Wire stories category, Page 51
NerdWallet: How to afford big-ticket items for the year
When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price....
Musk abandons deal to buy Twitter; company says it will sue
Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unraveling of the...
Wall Street ends winning week with mixed close on jobs data
Wall Street capped a winning week with a sputtering finish Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market. The S&P 500 slipped 0.1% after earlier flipping between a loss of 0.9% and a gain of 0.4%. Despite its weak finish, the benchmark index delivered just...
Sysco accuses 4 largest beef processors of price fixing
OMAHA, Neb. — The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices. Sysco recently filed a federal lawsuit in Texas accusing Tyson Foods, JBS, Cargill and National Beef of price fixing. The lawsuit said those companies...
With U.S. dollar nearly equal to euro, impact is being felt
WASHINGTON — The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as...
Average long-term U.S. mortgage rates retreat this week
WASHINGTON — Average long-term U.S. mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing rate in its ongoing battle to bring down inflation. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.30% from 5.70% last week. One year...
Amazon Prime adding free Grubhub meal delivery for members
Amazon will give its U.S. Prime members free access to meal delivery service Grubhub for a year under a deal announced Wednesday. The Grubhub Plus membership — which normally costs $9.99 per month — lets customers order from thousands of restaurants with no delivery fees on most orders. Amazon Prime...
Job openings slip, but employment landscape remains solid
WASHINGTON — U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7 million in April. Job openings reached...
Add rent to the rising costs bedeviling small businesses
NEW YORK — The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two years of the pandemic. Now, many are asking for back rent, and some are raising the current rent as well. Meanwhile, most...
World shares mostly higher ahead of U.S. holiday
BANGKOK — World shares are mostly higher. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Last week was the fourth losing week in the last five for Wall Street as investors fret over high inflation and the possibility that higher interest rates could...
Illinois town braces for future without U.S. Steel plant
GRANITE CITY, Illinois — News got around quickly in this town across the Mississippi from St. Louis: The steel mill’s death knell was sounding again, and this time, the end might really be near. At the Daylight Donuts down the street from the plant, a group of regulars relayed what...
Auto sales could hit below pandemic 2020 levels amid low inventory challenges
Low inventory levels led Cox Automotive analysts to again revise their full-year U.S. 2022 new-vehicle sales forecast downward. At a discussion Tuesday with media, analysts projected 14.4 million sales this year, below the 14.6 million sold in pandemic year 2020. Cox initially forecast 16 million sales for the year before...
U.S. Steel to make $150M investment in Minnesota operations
U.S. Steel plans to invest $150 million in a new Iron Range facility in Minnesota that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two...
CVS, Rite Aid put limits on purchase of ‘morning after’ pills after seeing sales spike
CVS Health and Rite Aid are limiting how many so-called “morning after” emergency contraceptive pills a person can buy at one time. Both agencies told NBC News that the limit is being placed because of increased demand. The demand is likely connected to the Supreme Court ruling on Friday that...
Frontier, Spirit stocks fall heading into key merger vote
Shares of Frontier Airlines and Spirit Airlines tumbled Monday after their improved merger proposal won a key endorsement just days ahead of a crucial shareholder vote. Frontier CEO Barry Biffle said Monday that he is optimistic Spirit shareholders will approve Frontier’s latest stock-and-cash offer for Spirit when they vote Thursday....
Fix the Hog: Harley, Westinghouse ordered to resolve warranties
WASHINGTON — Federal regulators have accused Harley-Davidson and Westinghouse of imposing illegal warranty terms on customers and ordered them to fix their warranties and ensure that their dealers compete fairly with independent repair-makers. The companies have imposed illegal warranty terms that voided customer warranties if they used anyone other than...
Got a savings goal? Consider forming a savings circle
A breezy January morning made the mid-30 temperatures feel even chillier. But it was an important day for the young man pushing 30 himself . He was about to face his entire family to ask for a loan to seed his new business idea. He had contributed to the family’s...
Maryland Apple workers face hurdles after vote to unionize
TOWSON, Md. — The historic vote by employees of a Maryland Apple store to unionize — a first for the technology giant — is a significant step in a lengthy process that labor experts say is heavily stacked against workers in favor of their employers. Apple store employees in a...
Housing market slows retreat from rising seas, bigger storms
Chuck and Terry Nowiski lived in their country-style farmhouse with a wrap-around porch for 36 years before it flooded. After hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy their place and tear it down. Nearly three years later, they’re still waiting for the money. What’s...
Airlines were totally unprepared when travel came roaring back
Airline and airport executives spent the past two years trying to convince everyone it’s safe to fly during a pandemic, touting reduced touch points and hospital-grade filters. Little did they know how overwhelmed they’d be once travel came roaring back. From Sydney, where passengers are waiting for hours to check...
T-shirts? Ice cream? Retailers cash in on Juneteenth
NEW YORK — Retailers and marketers have been quick to commemorate Juneteenth with an avalanche of merchandise from ice cream to T-shirts to party cups. But many are getting backlash on social media for what critics say undermines the day, designated as a federal holiday last year to honor the...
Wall Street closes worst week since 2020 with slight gain
NEW YORK — Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day of trading Friday that left it a bit higher. The S&P 500 rose 8.07 points, or 0.2%, to 3,674.84 after waffling between modest losses and gains for most of the...
GM ups price of already pricey Hummer EV
Amid rising commodity costs, General Motors is upping the price on its GMC Hummer EV pickup and SUV by $6,250 starting June 18. The base price for the Hummer EV 3X coming this fall will go from $98,400 to $104,650. The Hummer EV 2X available next spring will be $94,650,...
Canceled flights rise across U.S. as summer travel heats up
U.S. airlines canceled high numbers of flights for a second straight day on Friday as they tried to recover from storms while accommodating growing crowds of summer vacationers. By early afternoon in the eastern U.S., airlines has scrubbed more than 1,100 flights after canceling more than 1,700 on Thursday, according...
Millennial Money: Maximize your music festival savings
Attendees of this year’s Coachella music festival have posted viral videos adding up their expenses from the weekend — with costs reaching the thousands for flights, hotels, food, drinks, outfits and rideshares. Plus the ticket, which can start around $400 for a three-day pass to a popular festival like Lollapalooza...
