Wire stories category, Page 67
Weary U.S. businesses confront new round of mask mandates
Businesses large and small, from McDonald’s and Home Depot to local yoga studios, are reinstituting mask mandates as U.S. coronavirus cases rise. Bars, gyms and restaurants across the country are requiring vaccines to get inside. After a largely mask-free summer, it’s a reversal no one wanted to see, brought on...
Some praise, some doubts as Facebook rolls out a prayer tool
Facebook already asks for your thoughts. Now it wants your prayers. The social media giant has rolled out a new prayer request feature, a tool embraced by some religious leaders as a cutting-edge way to engage the faithful online. Others are eyeing it warily as they weigh its usefulness against...
United Airlines will require all U.S. employees to get the covid-19 vaccine by fall
United Airlines will require all of its U.S.-based employees get the covid-19 vaccine by this fall. Earlier this year, United CEO Scott Kirby said he wanted to make the vaccine mandatory as long as the Chicago-based airline wasn’t the only company to do so. Now, with covid-19 cases rising, United...
Stocks climb on Wall Street, notching more record highs
A broad rally on Wall Street pushed stocks higher Thursday, nudging the S&P 500 and Nasdaq indexes to record highs. The gains reversed the market’s modest losses from a day earlier. Despite a choppy week of trading, the major indexes are on pace for weekly gains. The S&P 500 rose...
Stocks slip on Wall Street, pulling S&P 500 below record
Stocks gave back some of their recent gains Wednesday after a disappointing jobs report stoked worry about the strength of the economic recovery as a highly contagious variant of the coronavirus spreads. The S&P 500 fell 0.5%, easing back from the all-time high the benchmark index set a day earlier....
Delta variant forces cancellation of New York auto show
The New York International Auto Show has become a casualty of the fast-spreading coronavirus delta variant. Show organizers said Wednesday that they’ve decided to cancel it this year, a little over two weeks before the scheduled start. The reasons are the growing spread of the variant and recent restrictions announced...
Despite chip shortage, GM posts $2.8B profit, ups guidance
DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same period in 2019, the last...
Stocks shake off a wobbly start, end higher on Wall Street
Technology and health care companies led a broad rally on Wall Street Tuesday that helped stocks overcome a wobbly start and recoup their losses from a day earlier. The S&P 500 rose 0.8% after having been down 0.3% in the early going. The gain inched the benchmark index to an...
Treasury Department’s borrowing plans assume debt-limit deal
WASHINGTON — The Treasury Department has unveiled plans to borrow $673 billion in the current quarter while employing emergency measures to keep the government from an unprecedented default on the national debt. Treasury Secretary Janet Yellen on Monday announced a new round of measures to keep the government under the...
Air travel hits another pandemic high, flight delays grow
Air travel in the U.S. is hitting new pandemic-era highs, and airlines are scrambling to keep up with the summer-vacation crowds. Despite rising numbers of coronavirus infections fueled by the delta variant, the U.S. set another recent high mark for air travel Sunday, with more than 2.2 million people going...
Stocks end mixed after starting August off on a choppy note
Stocks gave back some of their recent gains Monday after a day of choppy trading on Wall Street led the major indexes to a mixed finish. The S&P 500 slipped 0.2% in the final hour of trading after holding a slight gain for much of the afternoon. The benchmark index...
Square to buy installment payment firm Afterpay in $29B deal
Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later” option for merchants, in an all-stock deal valued at about $29 billion. Square said Sunday it has agreed to buy all of the Australian company’s shares, and that the transaction’s estimated...
Stocks slip but are still on track for 6th monthly gain
Stocks fell in morning trading on Wall Street Friday with internet retail giant Amazon weighing down major indexes following a weak sales report and forecast. The S&P 500 index fell 0.4% as of 10:20 a.m. Eastern and is on pace for a weekly loss, though still poised to finish out...
Wall Street pushes broadly higher after two days of losses
Stocks on Wall Street bounced back from a two-day slide Thursday, placing the S&P 500 on pace for its second straight weekly gain. The S&P 500 index rose 0.4%, powered by broad gains. About 77% of the stocks in the benchmark index closed higher. Technology stocks and banks made some...
German federal court sides with Lindt in gold bunny battle
A German federal court ruled Thursday that the golden shade of the foil wrap on Lindt & Spruengli’s Gold Bunny, a popular chocolate Easter bunny, enjoys protected status. The Federal Court of Justice delivered its verdict in a battle between Switzerland’s Lindt and a German company, Heilemann, which in 2018...
Robinhood makes Wall Street debut, stumbles at start
Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its shares were falling in their first day of trading. Robinhood Markets’ stock was at $36.16, as of 1 p.m. Eastern time, down 4.7% from...
Google delays return to office, mandates vaccines
SAN RAMON, Calif. — Google is postponing a return to the office for most workers until mid-October and rolling out a policy that will eventually require everyone to be vaccinated once its sprawling campuses are fully reopened. The announcement Wednesday came as the more highly contagious delta variant is driving...
Stocks end mixed after Fed notes progress on the economy
Stock indexes capped a wobbly day of trading on Wall Street with mixed results Wednesday after the Federal Reserve said it was seeing improvement in the economy, but not enough to start dialing down its support measures. The S&P 500 slipped less than 0.1% after giving up a brief afternoon...
Can Biden’s efforts lead to more American factory jobs?
MACUNGIE, Pa. — President Joe Biden hoped to connect with blue-collar workers Wednesday at a truck factory in Pennsylvania during a visit to push new “buy American” efforts and advocate for government investments and clean energy as ways to strengthen U.S. manufacturing. Biden was touring the Lehigh Valley operations facility...
Robinhood IPO asks customers to play big role as investors
LOS ANGELES — Robinhood is disrupting another stock market norm — and taking a big risk — by giving ordinary investors access to a huge slice of its initial public offering. The popular online brokerage is taking the unusual step of allowing users of its trading app to buy up...
$15 wage becoming a norm as employers struggle to fill jobs
The signs and banners are dotted along suburban commercial strips and hanging in shop windows and restaurants, evidence of a new desperation among America’s service-industry employers: “Now Hiring, $15 an hour.” It is hardly the official federal minimum wage — at $7.25, that level hasn’t been raised since 2009 —...
Weakness in tech stocks pulls Wall Street back from records
A slide in technology and consumer-oriented companies helped pull stocks lower Tuesday on Wall Street, dragging the major indexes below the record highs they set a day earlier. The S&P 500 fell 0.5%, snapping a five-day winning streak. The selling was most pronounced in technology and communication stocks, and in...
Airlines cite concerns about fuel shortages at some airports
The fuel needle is moving closer to “empty” at some U.S. airports. American Airlines says it’s running into fuel shortages at some smaller and mid-size airports, and in some cases the airline will add refueling stops or fly fuel into locations where the supply is tight. The airline said that...
Stocks shake off a wobbly start and finish slightly higher
Wall Street capped a wobbly day for stocks with modest gains Monday, nudging the major indexes further into record territory. The S&P 500 shrugged off an early slide and gained 0.2%. Consumer-oriented companies, banks and energy and communications stocks helped lift the market. Those gains were kept in check by...
GM issues 2nd Bolt recall; faulty batteries can cause fires
General Motors is recalling some older Chevrolet Bolts for a second time to fix persistent battery problems that can set the electric cars ablaze. Until repairs are done, GM says owners should park the cars outdoors, limit charging to 90% of battery capacity, and not deplete batteries below 70 miles...
