Wire stories category, Page 6
After two big weekends, the North American box office takes a hit
Neither a Jordan Peele-produced horror nor a Margot Robbie and Colin Farrell romantic drama were enough to continue the September hot streak at the movies. After back-to-back weekends that had films majorly overperforming, first “The Conjuring: Last Rights” followed by the anime “Demon Slayer: Kimetsu no Yaiba Infinity Castle,” the...
Toyota and Hyundai recall more than 1.1 million vehicles for seat belt, panel display problems
Toyota and Hyundai are recalling a combined 1.1 million vehicles because of problems with the instrument panel displays and seat belts, U.S. auto regulators said Thursday. Toyota is recalling 591,377 automobiles because the instrument panel display can fail and not show the driver critical information including vehicle speed, brake system...
Waymo’s robotaxi expansion will get a Lyft in Nashville next year
Robotaxi leader Waymo announced that its driverless vehicles will begin transporting passengers in Nashville, Tennessee, next year while heading in a new direction by teaming up with Lyft instead of its recent ride-hailing partner Uber. The Nashville plan calls for robotaxi ride requests to initially be limited to Waymo’s own...
Retail sales up 0.6% in August from July even as tariffs hurt jobs, lead to price hikes
NEW YORK — Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs start to hurt the job market and lead to price increases. Retail sales rose 0.6% last month from July, when sales were up a revised...
Warner Bros. Discovery stock jumps 29% following Ellison takeover report
Warner Bros. Discovery stock jumped more than 25% on Thursday after a report that the Larry Ellison-backed Paramount was preparing a cash bid to buy the company that owns HBO, CNN and the Warner Bros. studio. The Ellison family and RedBird Capital Partners acquired Paramount last month, and has signaled...
U.S. supply chain prices unexpectedly fell 0.1% in August
WASHINGTON — U.S. producer prices fell unexpectedly last month, dropping 0.1% from July. The Labor Department reported Wednesday that its producer price index — which captures inflation in the supply chain before it hits consumers — showed that wholesale inflation decelerated in August after advancing 0.7% in July. Wholesale services...
U.S. Steel to end steel production at Illinois plant but no layoffs
HARRISBURG — U.S. Steel will stop processing steel slabs at its Granite City Works plant in Illinois, three months after Nippon Steel sealed a deal with President Donald Trump to buy the iconic American steelmaker by giving the government a say over decisions that affect domestic steel production. U.S. Steel...
U.S. household income rose slightly last year, roughly matching 2019 level
WASHINGTON — The income for the typical U.S. household barely rose last year and essentially matched its 2019 peak, the Census Bureau said Tuesday, a stark illustration of the impact that the pandemic inflation spike had on Americans’ finances. The report also showed that the highest-earning households received healthy inflation-adjusted...
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The electric truck and sport-utility vehicle manufacturer is preparing for a challenging year in which it plans to launch a more affordable model even as it gets...
Spirit Airlines files for bankruptcy protection again
Budget carrier Spirit Airlines said Friday it has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The no-frills airline said it intends to conduct business as normal during the restructuring process, meaning passengers can continue to book trips and use their tickets, credits and loyalty...
Cracker Barrel quietly deletes Pride page, drops DEI references from website
Cracker Barrel has quietly deleted a Pride page and removed references to Diversity, Equity, Inclusion and Belonging employee resource groups from its website. The changes, first reported by CNN, follow a highly publicized decision by the Tennessee-based restaurant chain to scrap a new logo after pressure from right-wing groups. Until...
U.S. tariffs take effect on India, threatening $48.2B in exports
NEW DELHI — Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a big blow to India’s overseas trade in its largest export market. President Donald Trump had initially announced a 25% tariff on Indian goods. But earlier this month he signed an executive order imposing...
Elon Musk accuses Apple and OpenAI of stifling AI competition in antitrust lawsuit
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence. The 61-page complaint filed in Texas federal court follows through on a threat that Musk made two weeks ago when...
Southwest Airlines’ new policy will affect plus-size travelers. Here’s how
Southwest Airlines will soon require travelers who don’t fit within the armrests of their seat to pay for an extra one in advance, part of a string of recent changes the carrier is making. The new rule goes into effect Jan. 27, the same day Southwest starts assigning seats. Currently,...
European postal services suspend shipment of packages to U.S. over import tariffs
ATHENS, Greece — The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule. The exemption, known as the “de minimis” exemption, allows packages worth less than $800...
Trump trumpets deal giving US a 10% stake in downtrodden Intel
WASHINGTON — President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company’s CEO as a conflicted leader unfit for the job. “The United States...
Cracker Barrel unveils new logo as part of wider rebrand efforts, sparking ire among some online
NEW YORK — Cracker Barrel is marching forward with an ongoing makeover. And to the dismay of some fans, the chain’s new logo now ditches the barrel itself. Or rather, the drawing many have associated with Cracker Barrel over the years. The man leaning on that barrel is also gone,...
Sony hikes the price of the Playstation 5 in the U.S.
NEW YORK — Sony has raised the price of its PlayStation 5 consoles being sold in the United States by $50. “Similar to many global businesses, we continue to navigate a challenging economic environment,” Sony Global Marketing Vice President Isabelle Tomatis wrote in a blog post. “As a result, we’ve...
U.S., EU issue written framework for their trade deal, still a work in progress
BRUSSELS — U.S. President Donald Trump’s administration and European Union officials on Thursday released a bare-bones account of their trade deal that imposes a stiff 15% import tax on 70% of European goods exported to the U.S., but they left blank key areas including wine and spirits and steel and...
Nexstar Media Group buying Tegna in deal worth $6.2 billion
NEW YORK — Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, bringing together two major players in U.S. television and the country’s local news landscape. If the transaction is approved, Nexstar will pay $22 in cash for each share of Tegna’s outstanding stock. And the regulatory greenlight...
Man struck and killed on freeway after fleeing immigration agents, California official says
LOS ANGELES — A man fleeing immigration authorities outside a Home Depot store in Southern California was struck and killed by an SUV when he ran across a nearby freeway, officials said. Police in the city of Monrovia about 20 miles northeast of Los Angeles received a call Thursday about...
Producer prices surge in July as Trump tariffs push costs higherVideo
WASHINGTON — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits...
Kodak cautions on business operations but remains confident it can meet debt obligations
The more than 130-year-old Eastman Kodak Co. is cautioning on its business operations, but says it is confident it will be able to work out upcoming debt obligations. “Kodak has debt coming due within 12 months and does not have committed financing or available liquidity to meet such debt obligations...
Spirit Airlines sounds alarm on its future ability to stay in business
NEW YORK — Just five months after emerging from Chapter 11 bankruptcy protection, Spirit Airlines is warning about its future ability to stay in business. Spirit Aviation Holdings, the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern over the next...
Trump opens door for private equity and crypto as 401(k) retirement plan options
NEW YORK — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of...
