Wire stories category, Page 39
Group: 1-in-5 U.S. adults will bet on this year’s Super Bowl
ATLANTIC CITY, N.J. — A record 50.4 million American adults plan to bet on this year’s Super Bowl, wagering a total of $16 billion, the gambling industry’s national trade group predicted Tuesday. The American Gaming Association forecasts that 1-in-5 American adults will place a bet on Sunday’s NFL championship game...
Super Bowl draws epic air show of private planes to Phoenix
PHOENIX — Former NFL player Jim Bob Morris is heading to the Super Bowl in Phoenix from Bloomington, Illinois, in a newly refurbished set of wheels. His ride has new paint, new seating and even a new bathroom. Morris, who played for the Green Bay Packers, Houston Oilers and was...
Fox sells out Super Bowl ads: crypto out, alcohol in
NEW YORK — The hottest ticket in town for advertisers is officially sold out. Fox said Monday that in-game ads for Super Bowl LVII have all been sold. The big game between the Kansas City Chiefs and the Philadelphia Eagles takes place on Sunday. The Super Bowl is advertising’s biggest...
Liz Weston: ‘Bridge’ your way to Social Security
Delaying the start of Social Security benefits is a powerful way for retirees to cope with inflation, survive bad investment markets and reduce the risk they’ll run short of money. The advantages of waiting are so great that financial planners often recommend their clients tap other savings, such as retirement...
Retailers try to curb theft while not angering shoppers
NEW YORK — When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children. But that experience was short...
Nostalgia sells; nostalgia with a twist can be a smash
Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will open their wallets to scratch that sentimental itch. Those oldies but goodies keep popping up today, but increasingly with a twist. Companies continue to re-release snacks, entertainment and technology that millions of people...
U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes
WASHINGTON — America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, a new half-century low. Friday’s government report added to the...
Companies pledge millions in Fed effort to stem road deaths
WASHINGTON — Nearly 50 businesses and nonprofits — including rideshare companies Uber and Lyft, industrial giant 3M and automaker Honda — are pledging millions of dollars in initiatives to stem a crisis in road fatalities under a new federal effort announced Friday. It’s part of the Department of Transportation’s “Call...
Stocks hit summer highs as Fed sees progress on inflationVideo
NEW YORK — Wall Street climbed Wednesday to its best level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss to rise 1% after Fed Chair Jerome...
Fed lifts rate by quarter-point and signals more hikes aheadVideo
WASHINGTON — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. At the same time, Chair...
U.S. consumer confidence lags as 2023 gets underway
American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of a recession loom. The Conference Board reported Tuesday that its consumer confidence index slipped to a still-optimistic 107.1 in January, down from 109 in December....
U.S. probes complaints of parts flying off of Ford Explorers
DETROIT — The U.S. government’s road safety agency is investigating complaints that windshield trim panels can fly off of Ford Explorers while they’re traveling at highway speeds. The National Highway Traffic Safety Administration says it has 164 complaints about the trim pieces detaching on 2011 through 2019 Explorer SUVs. The...
Wall Street climbs to add more to its strong JanuaryVideo
NEW YORK — Wall Street closed out a strong January with more gains on Tuesday, ahead of what many investors hope will be one of the Federal Reserve’s last hikes to interest rates for a while. Markets got a boost after a report showed that that growth for workers’ pay...
Justice Department seeks Tesla automated driving documents
The U.S. Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing. “To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla said in the filing Tuesday with the Securities and Exchange...
Millennial Money: 6 ways to move out of your parents’ house
Nearly a quarter of millennials (22%) are living with their parents, and more than half of those living with them (55%) made the move in 2022, according to a December survey from PropertyManagement.com. Many said they’re back home due to high rent, money concerns or job losses — and 9...
IMF upgrades its outlook for the global economy in 2023
WASHINGTON — The outlook for the global economy is growing slightly brighter as China eases its zero-covid policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects...
FAA adds safeguards to U.S. flight system to prevent new outages
The U.S. government has added new protections to the aviation notice system that led to thousands of disruptions earlier this month in an attempt to prevent such failures in the future, the Federal Aviation Administration told lawmakers. A federal manager must now be present anytime a contractor works with the...
Ex-Twitter execs to testify on block of Hunter Biden story
WASHINGTON — Former Twitter employees are expected to testify next week before the House Oversight Committee about the social media platform’s handling of reporting on President Joe Biden’s son, Hunter Biden. The scheduled testimony, confirmed by the committee Monday, will be the first time the three former executives will appear...
Ford cuts price on Mustang Mach-E after Tesla trims pricesVideo
DETROIT — Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production of the Mach-E this year and is taking advantage of streamlined costs to reduce prices across the board,...
Stocks sink as markets brace for big week with Fed, earnings
NEW YORK — Stocks sank Monday as Wall Street prepped for a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 dropped 1.3%, giving back some of the gains that had carried it last...
Elon Musk’s mysterious ways on display in Tesla tweet trial
SAN FRANCISCO — Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. The trial, centered on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the...
Lots of sound and fury on U.S. debt, but not a crisis — yet
WASHINGTON — For all the sound and fury about raising the nation’s debt limit, most economists say federal borrowing is not at a crisis point … at least not yet. The national debt is at the core of a dispute about how to raise the government’s legal borrowing authority, a...
House GOP seeks new restrictions on use of U.S. oil stockpile
WASHINGTON — For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat. A GOP bill approved Friday would require the government to offset any non-emergency withdrawals...
Chipotle looks to hire 15,000 amid continuing labor shortage
Restaurants are beginning the new year with a recurring problem: labor shortages. Chipotle said Thursday it’s looking to hire 15,000 people in North America to ensure its stores are staffed up ahead of its busy spring season. Other chains are also looking for workers: Taco Bell has more than 25,000...
Wall Street climbs to hit best level in nearly eight weeksVideo
NEW YORK — Stocks rose Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared. The S&P 500 climbed 1.1% to clinch its highest finish since Dec. 2. The Dow Jones Industrial Average...
