Wire stories category, Page 56
John Dorfman: Intel’s CEO bought his own stock – should you?
Semiconductor chips are a strategic commodity. For the past few years, people have been saying that Intel Corp. (INTC) is at a disadvantage because most of its fabs (fabrication plants) are in the U.S. Chips can be produced more cheaply in Asia. Based in Santa Clara, Calif., Intel is the...
Stocks sway lower and crude oil slides to $100 per barrel
Stocks lost more ground, crude oil prices fell and bond yields rose sharply Monday as anxiety over the war in Ukraine and an upcoming Federal Reserve meeting on interest rates keep global financial markets on edge. The S&P 500 gave up an early gain and closed 0.7% lower after another...
Stocks slip on Wall Street as oil and inflation worries rise
Stocks slipped on Wall Street Thursday as global markets remain choppy amid uncertainty about where inflation, interest rates and the global economy are heading. The S&P 500 slumped 1.2% in morning trading, on pace for its fifth drop in the last six days. It marks another reversal for U.S. stocks,...
Black and lower-income homeowners missed out on the refinancing boom spurred by low interest rates
Mortgage interest rates have dropped to historic lows in the last couple of years, presenting many homeowners the chance to save money by refinancing their loans — an opportunity that Black and low-income homeowners haven’t been able to enjoy because of various barriers. According to a report released this month...
McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia
DETROIT — McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric — ubiquitous global brands and symbols of U.S. corporate might — all announced Tuesday they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine. “Our values mean we cannot ignore the needless human suffering unfolding...
EPA rule would make heavy trucks cut smog, soot pollution
DETROIT — The Biden administration is proposing stronger pollution regulations for new tractor-trailer rigs that would clean up smoky diesel engines and encourage new technologies during the next two decades. The proposal released Monday by the Environmental Protection Agency would require the industry to cut smog-and-soot-forming nitrogen oxide emissions by...
Realtors to conservatives living in liberal areas: Try Idaho
SANDPOINT, Idaho — Linda Navarre moved to Sandpoint, Idaho, from Cleveland in 1978, when the town consisted of people in the timber industry and hippies “and they all got along.” Now she barely recognizes the small resort community near the Canadian border that is quickly growing as people disenchanted with...
Kohl’s to open 100 small-format stores, expand Sephora shops
Department store chain Kohl’s said it expects to increase sales by a low-single-digit percentage annually, with plans to open 100 new small-format stores in the next four years and expand Sephora-branded shops to 850, among other moves. Kohl’s announced its long-term goals on Monday ahead of the company’s annual investor...
New offices for the hybrid era? Many companies are on board
OMAHA, Neb. — If you build a shiny new office building, will your employees show up to work in it? Many U.S. companies are banking on it because they believe working in person is better for collaboration and training young employees. So even though most employees are still working from...
China cuts economic growth goal as it tries to reverse slump
China on Saturday cut its annual economic growth target to its lowest level in decades as Beijing struggles to reverse a slump at a time when Russia’s war on Ukraine is pushing up oil prices and roiling the global economy. The ruling Communist Party will aim for growth of “around...
Microsoft closes on $16 billion acquisition of Nuance
Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft Corp. get more entrenched into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. The acquisition is Microsoft’s second-largest after its...
Russia’s war spurs corporate exodus, exposes business risks
LONDON — Car factories idled, beer stopped flowing, furniture and fashion orders ceased, and energy companies cut their pipelines. Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Mercedes-Benz and BP — to pull...
Stocks end another bumpy day lower and crude oil prices ease
NEW YORK — Stocks fell and oil prices eased back Thursday after another bumpy day of trading on Wall Street as markets remained anxious about the broader impact of Russia’s invasion of Ukraine. Major indexes veered up and down for much of the day before a late-day slide pushed them...
Amazon to close all its bookstores in the U.S., United Kingdom
NEW YORK — Amazon is confirming it’s closing all of its bookstores as well as its 4-star shops and pop up locations as the online behemoth reworks its physical footprint. The Seattle-based company said Wednesday that the move, which affects 66 stores in the U.S. and two in the United...
Wall Street roars back to rally mode, even as oil rises anew
NEW YORK — Wall Street took another sharp swing Wednesday, this time back to rally mode, as stocks and Treasury yields rose even as U.S. crude oil prices climbed to the highest level in more than a decade. The S&P 500 rose 1.9%, recouping its losses from earlier in the...
Millennial Money: Viral savings challenges that pay off
Among the different ways to trick yourself into saving, money-saving challenges are some of the most engaging. They can help you feel connected to finances by requiring frequent check-ins and debunking feelings of inadequacy when it comes to saving. For Cristina Brown, a self-described savings-challenge designer and founder of the...
Swings return to Wall Street, oil up after Russia sanctions
NEW YORK — Markets quivered Monday amid worries about how high oil prices will go and how badly the global economy will get hit after the United States and allies upped the financial pressure on Russia for its invasion of Ukraine. Stocks swung up and down several times, leaving the...
BP exiting stake in Russian oil and gas company Rosneft
BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine. BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at $14 billion. London-based BP also said its CEO, Bernard Looney,...
Potent protest: Bars drop Russian vodka, promote Ukraine’s
Some bars and liquor stores think they’ve found a potent way to punish Russia for invading Ukraine: They’re pulling Russian vodka off their shelves and promoting Ukrainian brands instead. “I woke up yesterday morning, and I saw that Russia had invaded Ukraine. You wonder what you can do,” said Bob...
How joining the Great Resignation could hamper homebuying plans
If you joined the Great Resignation in the last year, you may have found it even harder to compete in the already wild pandemic housing market. A record number of Americans quit their jobs in 2021, according to the Bureau of Labor Statistics, and while it was a liberating experience...
How much will the Fed raise interest rates in 2022? Here’s what experts are saying
Consumers may soon see the most aggressive Federal Reserve in decades. Expectations are growing that the U.S. central bank will hike interest rates this year by the most since 2005. How much depends on who you ask: Goldman Sachs is penciling in seven increases, while traders are betting on at...
Wall Street reels, then recovers after invasion of Ukraine
NEW YORK — Markets swung wildly Thursday as the world reacted to Russia’s invasion of Ukraine. Stocks in Europe fell sharply, while stocks in the U.S. recovered from early losses after President Joe Biden stopped short of implementing the steepest possible sanctions against Russia. The S&P 500 rallied 1.5% after...
Wall Street losses mount amid simmering Ukraine crisis
NEW YORK — Wall Street’s losses mounted Wednesday as world leaders waited to see if Russian President Vladimir Putin orders troops deeper into Ukraine. The S&P 500 fell 1.8% to an 8-month low, deepening the benchmark index’s “correction,” or a loss of 10% from its recent peak. More than 85%...
If your life changed in 2021, watch for income tax surprises
The events of 2021 didn’t always play out as expected. A lingering pandemic, a shifting government response and a wave of career moves meant many people ended the year in a far different place from where they began. Now, as the income tax filing deadline approaches, those life changes may...
Stocks slide further amid Ukraine crisis; S&P in correctionVideo
NEW YORK — Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions. The rising geopolitical tensions kept financial markets on edge, pulling the S&P 500 into a correction — Wall Street speak for a drop...
