Wire stories category, Page 68
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...
Indexes inch higher on Wall Street, preserving weekly gainsVideo
Stocks eked out modest gains Thursday on Wall Street, extending the market’s winning streak into a third day and keeping the major indexes on pace to end the week higher. The S&P 500 shrugged off a midday slide and rose 0.2%. Banks, energy companies and industrial stocks weighed on the...
Amazon’s mission: Getting a ‘key’ to your apartment building
Amazon is tired of ringing doorbells. The online shopping giant is pushing landlords around the country — sometimes with financial incentives — to give its drivers the ability to unlock apartment-building doors themselves with a mobile device. The service, dubbed Key for Business, is pitched as a way to cut...
FirstEnergy to pay $230M in settlement in Ohio bribery case
The energy giant at the center of a $60 million bribery scheme in Ohio admitted to riveting new details of its role in the conspiracy Thursday as part of a settlement agreement with federal prosecutors, including how it used secret dark money groups to fund the effort and paid a...
Biden says high inflation is temporary, but economists aren’t so sureVideo
WASHINGTON — President Joe Biden said this week that “no serious economist” is suggesting price increases could spiral out of control, as he sought to reassure Americans that the current spikes are temporary. But some nonpartisan economic experts say they see cause for concern that inflation will continue to climb...
Netflix confirms move into video games as its growth slowsVideo
SAN RAMON, Calif. — Netflix reported its worst slowdown in subscriber growth in eight years as people emerge from their pandemic cocoons. So it’s adding a new attraction to its marquee: Video games. On Tuesday, the video streaming giant announced it will offer video games in its existing subscription plans...
Stocks regain much of the ground they lost a day earlierVideo
Stocks jumped Tuesday on Wall Street, making up much of the ground they lost a day earlier when worries flared about spreading cases of the more contagious variant of covid-19. The comeback was the latest rebound following a pullback as investors continue to try and assess how badly rising infections...
Stocks skid, yields sink as coronavirus fears shake global markets
NEW YORK — Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fueled by fears that faster-spreading variants of the virus may upend the economy’s strong recovery. The S&P 500 fell 68.67, or 1.6%, to 4,258.49, after setting a record just a week earlier. In another...
AT&T inks 10-year wireless partnership with Dish Network worth at least $5 billion
Dish Network has entered into a “transformative, long-term strategic network services agreement” with Dallas-based AT&T making it the primary network partner for Dish’s mobile customers, according to a regulatory filing. As part of the agreement, Dish agreed to pay AT&T at least $5 billion for access to its wireless network...
Ben & Jerry’s to stop sales in West Bank, east Jerusalem
Ben & Jerry’s said Monday it was going to stop selling its ice cream in the Israeli-occupied West Bank and contested east Jerusalem, saying the sales in the territories sought by the Palestinians are “inconsistent with our values.” The announcement was one of the strongest and highest-profile rebukes by a...
Zoom buying Five9 in $14.7B all-stock transaction
Zoom, the videoconferencing company whose growth was supercharged by the pandemic over the past year, will buy the cloud call center company Five9 in an all-stock deal valued at about $14.7 billion. That is far greater than Zoom’s market valuation a little over two years ago when it went public...
Why are prices for groceries, gas, and used cars going up? Experts explain
A few years ago, Yvonne Ferguson-Hardin had no trouble finding a used car for her oldest daughter. This year, car shopping for her younger daughter has been harder. And stranger. One online seller never showed up to a meeting. Another was actually selling toy cars instead of real ones. Then...
Johnson & Johnson recalling sunscreens because of benzene traces
Johnson & Johnson said Wednesday that it is recalling five of its sunscreen products after some samples were found to contain low levels of benzene, a chemical that can cause cancer with repeated exposure. The affected products, packaged in aerosol cans, are Aveeno Protect + Refresh aerosol sunscreen, and four...
Stocks end a wobbly day mixed and just shy of record highs
Wall Street capped a wobbly day of trading with mixed results Wednesday, as a rally in technology stocks was kept in check by a slide in banks and energy companies. The S&P 500 eked out a 0.1% gain after recovering from an early stumble and then losing much of its...
Stocks ease below recent records as earnings reports roll in
Stocks gave up early gains and closed broadly lower Tuesday as investors weighed the latest quarterly earnings reports from big U.S. companies and new data pointing to rising inflation. The S&P 500 fell 0.4%, with most of the companies in the benchmark index losing ground. Banks, industrial stocks and companies...
Stock indexes notch more records ahead of earnings reports
Banks led stocks to modest gains Monday on Wall Street, nudging the major stock indexes to more record highs ahead of a busy week of corporate earnings reports from big U.S. companies. The S&P 500 gained 0.3% after bouncing back from an early stumble. The benchmark index, which has notched...
