Wire stories category, Page 37
Sanders schedules vote to force Starbucks CEO to testify
Sen. Bernie Sanders is raising the stakes in his effort to get Starbucks’ interim CEO Howard Schultz to testify at a Senate hearing about an ongoing unionization effort at the company. Sanders, a Vermont Independent and chairman of the Senate Health, Education, Labor and Pensions Committee, said Wednesday that the...
Post office buys 9,250 electric vans, 14,000 charge stations
WASHINGTON — The U.S. Postal Service is buying 9,250 Ford Motor Co. electric vans and 14,000 charging stations as part of a move to switch its fleet to electric vehicles. The service also is buying another 9,250 internal combustion vans from Fiat Chrysler in North America, now part of Amsterdam-based...
Consumer confidence slips again in February
WASHINGTON — Consumer confidence dipped for the second month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans. The Conference Board reported Tuesday that its consumer confidence index slipped to 102.9 in February, from 106 in January. The business research group’s present situation index — which...
Pa. Chick-fil-A bans customers under 16 from dining in restaurant without adults
A Pennsylvania Chick-fil-A restaurant has banned customers within their dining room if they are under the age of 16 without an adult. The management of the Montgomery County store shared to their Facebook page that they “contemplated long and hard before posting this, but decided it was time” to limit...
Union Pacific will replace rail CEO amid hedge fund pressure
OMAHA, Neb. — Union Pacific announced plans Sunday to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership. The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that...
Stocks rise on Wall Street to break a 4-day losing streakVideo
NEW YORK — Stocks climbed Thursday after a see-saw day on Wall Street to break out of their longest losing streak since December. The S&P 500 rose 0.5% for its first gain in five days. The Dow Jones Industrial Average gained 108 points, or 0.3%, while the Nasdaq composite added...
How credit scores are evolving to improve access to credit
NEW YORK — A low credit score can hurt your ability to take out a loan, secure a good interest rate, or increase the spending limit on your credit card. Some reasons for a low score are out of your control — such as unexpected medical debt or a lack...
Stocks stall in mixed trading day after worst drop in months
NEW YORK — Stocks stalled in mixed trading on Wednesday, a day after falling to their worst loss since December, as Wall Street prepares for interest rates to stay higher for longer. The S&P 500 dipped 0.2% after drifting between small gains and losses through the day. The Dow Jones...
Microsoft brings Bing chatbot to phones after curbing quirks
Microsoft is ready to take its new Bing chatbot mainstream — less than a week after making major fixes to stop the artificially intelligent search engine from going off the rails. The company said Wednesday it is bringing the new AI technology to its Bing smartphone app, as well as...
Home Depot says it will raise pay for U.S., Canadian workers
Home Depot said Tuesday it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers. The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour in all markets. Home Depot is one...
Liz Weston: Make your credit cards less vulnerable to fraud
Last year, one of my family’s credit cards was used to rack up hundreds of dollars in bogus charges at Apple.com. Another card was compromised four times in a row, as thieves repeatedly charged merchandise and Uber rides. We ultimately got our money back, but repeated credit card fraud can...
Another disappointing inflation report thumps Wall Street
NEW YORK — Wall Street tumbled Thursday, and stocks fell by the most in four weeks as a result of more evidence that high inflation is staying stickier than expected. The S&P 500 dropped 1.4% after a report said inflation at the wholesale level slowed by less last month than...
Average long-term U.S. mortgage rate jumps to 6.32% this week
The average long-term U.S. mortgage rate jumped this week to its highest level in five weeks, bad news for home shoppers heading into the spring buying season. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate rose to 6.32% from 6.12% last week. The average...
Stocks tick higher as hopes on economy joust rate fearsVideo
NEW YORK — Stocks ticked higher Wednesday on Wall Street as hopes for a resilient economy jousted with worries about inflation following a much stronger reading than expected on U.S. retail sales. The S&P 500 rose 0.3% after swinging from early losses to gains through the day. The Dow Jones...
Fowl-free: McDonald’s debuts plant-based McNuggets
McDonald’s McNuggets are going fowl-free. The Chicago-based fast food giant is introducing plant-based McNuggets next week. Germany will be the first market to get them. McPlant Nuggets — made from peas, corn and wheat with a tempura batter — are the second product McDonald’s has co-developed with Beyond Meat, an...
Trump pick David Malpass stepping down as head of the World Bank
WASHINGTON — David Malpass is stepping down as president of the World Bank, nearly four years after former President Donald Trump nominated him to run the 189-nation agency. The anti-poverty lender said Wednesday that Malpass would be leaving by June 30. His five-year term was due to expire in April...
Wall Street ends mixed after swerving on inflation report
NEW YORK — Several sharp reversals for stocks left Wall Street mixed on Tuesday after a report showed inflation is continuing to slow, but perhaps not as quickly or as smoothly as hoped. The S&P 500 finished the day virtually where it started, edging down by less than 0.1%, after...
U.S. inflation slows to 6.4%, but price pressures re-emergeVideo
WASHINGTON — The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing. At the same time, Tuesday’s consumer price report from the government showed that inflationary pressures...
Ford to build $3.5B electric vehicle battery plant in Michigan
DETROIT — Ford Motor Co. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles. The plant, to be built on land being readied for industrial development about 100 miles west...
Stocks rally ahead of hotly anticipated inflation reportVideo
NEW YORK — Wall Street rose Monday as traders made their final moves ahead of a report that could show whether inflation is cooling in the right way or setting the market up for worse pain. The S&P 500 climbed 1.1% in anticipation of Tuesday’s report on inflation at the...
NerdWallet: Family budgeting tips that actually work
When Tom Snyder coaches people in his church about how to budget, he starts by encouraging them to track their spending. “If we don’t track, we don’t know when to stop spending,” he says. The retired engineer and financial coach in Grand Rapids, Michigan, adds that it’s easy to be...
Super Bowl ads use nostalgia, star power and light laughsVideo
NEW YORK — Advertisers bet big that viewers were turning to the Super Bowl for a comforting escape, and delivered a series of advertisements that relied on familiar celebrity faces, light humor, and plenty of cuddly dogs. This wasn’t a year for edgy humor or experimentation. After the global pandemic,...
Super Bowl ads keep it light by using nostalgia and stars
NEW YORK — Super Bowl ads are more than just breaks between gameplay during the biggest sporting event of the year: they offer a glimpse of the country’s zeitgeist, along with how major industries are faring. This year, crypto ads and automakers are advertising less since those industries are facing...
Wall Street sinks as early rally fizzles amid higher yieldsVideo
NEW YORK — Stocks dropped Thursday following another mixed set of profit reports from companies, as rising expectations for interest rates keep up the pressure on Wall Street. The S&P 500 fell 0.9%, while the Dow Jones Industrial Average lost 249 points, or 0.7%, and the Nasdaq composite sank 1%....
Liquor before beer: Spirits beat brews in new market data
LOUISVILLE, Ky. — Producers of spirits have new bragging rights in the age-old whiskey vs. beer barroom debate. New figures show that spirits surpassed beer for U.S. market-share supremacy, based on supplier revenues, a spirit industry group announced Thursday. The rise to the top for spirit-makers was fueled in part...
