Wire stories category, Page 72
Stocks climb on Wall Street as appetite for risk returns
Stocks closed higher Monday on Wall Street, and the broad rally helped the S&P 500 claw back more than half of its losses over the past two weeks. The benchmark index rose 1%, led by solid gains in technology and communication companies such as Microsoft, Google’s parent company, Facebook and...
Stocks end a wobbly day mixed; S&P 500 posts a weekly loss
Wall Street racked up more losses Friday on a choppy day of trading that left the major indexes mixed and the S&P 500 with its second straight weekly decline. The S&P 500 ended 0.1% lower after having been up 0.7% in the early going. The benchmark index, which hit an...
Ford CEO says U.S. needs to regulate automated driving systems
DETROIT — The CEO of America’s second-largest auto company is calling for the federal government to set standards for fully or partially automated vehicles to tighten the safety of electronic driving systems. In urging federal regulation, Ford CEO Jim Farley becomes the highest-profile auto executive to publicly recognize a need...
Kia recalls vehicles a 2nd time, warns owners to park outside
DETROIT — Kia is recalling more than 440,000 cars and SUVs in the U.S. for a second time to fix a problem that can cause engine fires. And the automaker is telling owners to park them outdoors and away from structures because fires could happen when the engines aren’t running....
Stocks end higher on Wall Street, breaking a 3-day slump
Technology companies led broad gains for stocks on Wall Street Thursday, ending a three-day losing streak for major U.S. indexes. Investors were encouraged by the latest jobs data that showed fewer Americans filing for unemployment benefits, another sign that the economic recovery is underway. The S&P 500 gained 1.1%. The...
Stocks fall for a 3rd straight day; Bitcoin sinks after a wild ride
Wall Street racked up more losses Wednesday as the stock market pulled back for the third straight day. The broad sell-off went beyond stocks, with the price of Bitcoin and other cryptocurrencies falling sharply. The S&P 500 index dropped 0.3% after recovering from a 1.6% slide earlier in the day....
Report: Colonial confirms it paid $4.4M to pipeline hackers
The operator of the nation’s largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems, according to a report Wednesday from the Wall Street Journal. Colonial Pipeline’s CEO, Joseph Blount, told the Journal he authorized the payment after the May 7...
Airline passengers may soon get weighed before boarding flight
Passengers boarding an airplane may soon be asked to step on a scale to measure their weight before the flight, according to a report by View from the Wing. The preboarding weight check would come in order to comply with FAA rules. According to the report, the calculations airlines have...
A late drop leaves Wall Street indexes lower, led by techVideo
Stocks closed lower Tuesday on Wall Street as a late-afternoon sell-off in technology companies helped nudge stock indexes into the red for the second straight day. The S&P 500 lost 0.9%, with most of the pullback coming in the last hour of trading. Apple, Facebook and Google’s parent company all...
EU, U.S. agree to temporarily suspend tariffs in steel dispute
BRUSSELS — The European Union and the United States on Monday decided to temporarily suspend measures at the heart of a steel tariff dispute that is seen as one of the major trade issues dividing the two sides. With the decision, “we are walking the talk in our efforts to...
Stocks fall in morning trading on Wall Street as tech lags
Stocks fell in morning trading on Wall Street Monday as the market comes off of its worst weekly decline since February. Big Tech stocks were the heaviest weights pulling the major indexes lower. The sector has been responsible for big swings in either direction over the last few weeks as...
Report: Microsoft investigated Bill Gates before he left board
NEW YORK — Board members at Microsoft Corp. made a decision in 2020 that it wasn’t appropriate for its co-founder Bill Gates to continue sitting on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate, according to a report in...
Gas crunch from cyberattack intensifies in nation’s capital
Gas shortages at the pumps have spread from the South, all but emptying stations in Washington, D.C., following a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline. Though the pipeline operator paid a ransom, restoring service was taking time. As Georgia-based Colonial Pipeline reported making “substantial...
Delta will require new hires to be vaccinated against coronavirus
Delta Air Lines will require new employees to be vaccinated against covid-19 starting Monday. The airline won’t impose the same requirement on current employees, more than 60% of whom are vaccinated, a Delta spokesman said Friday. Delta has about 74,000 employees. American, United, Southwest and Alaska airlines, however, said they...
Passing on your password? Streaming services are past it
Many of us were taught to share as kids. Now streaming services ranging from Netflix to Amazon to Disney+ want us to stop. That’s the new edict from the giants of streaming media, who are hoping to discourage the common practice of sharing account passwords without alienating subscribers who’ve grown...
Stocks move higher, but are still headed for weekly losses
Stocks were solidly higher in morning trading Friday, but the market is still on track to end the week in the red after three days of steep drops earlier in the week. Investors continue to focus on the possibility of inflation as the U.S. economy recovers from the coronavirus pandemic....
Amazon seeks to hire 75,000; offers $100 to vaccinated hires
NEW YORK — Amazon is seeking to hire 75,000 people in a tight job market and is offering bonuses to attract workers, including $100 for new hires who are already vaccinated for covid-19. The jobs are for delivery and warehouse workers, who pack and ship online orders. Amazon, which already...
Stocks climb after three days of losses, led by Big TechVideo
Wall Street followed up a three-day losing streak with a broad stock market rally Thursday powered by Big Tech companies and banks. The S&P 500 notched a 1.2% gain, clawing back almost half of its loss from a day earlier, when it had its biggest one-day drop since February. Even...
Tesla to stop accepting Bitcoin for car payments
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He...
Stocks sink again on Wall Street as inflation worries mount
Inflation worries rattled Wall Street on Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and placing the major stock indexes on track for their worst week in more than six months. The selling came as investors reacted to a surprisingly big jump in inflation last month...
Wall Street opens lower led by more drops in Big Tech stocks
BANGKOK — Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower. Paris, Frankfurt, Tokyo and Hong Kong declined while Shanghai advanced. Despite reassurances from the Federal Reserve and a much weaker than expected U.S. jobs reading last week, investors have refocused on the...
Tech sell-off drags stocks lower, pulling market below highsVideo
A sell-off in technology companies dragged stocks lower Monday on Wall Street, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after wobbling between small gains and losses the first half of the day. The decline broke a three-day winning streak for the benchmark...
AGs urge Facebook to drop ‘Instagram for kids’ proposalVideo
A bipartisan group of 44 attorneys general has written to Facebook CEO Mark Zuckerberg urging him to drop company plans for a version of Instagram for children under the age of 13, Massachusetts Attorney General Maura Healey announced Monday. The attorneys general in the letter said they are concerned about...
Facebook rules are ‘shambles,’ oversight board co-chairman saysVideo
WASHINGTON — Facebook Inc.’s internal rules for banning content are a “shambles,” and the company needs to fix the process to have credibility in enforcing them, a member of the social media giant’s independent content oversight board said. The comments by Michael McConnell, the panel’s co-chairman, follow its decision last...
Breeze eases plan to rely on students as flight attendants
Breeze Airways, a start-up carrier that hopes to begin flying this spring, is giving up on a plan to hire only college students as flight attendants after the strategy failed to draw enough applicants. The airline founded by JetBlue creator David Neeleman posted a new listing for flight attendants on...
