Wire stories category, Page 30
Elon Musk imposes daily limits on reading posts on Twitter
SAN FRANCISCO — Twitter owner Elon Musk has limited the number of tweets that users can view each day — restrictions he described as an attempt to prevent unauthorized scraping of potentially valuable data from the social media platform. The site is now requiring people to log on to view...
Saying strike is ‘imminent,’ UPS gets a deadline from union to come up with a better contract
Frustrated by an “appalling counterproposal” earlier this week, the head of the union representing 340,000 UPS workers said a strike is imminent and gave the shipping giant a deadline on Friday to improve its offer. The International Brotherhood of Teamsters walked away from negotiations Wednesday, demanding that UPS give its...
What is Bidenomics? President embraces moniker as campaign theme
Forty years ago, we had Reaganomics. Today, we’re hearing more and more about Bidenomics, a moniker that brands President Joe Biden’s efforts to grow the economy and jobs and fight inflation. Biden is leaning into the name as an early campaign theme of his reelection bid. But what exactly is...
National Geographic lays off all of its staff writers
National Geographic has laid off all its staff writers, leaving the venerable, award-winning magazine to be pieced together by editors and freelancers. In all, 19 editorial staffers were cut, including the small audio department at the magazine. They had been notified in April that the ax would fall, The Washington...
Home prices recover further as buyers battle for tight supply of listings
Home prices in the U.S. rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. A national gauge of prices increased 0.5% in April from March, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. The U.S. is in what’s traditionally its...
Truck startup Lordstown files for bankruptcy after Foxconn deal falls through
Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former President Donald Trump for saving automaking jobs filed for bankruptcy. The move to seek Chapter 11 protection from creditors follows a protracted dispute with iPhone maker Foxconn Technology Group over a deal to make pickup trucks for...
Lordstown Motors files for Chapter 11 bankruptcy protection
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing. In early May electronics company Foxconn wavered on a $170 million investment in Lordstown. The Ohio company said in a regulatory filing at...
Amazon is investing another $7.8B in Ohio-based cloud computing operations
COLUMBUS, Ohio — Amazon’s profitable cloud business will invest roughly $7.8 billion by the end of 2029 to expand its data center operations in central Ohio, state leaders announced Monday, further advancing the state’s efforts to establish itself as the Midwest’s technology hub. The new investments by Amazon Web Services,...
Honda recalls nearly 1.2M vehicles because of faulty rear camera image
DETROIT — Honda is recalling nearly 1.2 million vehicles in the U.S. because the rear view camera image may not appear on the dashboard screen. The recall covers certain Odyssey minivans from 2018 to 2023, as well as Pilot SUVs from 2019 to 2022 and Passport SUVs from 2019 to...
Amazon is accused of enrolling consumers into Prime without consent
NEW YORK — Amazon was sued Wednesday by Federal Trade Commission for what it called a years-long effort to enroll consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions. In a complaint filed in the U.S. District Court for the Western District...
West Virginia cash-for-worker program adds 5th destination
CHARLESTON — A program offering cash and free outdoor adventures to remote workers to move to West Virginia with the hope of offsetting population losses has added a fifth destination where out-of-state workers can apply to live. The public-private program Ascend West Virginia said Tuesday that applications are being accepted...
Millennial Money: Should you financially support adult kids?
Some parents will tell you firsthand there’s no expiration date on this raising kids gig. For some, that means they extend financial help to their kids into adulthood. When I was 21 and got into a master’s program at a college of my dreams, my mom swooped in to help...
Gannett sues Google, Alphabet claiming they have a monopoly on digital advertising
Gannett has filed a civil lawsuit against Google and its parent company Alphabet, claiming that they unlawfully hold monopolies in the advertising technology tools that publishers and advertisers use to buy and sell online ad space. The largest U.S. newspaper publisher by total daily circulation alleges in the suit that...
Amazon, Marriott and other companies vow to hire thousands of refugees in Europe
LONDON — Multinational companies including Amazon, Marriott and Hilton pledged Monday to hire more than 13,000 refugees, including Ukrainian women who have fled the war with Russia, over the next three years in Europe. Just ahead of World Refugee Day on Tuesday, more than 40 corporations say they will hire,...
Eviction filings are 50% higher than they were pre-pandemic in some cities as rents rise
ATLANTA — Entering court using a walker, a doctor’s note clutched in his hand, 70-year-old Dana Williams, who suffers serious heart problems, hypertension and asthma, pleaded to delay eviction from his two-bedroom apartment in Atlanta. Although sympathetic, the judge said state law required him to evict Williams and his 25-year-old...
Prince Harry and Meghan’s Archewell Audio and Spotify ‘mutually’ end partnership
The Duke and Duchess of Sussex’s podcasting endeavor at Spotify has come to an end. Prince Harry, and his wife, Meghan’s production company, Archewell Audio, has “mutually agreed” to part ways with the audio streaming platform, a representative for Spotify confirmed Friday. “We are proud of the series we made...
Ex-Starbucks manager awarded $25.6 million in suit over firing after 2018 arrests of 2 Black men
CAMDEN, N.J. — Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018. Shannon Phillips won $600,000 in compensatory damages and...
Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this yearVideo
WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month. The Fed’s move to...
Bud Light, top U.S. seller since 2001, loses sales crown to Modelo as backlash continues
After more than two decades as America’s best-selling beer, Bud Light has slipped into second place. Modelo Especial, a Mexican lager, overtook Bud Light in U.S. retail dollar sales in the month ending June 3, according to Nielsen data analyzed by Bump Williams Consulting. Modelo controlled 8.4% of U.S. grocery,...
It might seem tempting to not pay your student loans. Here’s why that’s a bad idea
NEW YORK — After three years, the pandemic-era freeze on student loan payments will end in late August. It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits. More than...
Amazon says AWS is operating normally after outage that left publishers unable to operate websites
SEATTLE — Amazon’s cloud computing unit Amazon Web Services experienced an outage on Tuesday, affecting publishers that suddenly found themselves unable to operate their sites. The company said on its website that the root cause of the issue was tied to a service called AWS Lambda, which lets customers run...
Consumer price growth slowed last month as inflation shows signs of steady declineVideo
WASHINGTON — Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation. At the same time, some measures of underlying price pressures remained high. Measured year over year, inflation slowed to just 4% in May...
Check fraud cases escalate dramatically — Americans warned against mailing checks
NEW YORK — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether. Banks issued roughly 680,000 reports of check fraud to the Financial...
Wall Street rises, S&P 500 hits highest level in more than a yearVideo
NEW YORK — Wall Street climbed Monday ahead of a big week for central banks around the world, vaulting the S&P 500 to its highest level in more than a year. The benchmark index rose 40.07 points, or 0.9%, to 4,338.93 and its highest close since April 2022. The Dow...
Bulls run again on Wall Street as S&P 500 climbs 20% above October lowVideo
NEW YORK — Stocks rose just enough Thursday for Wall Street to barrel into a new bull market as the S&P 500 keeps rallying off its low from last autumn. The index rose 0.6% to carry it 20% above a bottom hit in October. That means Wall Street’s main measure...
