Wire stories category, Page 42
Amazon extends the ‘Alexa, thank my driver’ campaign
After enthusiastic response earlier this month to the ” Alexa, thank my driver” campaign, Amazon is doing it again. It started yesterday, Dec. 21, so it is not clear if the 1 million rewards have yet been reached. When Amazon launched the program on Dec. 7, 1 million thank-yous -...
Holiday shopping procrastinators are back in force
NEW YORK — Last year, Lucila Gomez and her husband started their holiday shopping around Thanksgiving and wrapped it up a week before Christmas, spending $750 on tablets and clothing for their three children and relatives. This year? Gomez is waiting until she gets her annual bonus on Friday to...
Stocks slide as economic data stokes rate hike worries
Stocks closed broadly lower Thursday on Wall Street as stronger-than-expected reports on the U.S. economy stoked worries about interest rates staying high. The S&P 500 fell 1.4% after having been down as much as 2.9% earlier in the day. The pullback brings Wall Street’s main measure of health back to...
Wall Street gains ground, turning higher for the weekVideo
NEW YORK — Stocks closed broadly higher Wednesday on Wall Street and pushed major indexes into the green for the week, as investors welcomed a report showing consumer confidence is holding up better than expected. The S&P 500 and Nasdaq composite each rose 1.5%. The Dow Jones Industrial Average gained...
U.S. home sales fell in November, the 10th consecutive month
LOS ANGELES — The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell 7.7% last month from October to a seasonally adjusted annual rate of...
Musk says Twitter in precarious position, defends cost cuts
SAN FRANCISCO — Elon Musk is defending his massive cost-cutting at Twitter as necessary for the social media platform to survive next year, due in part to debt payments tied to his $44 billion takeover of the company. “This company is like, basically, you’re in a plane that is headed...
Stocks rise, bond yields jump after Japan surprises markets
NEW YORK — Stocks closed modestly higher on Wall Street, while bond markets around the world felt pain Tuesday after a surprise move from Japan’s central bank cranked up the pressure on an already slowing global economy. The S&P 500 rose 0.1% after flipping between small losses and gains in...
Postal Service pledges move to all-electric delivery fleet
WASHINGTON — In a major boost for President Joe Biden’s pledge to eliminate gas-powered vehicles from the sprawling federal fleet, the Postal Service said Tuesday it will sharply increase the number of electric-powered delivery trucks — and will go all-electric for new purchases starting in 2026. The post office said...
Is meal kit delivery still worth the cost?
Meal kit subscriptions boomed in popularity in 2020, when more people were staying home and cooking than going out to eat during the beginning of the covid-19 pandemic. Companies like HelloFresh, Blue Apron and EveryPlate catered to customers looking for healthy meals with more variety, made with pre-portioned ingredients shipped...
Amazon to make big business changes in E.U. settlement
Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. The EU’s executive Commission accepted the legally binding commitments from Amazon to resolve two...
Most dramatic stock moves of 2022 led by Meta’s nosedive
From a little-known manufacturing firm’s 13,000% rally in its U.S. stock-market debut to a flash crash across Nordic stocks, there was no shortage of dramatic moments that consumed equity investors’ focus in 2022. It was a turbulent period for global stocks amid central banks’ efforts to tamp down rampant inflation,...
Wall Street looks to rebound after 2 down weeks
Wall Street started off the week with more losses for stocks Monday, as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 fell 0.9%, with most of the sectors in the benchmark index closing in the red. The Dow Jones Industrial Average fell 0.5%...
Twitter poll closes with users voting for Musk exit as chief
Millions of Twitter users asked Elon Musk to step down as head of Twitter in a poll the billionaire created and promised to abide by. When the poll closed Monday, however, it still wasn’t clear if there would be a new leader for the social media platform, which has grown...
Journalist suspensions widen rift between Twitter and media
Elon Musk’s abrupt suspension of several journalists who cover Twitter widens a growing rift between the social media site and media organizations that have used the platform to build their audiences. Individual reporters with The New York Times, The Washington Post, CNN, Voice of America and other news agencies saw...
U.S. puts 3 dozen more Chinese companies on trade blacklist
BANGKOK — The U.S. Department of Commerce is adding 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, to an export controls blacklist, citing concerns over national security, U.S. interests and human rights. The inclusion of the companies in the trade “Entity List” means that export...
Twitter suspends journalists who wrote about owner Elon Musk
Twitter suspended the accounts of several journalists who cover the social media platform, the latest battle over what can and cannot be said on the site since billionaire Elon Musk took control of it. Accounts of reporters with The New York Times, Washington Post, CNN, Voice of America and other...
New York bans pet stores from selling cats, dogs, rabbits
ALBANY, N.Y. — New York on Thursday became the latest state to ban the sale of cats, dogs and rabbits in pet stores in an attempt to target commercial breeding operations decried by critics as “puppy mills.” The new law, which was signed by Gov. Kathy Hochul and takes effect...
Tesla stock rises despite Musk selling $3.58B of its shares
Shares of Tesla rose slightly in midday trading Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock traded at $157.06 at midday, near its two-year lows, but it was faring better than the broader markets. Musk, the...
Group casts doubt on Amazon’s claims of reducing plastic
NEW YORK — A report by environmental group Oceana has found that plastic waste from Amazon packages went up by 18% last year, but Amazon says it has reduced its use of single-use plastic across its network. According to the Oceana’s estimates, released Thursday, Amazon’s plastic waste jumped from 599...
Organic livestock farmers, hit by rising prices, seek help
WHITINGHAM, Vt. — Organic dairy and other livestock farmers are seeking emergency federal aid as they grapple with skyrocketing organic feed costs, steep fuel and utility expenses as well as the consequences of drought in many parts of the country. Two dozen U.S. senators and representatives wrote to U.S. Agriculture...
How Fed’s series of rate hikes could affect your finances
NEW YORK — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers...
Stocks stumble after Fed hikes rates, signals more to comeVideo
A bumpy day of trading on Wall Street ended with stocks broadly lower Wednesday after Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead. As expected, the central bank raised its key short-term rate by 0.50 percentage points, marking its...
Senate crypto hearing yields big claims, possible regulation
Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday. However, new legislation is potentially on the way. Sen. Elizabeth Warren announced at the hearing bipartisan legislation aimed at cracking down on cryptocurrencies being used...
Fed raises key rate by half-point and signals more to come
WASHINGTON — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But the Fed announced a smaller hike than it had in its past four meetings at a time when inflation is showing...
The problems with using buy now, pay later to fund travel
Book a flight or hotel room now, and pay it off later? It’s an increasingly common trend in travel spending. Companies like American Airlines , United Airlines and vacation rental website Vacasa now offer the option to make reservations now and pay it back incrementally over time with “buy now,...
