Wire stories category, Page 65

Stocks close mostly lower, but Nasdaq still inches higher

Stocks indexes on Wall Street closed mostly lower Tuesday, though solid gains by Apple, Facebook and other tech heavyweights helped nudged the Nasdaq to another all-time high. The S&P 500 slipped 0.3%, losing some ground after two straight weekly gains. Roughly 80% of companies in the benchmark index fell. Industrial...
Early stumble as El Salvador starts Bitcoin as currency

SAN SALVADOR — El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for...
Jobless Americans will have few options as benefits expireVideo

NEW YORK — Millions of jobless Americans lost their unemployment benefits on Monday, leaving only a handful of economic support programs for those who are still being hit financially by the year-and-a-half-old coronavirus pandemic. Two critical programs expired on Monday. One provided jobless aid to self-employed and gig workers and...
Electric boats making waves without the noise

The auto industry has raced ahead on an electric wave with more manufacturers joining the race seemingly every day. The boating industry has sputtered far behind, bogged down by low-horsepower engines and batteries that take up nearly half the boat. That’s in the process of changing. Bolstered by new technology,...
Stocks decline after negative jobs report, bond yields rise

Stocks were falling Friday after a critical report on U.S. hiring showed employers created far fewer jobs than expected. It gave investors pause on whether the delta variant of the coronavirus was starting to impact economic growth out of the pandemic. The S&P 500 index fell 0.1% as of 10...
U.S. hiring slows to just 235,000 jobs after 2 strong months

WASHINGTON — America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out. The August job gains the government reported Friday fell far short of...
Stocks shake off an afternoon stumble to end modestly higher

The stock market recovered from an afternoon stumble Thursday and ended with some modest gains, enough to mark more record highs for the S&P 500 and the Nasdaq composite. Investors had a fresh batch of economic data to weigh as they gauge the economic recovery, but much of the focus...
GM, Ford halt some production as chip shortage worsens

DETROIT — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the company’s top-selling...
U.S. jobless claims reach a pandemic low as hiring strengthens

WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign that the job market is steadily rebounding from the economic collapse caused by the coronavirus pandemic. Jobless claims dropped by 14,000, the Labor Department reported Thursday. The weekly count has mostly...
Stocks end with miniscule gains, enough to nudge Nasdaq to record

Stocks inched mostly higher on Wednesday, enough to nudge the Nasdaq composite index to an all-time high. Markets continue to remain quiet ahead of Friday’s jobs report and the Labor Day holiday in the United States on Monday. The S&P 500 index rose 1.41 points, less than 0.1%, to close...
S&P 500 ends August higher, its 7th straight monthly gain

A wobbly day on Wall Street ended Tuesday with major indexes slipping just below recent record highs, but the S&P 500 closed out August solidly in the green with its seventh straight monthly gain. Investors are busy trying to figure out just how much of an impact rising covid-19 cases...
Walgreens joins other retailers with starting pay boost

Walgreens will hike starting pay to $15 an hour beginning in October, as employers across the United States continue boosting wages to attract workers. The drugstore chain said Tuesday that the wage hike will take effect in phases and be completed by November 2022. It will affect workers in the...
Survey: Owners frustrated when linking phones to vehicles

Automobile quality rose last year, but glitches in pairing smartphones with infotainment systems frustrated owners more than anything, according to a large U.S. survey of auto owners. For the first time, a brand from Fiat Chrysler, now Stellantis, ranked No. 1 for having the fewest problems. Ram trucks finished first,...
Survey: 55% of Americans expect to search for a new job over the next 12 months

The coronavirus pandemic massively disrupted Americans’ working lives, and a new Bankrate survey suggests that it’s causing many of them to now re-evaluate what they want out of their careers. Most Americans (55 percent) who are either employed or looking for a job — what economists would describe as being...
Disney World will resume selling annual passes again Sept. 8

Walt Disney World will resume selling annual passes for its theme parks Sept. 8. Expect new names for the passes — which have increased in price — as well as strengthened ties to park reservations, which are staying around, the company announced Monday. The number of reservations that a passholder...
As Ida leaves Gulf, analysts foresee modest economic damage

WASHINGTON — With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be modest...

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