Wire stories category, Page 71
Stocks end mostly higher; Wendy’s becomes latest meme stock
Major indexes closed mostly higher on Wall Street, thanks largely to gains in a handful of Big Tech companies. Small-company stocks continued to outpace the rest of the market, while investors’ attention turned to huge gains in a new batch of “meme” stocks favored by online investors, including Wendy’s and...
Stocks slip on Wall Street, pulling back from record highs
Stocks edged lower in midday trading Monday after briefly approaching the record highs they reached a month ago. The quiet opening to the week follows several choppy weeks as investors continue to gauge the economy’s recovery and the risks rising inflation. Wall Street faces a relatively light week of economic...
Maine’s blueberry crop faces climate change peril
Maine’s beloved wild blueberry fields are home to one of the most important fruit crops in New England, and scientists have found they are warming at a faster rate than the rest of the state. The warming of the blueberry fields could imperil the berries and the farmers who tend...
FBI subpoenas info on readers of news story on slain agents
The FBI issued a subpoena demanding U.S. newspaper giant Gannett provide agents with information to track down readers of a USA Today story about a suspect in a child pornography case who fatally shot two FBI agents in February. The subpoena, served on the company in April, came to light...
U.S. businesses struggle to fill jobs even as hiring picks up
Hiring in the United States picked up in May yet was slowed again by the struggles of many companies to find enough workers to keep up with the economy’s swift recovery from the pandemic recession. U.S. employers added 559,000 jobs last month, the Labor Department said Friday, an improvement from...
Facebook suspends Trump accounts for 2 years
Facebook said it is suspending former President Donald Trump’s accounts for two years following its finding that he stoked violence ahead of the deadly Jan. 6 insurrection. “At the end of this period, we will look to experts to assess whether the risk to public safety has receded. We will...
Bargain hunters pounce as Trump condo prices hit decade lows
NEW YORK — The building has stunning Manhattan skyline views, its spa offers deep-tissue massages, and the fancy restaurant off the lobby serves up prime steaks. Best of all, many apartments at the Trump World Tower are selling at a deep discount — assuming the buyer doesn’t mind the name...
Jobless claims dip below 400,000 for first time in pandemic
Applications for state unemployment insurance dipped below 400,000 for the first time during the pandemic as hiring accelerates and the economy strengthens heading into the summer months. Initial claims in regular state programs decreased by 20,000 to 385,000 in the week ended May 29, Labor Department data showed Thursday. The...
Stocks end lower on Wall Street; AMC sinks after stock saleVideo
Technology companies helped drag stocks lower on Wall Street Thursday, knocking the S&P 500 into the red for the week. The benchmark S&P 500 index dropped 0.4% and is now on track for a 0.3% weekly loss. Technology companies, whose pricey valuations make them more sensitive to inflation fears, were...
United bets on supersonic future with $3 billion Boom jet orderVideo
United Airlines is jumping into the potential market for supersonic travel with the first firm order for Boom Technology Inc.’s Overture aircraft, wagering that business flyers will pay top dollar for speedier trips across oceans. The airline will buy 15 of the supersonic jets, which are expected to carry passengers...
Stocks manage modest gains overall; AMC nearly doubles
Wall Street wrapped up another wobbly day of trading Wednesday with modest gains for the major stock indexes, as energy and technology companies kept losses elsewhere in the market in check. The benchmark S&P 500 rose 0.1% after wobbling between a gain of 0.4% and a loss of 0.1%. Strength...
Even after Bernie Madoff’s death, work to unwind epic fraud goes on
NEW YORK — Epic Ponzi scheme mastermind Bernie Madoff is dead. But the effort to untangle his web of deceit lives on. More than 12 years after Madoff confessed to running one of the biggest financial fraud in Wall Street history, a team of lawyers is still at work on...
U.S. cities to power revival in domestic travel, TripAdvisor CEO saysVideo
The United States will have a busy vacation season this summer as cities make a strong comeback, according to Stephen Kaufer, chief executive officer of TripAdvisor Inc. “Now we have a lot more activities all around the country, and it’s not just outdoors. The cities are making a very real...
Microsoft: SolarWinds hackers target 150 organizations with phishing
The state-backed Russian cyber spies behind the SolarWinds hacking campaign launched a targeted spear-phishing assault on U.S. and foreign government agencies and think tanks this week using an email marketing account of the U.S. Agency for International Development, Microsoft says. The effort targeted about 3,000 email accounts at more than...
Bank CEOs tell Congress they’ll work to avoid foreclosuresVideo
WASHINGTON — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from bitcoin to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer. The House hearing comes after senators...
Fewer Americans sign contracts to buy homes in April
SILVER SPRING, Md. — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ index of pending home sales fell 4.4% to 106.2 in April, a third straight sluggish month after nearly a year-long rebound from...
U.S. jobless claims fall to 406,000, a new pandemic low
WASHINGTON — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday’s report from the Labor Department showed that applications declined 38,000 from 444,000 a week...
Shoppers go back to stores, but retailers face challenges
NEW YORK — Americans are going back to one of their favorite past times: store shopping. With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during...
Stocks close modestly higher after choppy day on Wall Street
A choppy day of trading on Wall Street ended with stocks closing higher Wednesday, reversing much of the S&P 500’s modest pullback the day before. The benchmark index ended just under 0.2% higher after wavering between small gains and losses. Retailers and other companies that rely on consumer spending made...
New Era apologizes, pulls hats mocked on social media
NEW YORK — New Era says it pulled a lampooned line of Major League Baseball hats from its website Tuesday and is apologizing for design inaccuracies on the caps meant to pay homage to communities with big league clubs. New Era spokesman Mark Maidment said in a statement Wednesday to...
Workers return to weirder offices with moveable walls and touchless elevators
Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities around the world where the pandemic is receding. Many will find their offices transformed, too. In the challenge to make offices both covid-19-safe and attractive places to work, firms have...
Stocks give up an early gain and end lower on Wall Street
Wall Street capped a listless day of trading Tuesday with a modest pullback for the major U.S. stock indexes, giving back some of the market’s gains after a solid start to the week. The S&P 500 slipped 0.2% after spending much of the day wavering between small gains and losses....
Board fight at Exxon intensifies spotlight on climate change
NEW YORK — ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue of rising urgency for many shareholders. The investor group is pushing to replace four of the oil...
D.C. files antitrust case vs Amazon over treatment of vendors
The District of Columbia has sued Amazon, accusing the online retail giant of anticompetitive practices in its treatment of sellers on its platform. The practices have raised prices for consumers and stifled innovation and choice in the online retail market, the D.C. attorney general alleges in an antitrust suit. The...
Peloton plans to build 1st U.S. factory in Ohio, add 2K jobs
Peloton plans to spend about $400 million to build its first U.S. factory in Ohio. The exercise equipment maker said Monday that the Peloton Output Park will make the Peloton Bike, Bike+ and Peloton Tread starting in 2023. It will have more than 200 acres and more than 1 million...
