Wire stories category, Page 57
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...
Kmart is down to its last 4 stores in the country
AVENEL, N.J. — On a busy stretch of Route 35 near Rahway, N.J., one of the nation’s last Kmart stores looks like a relic from the past. Its big red K is faded and cracked. Inside this most American of retail stores, popular for K Cafe luncheonettes and Bluelight Specials,...
Stocks fall again, handing Wall Street another losing week
Stocks are closing lower on Wall Street Friday, leaving indexes with a second weekly loss in a row after another bout of turbulence shook markets. The S&P 500 fell 0.7%, the Dow Jones Industrial Average lost 0.7% and the Nasdaq fell 1.2%. Investors have been watching the latest developments in...
January home sales rise ahead of expected rate hikes
Sales of previously occupied homes rose in January as a surge in buyers with cash and others eager to avoid higher mortgage rates snapped up properties, leaving the number of available houses on the market at a record low. Existing home sales rose 6.7% last month from December to a...
Construction wraps on problem-plagued Mariner East pipeline
PHILADELPHIA — Work is finished on a multibillion-dollar pipeline system that connects the vast Marcellus Shale gas field in western Pennsylvania to an export terminal near Philadelphia, according to its corporate owner, which faces criminal charges that it fouled waterways and residential water supplies during pipeline construction. Energy Transfer said...
U.S. approves new headlights that won’t blind oncoming drivers
DETROIT — Anyone who has ever been temporarily blinded by high-beam headlights from an oncoming car will be happy to hear this. U.S. highway safety regulators are about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create...
Disney World: No more masks indoors for vaccinated visitors
ORLANDO, Fla. — Starting this week, the masks are coming off for vaccinated visitors to Walt Disney World in Florida. The theme park resort announced Tuesday that face coverings will be optional for fully-vaccinated visitors in all indoor and outdoor locations, with one exception. Face masks still will be needed...
Stocks close lower as Wall Street watches Ukraine tensions
Stocks on Wall Street shed early gains and closed broadly lower Monday as the United States moved to close its embassy in Ukraine amid heightened tensions over the thousands of Russian troops that have been amassing on the border. The S&P 500 fell 0.4% after having been down as much...
Super Bowl ads look toward the future — and the past
NEW YORK — Super Bowl advertisers this year want Americans to forget about pandemic woes and focus on the future: of electric vehicles, mind reading Alexas, robots and cryptocurrency — and also to harken back to the nostalgic past of ’90s movies like “Austin Powers” and “The Cable Guy.” The...
Why cage-free eggs becoming norm: It’s what people want
DES MOINES, Iowa — Without much fuss and even less public attention, the nation’s egg producers are in the midst of a multibillion-dollar shift to cage-free eggs that is dramatically changing the lives of millions of hens in response to new laws and demands from restaurant chains. In a decade,...
From Arnold to Zendaya, celebs pack Super Bowl adsVideo
Who is your favorite celebrity? Chances are, they’re in a Super Bowl ad this year. While Super Bowl ads usually feature a bevy of big names, this year, advertisers have gone even further. “The vast majority of ads are including big star power, from athletes to actors to chefs,” said...
Stocks rise broadly on Wall Street with more help from techVideo
Technology companies led a broad rally for stocks Wednesday on Wall Street, pushing the market further into the green for the week. The S&P 500 rose 1.5%, the Dow Jones Industrial Average gained 0.9% and the tech-heavy Nasdaq composite rose 2.1%. The indexes started off the day headed higher and...
Entertainment Weekly, InStyle and Health to go only-digital
NEW YORK — A clutch of lifestyle and pop culture magazine titles — including Entertainment Weekly, InStyle and Health — will end their print editions and go digital-only. The six magazines — also counting EatingWell, Parents and People en Español — were formerly owned by Meredith Corporation and will be...
Stocks close higher, bond yields reach pre-pandemic high
Technology companies and banks helped drive stocks higher Tuesday on Wall Street, as the market bounced back from an early slide to more than make up its losses from the day before. The S&P 500 rose 0.8% after having been down 0.4%. More than three fourths of the stocks in...
Peloton co-founder steps down after rough ride
The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company. Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over the CEO position held by John Foley, effective Wednesday. McCarthy will also...
Stocks end another up-and-down day with mixed resultsVideo
Another wobbly day on Wall Street ended Monday with an uneven finish for the major stock indexes as losses by communication and technology companies kept gains elsewhere in the market in check. The S&P 500 fell 0.4%, giving back some of its recent gains. The Dow Jones Industrial Average was...
U.S., Japan reach deal to make most steel imports tax-free
U.S. government officials said Monday that they reached an agreement to essentially lift the 25% tariff that former President Donald Trump imposed on imported Japanese steel. The deal with Japan would exclude the first 1.25 million metric tons of imported steel from the tax. That amount of steel is equal...
