Wire stories category, Page 42
Southwest Airlines sending vouchers to passengers disrupted by holiday meltdown
Southwest Airlines is sending out vouchers worth as much as $300 to clean up the reputational damage from canceling more than 17,100 flights in eight days around Christmas. Dallas-based Southwest Airlines is trying to untangle a mess it made after winter weather swept across the country in the days before...
Wall Street slips in 2023 open after ending dismal year
Stocks gave up an early gain and ended lower Tuesday, a lackluster first trading day of 2023 for Wall Street just days after it closed the books on its worst year since 2008. The S&P 500 shed a 1% gain and finished 0.4% lower. The Dow Jones Industrial Average slipped...
How to prepare for your next emergency
When a power outage knocked out electricity to a multistate region in 2003, Gabriella Barthlow , a financial coach in the Detroit area, was prepared. She had enough money on hand to buy food for herself and her two young children, plus put gas in her car in case they...
At Southwest Airlines, a day of recovery after week of chaos
Southwest Airlines returned to a relatively normal flight schedule Friday, as the focus shifts to making things right with what could be well more than a million passengers who missed family connections or flights home during the holidays, and many of whom are still missing luggage. The Dallas carrier, which...
Policy, climate, war make 2022 ‘pivot year’ for clean energy
BENGALURU, India — For renewable energy companies in India, it’s a good time to be in business. One of India’s largest renewable energy firms, Renew Power, will be among the corporations big and small hoping for a piece of a $2.6 billion government scheme that encourages the domestic manufacturing of...
Applications for U.S. unemployment aid rose slightly last week
WASHINGTON — The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve’s efforts to cool the economy and hiring. Applications for unemployment aid for the week ending Dec. 24 climbed 9,000 to 225,000, the Labor Department reported Thursday....
Pain, few gains for investors as markets slumped in 2022
Investors found few, if any, places to safely put their money in 2022, as central banks in the U.S. and around the globe raised interest rates for the first time in years to fight surging inflation, stoking fear of a global recession. Uncertainty about how far the Federal Reserve and...
Stocks edge higher on Wall Street; Southwest losses mount
Stocks edged higher in morning trading on Wall Street Wednesday as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 rose 0.1% as of 10:12 a.m. Eastern. The Dow Jones Industrial Average rose 12 points, or less than 0.1%, to...
5 ways to build your credit score in 2023
You’ve got big financial plans for 2023. Maybe they include buying a home or car, or getting a new travel rewards credit card to help pay for your next trip. There’s a key piece of these plans you may not have considered: building your credit score. A better credit score...
Emails reveal Sam Bankman-Fried’s courtship of federal regulators
ALAMEDA, Calif. — Before his arrest in mid-December, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system. But now that the Commodity Futures Trading Commission, the Securities and...
Holiday sales up 7.6% despite the squeeze of inflation
NEW YORK — Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6%, a slower pace than the 8.5% increase from a year earlier when shoppers began spending...
Judge kept FTX execs’ plea deals secret to get founder to U.S.
NEW YORK — A judge agreed to a request by prosecutors to keep it secret that two of Sam Bankman-Fried’s executive associates had turned against him so that the cryptocurrency entrepreneur would agree not to fight extradition from the Bahamas to the United States, according to transcripts of plea deals...
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...
