Wire stories category, Page 97
All Starbucks in U.S., Canada shift to takeout-only model
All Starbucks locations in the U.S. and Canada will be moving to a “to go” only model as it works to help slow the spread of covid-19, the company announced Sunday night. Seating will be suspended in the coffee shops, but takeout orders will still be accepted through the Starbucks...
Stock futures sink after rate cut, new coronavirus restrictions
NEW YORK — U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak. Futures for the S&P 500 fell 5% Sunday night and...
Fed slashes rate to near zero, eases lending rules
WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects...
Courts slow opening of public lands to oil, gas drilling
WASHINGTON — Soon after President Trump took office, the rush to open millions of acres of federal land to oil and gas drilling was on. Under pressure from industry, the number of acres offered for lease shot up, the time it took to process a permit application dropped and lease...
Census faces challenges as it aims to hire up to 500,000
ORLANDO, Fla. — The U.S. Census Bureau said it has reached its goal of recruiting more than 2.6 million applicants for the once-a-decade head count that launched for most of America this week — but it has been a bumpy road getting there. The nation’s abundance of jobs has complicated...
Pentagon reconsiders Microsoft contract after Amazon protest
WASHINGTON — The Pentagon is reconsidering its awarding of a major cloud computing contract to Microsoft after rival tech giant Amazon protested what it called a flawed bidding process. U.S. government lawyers said in a court filing this week that the Defense Department “wishes to reconsider its award decision” and...
No fans, no work: Arena workers caught in sports shutdown
MIAMI — David Edelman can usually be found at a Denver Nuggets basketball game or a Colorado Rapids soccer game. As an usher, he interacts with fans in a role he calls a staple of his life. But there are no Nuggets games for at least a month. No Rapids...
Stocks surge on new coronavirus measures; Dow up 1,985 points
NEW YORK — Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency. The Dow’s...
Starbucks stores may go drive-thru only or limit seating because of coronavirus
Some Starbucks stores in the U.S. and Canada may become drive-thru only while others could limit the number of people allowed inside, the company said, one day after the World Health Organization declared the outbreak of coronavirus a pandemic. “As a last resort, we will close a store if we...
Stock market endures biggest drop since crash of 1987
NEW YORK — The stock market had its biggest drop since the Black Monday crash of 1987 Thursday as fears of economic fallout from the coronavirus crisis deepened. The sell-off, which sent the Dow industrials down 10%, came despite supportive steps from the Federal Reserve and the European Central Bank....
Millennial Money: How to handle, and head off, a tax bill
Tax season can be a windfall or a wipeout for your budget. Which camp you fall into likely depends on whether you get a refund — or a tax bill — from the IRS. If you find that you owe taxes, you’re not alone. Over 23 million Americans owed the...
Panda and poke: Restaurant trademarks can stir legal fights
GILBERT, Ariz. — When picking a name for their Asian-Mexican fusion restaurant in suburban Phoenix, Paul and Nicole Fan settled on “Panda Libre,” hoping the mix of China’s iconic bear and the Spanish word for “free” would signal to customers the type of cuisine it offered. That decision could cost...
Agency says working conditions improve in Thai seafood sector
BANGKOK — A report issued Tuesday by the U.N.’s International Labor Organization credits Thailand with improving working conditions in the fishing and seafood processing industry, but says that serious abuses including forced labor remain. The report is a follow-up to one published in 2018, and compares the workers situations from...
Dow tumbles into bear market as coronavirus fears intensify
NEW YORK — Stocks careened lower Wednesday, with the Dow Jones industrials sinking more than 1,400 points, as investors became more fearful that the Trump administration and other global governments won’t be able to prevent the coronavirus outbreak from doing significant damage to the worldwide economy. The Dow’s loss dragged...
Dow surges 4.9% in another wild day on hopes for coronavirus aidVideo
NEW YORK — Stocks on Tuesday recouped most of their historic losses from the prior day as hopes rose, faded and then bloomed again on Wall Street that the U.S. government will try to cushion the economic pain from the coronavirus. The S&P 500 surged as much as 3.7% in...
Airlines slash flights, freeze hiring as virus cuts travel
Airlines are slashing flights and freezing hiring as they experience a sharp drop in bookings and a rise in cancellations in the face of the spreading coronavirus. Delta Air Lines said Tuesday that travel demand has fallen so badly in the past week that it expects one-third of seats to...
Twitter in deal with Silver Lake, Elliott; Jack Dorsey still CEO
Twitter says it’s reached an investment deal with Silver Lake and Elliott Management that will keep Jack Dorsey as the social media company’s CEO. Twitter Inc. said Monday that Silver Lake will make a $1 billion investment in the company. That money, along with cash on hand, is expected to...
Oil plunges 25% as another virus-fueled trading week begins
NEW YORK — Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by covid-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $11.44, or 25.3%, to $33.83 per barrel in electronic trading in London. Benchmark U.S. crude...
Congressional panel says Boeing has ‘culture of concealment’
A congressional committee investigating Boeing said Friday that a “culture of concealment” at the company and poor oversight by federal regulators contributed to two deadly crashes involving the grounded 737 Max. The committee’s Democrats said multiple factors led to the crashes, but it homed in on a new flight-control system...
Bond yields sink, stocks fall as investors demand safety
NEW YORK — A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday. After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the last hour of trading amid hints from Federal Reserve...
U.S. job market looked robust before coronavirus outbreak escalated
WASHINGTON — Hiring in the United States jumped in February as employers added 273,000 positions, evidence that the job market was in strong shape before the coronavirus began to sweep through the nation. The Labor Department said Friday that the unemployment rate fell to 3.5% last month, matching a 50-year...
Looking for next-level amenities with your rental? How about a rooftop farm?
MINNEAPOLIS — Apartment developers in the Twin Cities are accustomed to ginning up out-of-the-box amenities aimed at wooing renters and setting themselves apart in an increasingly competitive market. That includes decked-out dog spas, catering kitchens and refrigerated drop boxes for package delivery. Twin Cities-based Newport Midwest hopes to offer something...
Virus fears grip markets again; stocks and bond yields plungeVideo
NEW YORK — Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It’s the latest shudder in Wall Street’s wildest week in more than eight years. Major U.S. indexes lost roughly 3.5%, and Treasury yields touched more record lows in their...
Stocks soar on plans for more stimulus measures, Biden wins
The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday on hopes that governments and central banks around the world will take more forceful measures to fight the virus outbreak. The gains more than recouped the market’s big losses from a day ealier as Wall Street’s wild,...
Doctors try 1st CRISPR editing in the body for blindness
Scientists say they have used the gene editing tool CRISPR inside someone’s body for the first time, a new frontier for efforts to operate on DNA, the chemical code of life, to treat diseases. A patient recently had it done at the Casey Eye Institute at Oregon Health & Science...
