consumer price index...

Few players — stars such as Willie Mays, Hank Aaron, Mike Trout and Mookie Betts — can make baseball’s 30-30 Club. It’s for players who hit 30 home runs and steal 30 bases in the same season. I have a 30-30 Club for companies. To make it, a company must...