Business category, Page 171

DETROIT — In a normal month before the pandemic, Con Paulos’ Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he’s got nothing new in stock, and every car, truck or SUV on order has been sold. Last month, what happened at...

Stocks were swinging between slight gains and losses on Friday, closing out what has been one of the worst weeks for financial markets in months. The S&P 500 index was up 0.3%, as of 11:20 a.m. Eastern. The Dow Jones Industrial Average was up 0.6%, with help from energy companies...

WASHINGTON — U.S. consumer spending accelerated in August amide a surge in covid-19 cases, even as soaring demand and snarled supply chains kept inflation high. Consumer spending rose 0.8% in August, up from a decline of 0.1% in July. Income rose by a smaller 0.2%, the Commerce Department reported Friday....

Foxconn Technology Group, the world’s largest electronics maker, has a deal to buy a huge auto assembly plant in Ohio from startup electric truck maker Lordstown Motors, the companies announced Thursday. The agreement stands to give Taiwan-based Foxconn, best known for making Apple iPhones, an entry into the growing electric...

Stocks on Wall Street fell broadly Thursday, closing out September with their worst monthly loss since the beginning of the pandemic. The S&P 500 ended the month 4.8% lower, its first monthly drop since January and the biggest since March 2020, when the viral outbreak rattled markets as it wreaked...

Beef prices have climbed as much as 30% since the pandemic began, and that has Lorry Denis seeing red. “It’s an outrage,” Denis said after a recent run for groceries. The Atlanta retiree said she likes a nice cut of beef on the table, “but not enough to warrant paying...

WASHINGTON — With only hours to spare, President Joe Biden on Thursday evening signed legislation that would avoid a partial federal shutdown and keep the government funded through Dec. 3. Congress had passed the bill earlier Thursday. The back-to-back votes by the Senate and then the House averted one crisis,...

WASHINGTON — Federal Reserve Chair Jerome Powell said Thursday that current high levels of inflation are likely to fade next year and won’t prevent the Fed from pushing toward its goal of full employment. Powell spoke earlier this week about “tension” between the Fed’s two goals of maximum employment and...

Those traveling along Route 28 will see a new addition to the East Deer brewery being developed as the new home of Iron City Beer. Company spokeswoman Anna Angotti said signage displaying “Pittsburgh Brewing Co.” was installed on the sprawling, 140,000-square-foot facility over the weekend. “We are making small progress...

CHESAPEAKE, Va. — Dollar Tree embedded in its very name what it stands for: Behind these doors, everything can be had for just $1. The mantra to which the Chesapeake, Va., company has held true for decades will now be only mostly true. After expanding nationwide from only a handful...

YouTube announced a wide crackdown of vaccine misinformation Wednesday that booted popular anti-vaccine influencers from its site and deleted false claims that have been made about a range of immunizations. The video-sharing platform said it will no longer allow users to baselessly speculate that approved vaccines, like the ones given...

Technology companies led a broad slide in stocks Tuesday on Wall Street, deepening the market’s September swoon. The S&P 500 fell 2%, its worst drop since May. The tech-heavy Nasdaq dropped 2.8%, its biggest drop since March. Decliners outnumbered advancers on the New York Stock Exchange 4 to 1. The...

The seven-county Pittsburgh region shed jobs and lost workers in August as the economy continues to remain far below the pre-pandemic levels in terms of jobs and those who are working or seeking work, state data shows. “There’s not much shift in the numbers. We’ve pretty much plateaued since last...

The last Kmart store in Michigan — the birthplace of the once-ubiquitous discount brand — is closing. The Kmart in Marshall, about a 20-minute drive east of Battle Creek, is preparing to shut its doors by Nov. 21 and is hiring temporary employees to help with the closing, according to...

TOKYO — Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving. The addition, announced Tuesday, follows the purchase earlier this year of CARMERA Inc., a U.S. venture that specializes...

You won’t find Facebook or Procter & Gamble in the portfolios I run. But that doesn’t mean I never think about them. Once a year in this column, I give my “buy” or “avoid” opinion on the 20 largest stocks. Here are my latest ratings, from the very largest (Apple)...

TRENTON, N.J. — Construction of a nearly 120-mile-long proposed natural gas pipeline from northeastern Pennsylvania to central New Jersey will not go forward, the group behind the project said Monday. PennEast Pipeline Company, which won a recent legal battle against New Jersey at the Supreme Court, nonetheless said the state...

Wall Street’s major stock indexes ended mixed Monday as losses by technology and health care companies outweighed gains elsewhere in the market. The S&P 500 fell 0.3% after spending much of the day essentially flat. The pullback ended a three-day winning streak for the benchmark index, which last week notched...

Instagram is putting a hold on the development of Instagram kids, geared toward children under 13, so it can address concerns about the vulnerability of younger users. Adam Mosseri, the head of Instagram, wrote in a blog post Monday that a delay will give the company time to “work with...

Pennsylvania drivers who cross onto the Ohio Turnpike notice at significant difference other than the flat terrain. There is a significantly lower per-mile cost of traversing the Buckeye State’s 241-mile turnpike versus the 550 miles in Pennsylvania. Ohio’s E-ZPass toll rate per mile for passenger vehicles is 0.058 cents, the...

Surrounded by bushels of fresh local peaches, Lori Hanscom spent an afternoon greeting truckers, commuters and vacationers from behind her fruit stand at the New Stanton rest stop along the Pennsylvania Turnpike. Her day was filled with friendly chatter about the weather, traffic and which fruits were in season. One...