Wire stories category, Page 55
Elon Musk suggests Twitter changes, including accepting Dogecoin
As Twitter’s newest board member and largest shareholder, Elon Musk is already floating suggestions for changes he’d like to see on the social media platform. In a series of tweets late Saturday, the Tesla and SpaceX CEO said that the company should include an “authentication checkmark” as a feature of...
Amazon seeks to overturn union win, says vote was tainted
Amazon is seeking to overturn the historic union victory at one of its New York City warehouses, arguing in a legal filing Friday that union organizers and the National Labor Relations Board acted in a way that tainted the results. It now wants to redo the election. The e-commerce giant...
Musk says Tesla will build vehicle designed to be a robotaxi
Tesla will build a vehicle dedicated for use as a robotaxi, and it will start making three new vehicles next year, CEO Elon Musk told fans at a party celebrating the opening of a Texas factory. Musk didn’t give details of the robotaxi other than to say it will “look...
Walmart to pay in-house truckers up to $110,000 in tight job market
Walmart Inc. is ramping up pay for its truckers as the retailer seeks to shore up staffing amid a nationwide need for drivers. In-house truck drivers will now be able to earn between $95,000 and $110,000 in their first year at the company, a Walmart spokeswoman said Thursday. At the...
Stocks fall, yields rise as Fed details inflation effortsVideo
Stocks closed lower and bond yields rose Wednesday on Wall Street after details from last month’s meeting of Federal Reserve policymakers showed the central bank intends to be aggressive in its efforts to fight inflation. The S&P 500 fell 1%, adding to its losses from a day earlier. The Dow...
Fed signals more aggressive steps to fight inflationVideo
WASHINGTON — Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their policy meeting three weeks ago...
If your bank merges, should you shop around or stay put?
Bank mergers and acquisitions happen regularly and can lead to streamlined services and better offerings for consumers, but they can also sometimes create challenges like less access to branches or customer service difficulties. If your bank is merging or being acquired, it will probably try to make the transition process...
JetBlue makes offer for Spirit Airlines, could spark bid war
JetBlue Airways has offered to buy Spirit Airlines for about $3.6 billion and break up a plan for Spirit to merge with rival budget carrier Frontier Airlines. Spirit said Tuesday that its board will evaluate the JetBlue bid and decide what’s best for its shareholders. JetBlue offered offered $33 per...
Millennial Money: Take your money to the next level
Millennials may still feel quite young (despite those pesky gray hairs and less-than-fine lines), but in so many ways, we have adulted. So it’s time for our money management to grow up a bit, too. Your financial to-do list is small but mighty in your 20s. Setting up automatic transfers...
Stock tied to Trump social firm drops on report of turmoil
NEW YORK — Shares in a company planning to buy Donald Trump’s new social media business plunged Monday on a news report that two key staff members left, deepening losses from last week when it said it would miss a deadline to file its annual financial statements. Digital World Acquisition...
Stocks close higher, Twitter soars on news of Elon Musk stakeVideo
Stocks shook off a downbeat start to close higher Monday, as big gains by technology and communications companies helped offset losses elsewhere on Wall Street. The S&P 500 rose 0.8% after having been down 0.2% in the early going. The Dow Jones Industrial Average rose 0.3% and the Nasdaq composite...
Airlines cancel more than 3,300 U.S. flights over weekend
Airlines have canceled more than 3,300 U.S. flights this weekend and delayed thousands more, citing weather in Florida and other issues. FlightAware, a website that tracks flights, noted major disruptions at several Florida airports, including Miami, Ft. Lauderdale and Orlando, as well as Baltimore and other airports around the country....
Amazon workers in NYC vote to unionize, a first for company
NEW YORK — Amazon workers in Staten Island, N.Y., voted to unionize on Friday, marking the first successful U.S. organizing effort in the retail giant’s history and handing an unexpected win to a nascent group that fueled the union drive. Votes were still being tabulated but union supporters secured a...
Stocks end lower, ending market’s worst quarter in 2 yearsVideo
A late burst of selling left stocks broadly lower Thursday on Wall Street, as the market closed out its worst quarter since the pandemic broke out two years ago. Despite posting a 3.6% gain for March, a dismal January and February left U.S. indexes lower for the year to date....
WVU nonprofit arm takes over shuttered plant, tenants sought
CHARLESTON, W.Va. — A nonprofit arm of West Virginia University took ownership of a shuttered pharmaceutical plant Thursday with the goal of improving area job and education opportunities. WVU Medicine will work with the university through the WVU Innovation Corp. to oversee the 1.1-million-square-foot facility in Morgantown. Discussions with potential...
Got a dime? Businesses seek Treasury help with coin shortage
WASHINGTON — Got a dime you can spare? Coins are in short supply. Again. Retailers, laundromats and other businesses that rely on coins want Americans to empty their piggy banks and look under couch cushions for extra change and “get coin moving.” A group of trade associations that represent individual...
Facebook resorts to old smear tactics against TikTok
WASHINGTON — Eleven years ago, Facebook was caught red-handed after it hired a prominent public relations firm to try to plant stories harshly criticizing Google’s privacy practices in leading news outlets. In 2018, it hired the PR firm Definers to do opposition research on the company’s critics, including billionaire philanthropist...
Stocks fall, breaking a 4-day winning streak on Wall Street
Technology companies led stocks lower Wednesday on Wall Street, ending a four-day winning streak for the market, after an economic report stoked worries about the health of the economy. The S&P 500 fell 0.6% after having been down nearly 1.1% at one point. The Dow Jones Industrial Average slipped 0.2%,...
Wall Street builds on gains as talks on Ukraine progress
Stocks notched more gains Tuesday on Wall Street as investors welcomed encouraging economic data and as talks on ending the war in Ukraine showed signs of progress. The S&P 500 rose 1.2%, its fourth straight gain. The Dow Jones Industrial Average ended 1% higher and the Nasdaq composite climbed 1.8%....
Walmart to end cigarette sales in some stores
NEW YORK — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were on the list, citing...
Liz Weston: 3 tasks for new retirees that will pay off later
After a working lifetime of alarm clocks and meetings, you might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for a better retirement. The following assumes you’ve already done some basic financial...
Amazon tries to stave off union drive on 2 fronts
Amazon is gearing up for its toughest labor fight yet, with two separate union elections coming to a head as soon as next week that could provide further momentum to the recent wave of organizing efforts across the country. Warehouse workers in Staten Island, N.Y., and Bessemer, Ala., will determine...
Stocks close higher as choppy trading persists, oil slips
Technology companies led a broad rally for stocks Thursday on Wall Street, reversing most of the major indexes’ losses from a day earlier and extending the market’s recent run of uneven trading. The S&P 500 rose 1.4%, more than making up for its pullback a day earlier. More than 85%...
USPS doubles number of EV delivery trucks in initial order
One in five of the first batch of next-generation U.S. Postal Service delivery vehicles will be electric-powered, officials said Thursday. The Postal Service formally placed its initial $2.98 billion order for 50,000 vehicles with at least 10,019 of them being battery-electric vehicles. That represents a doubling of electric vehicles from...
U.S. agrees to lift taxes on British steel, aluminum
The United States has agreed to lift tariffs on British steel and aluminum, mending a rift between allies that dates back to the Trump administration. At a meeting Tuesday in Baltimore, the U.S. and the U.K. announced a deal that would remove taxes on British steel and aluminum that comes...
