Business

Giant Eagle was named tops in corporate policies related to LGBTQ workplace quality, in part for its equitable benefits and fostering an inclusive culture, according to a national benchmarking survey. The O’Hara-based company earned a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI). “We...

LONDON — The price of silver is rallying as the online trading movement fuelling the rise of unloved shares like GameStop took a shine to the precious metal. Silver futures jumped 11% on Monday to about $30 per ounce — an eight-year high — following strong gains over the weekend....

WASHINGTON — They’ve endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects. They’ve seen the uber-rich grow richer while a pandemic threw tens of millions of people out of work and left many more isolated and vulnerable at home. Now,...

NEW YORK — Another bout of selling gripped the U.S. stock market Friday, as anxiety mounts over whether the frenzy behind a swift, meteoric rise in GameStop and a handful of other stocks will damage Wall Street overall. The S&P 500 dropped 1.9%, giving the benchmark index its biggest weekly...

Sorry, Charlie. Two Bay Area customers allege there’s something fishy with Subway’s tuna sandwiches. Karen Dhanowa and Nilima Amin of California’s Alameda County recently filed a lawsuit accusing the restaurant franchise of misrepresenting its tuna sandwich. The lawsuit, filed in U.S. District Court for the Northern District of California, alleges...

LONDON — Facebook’s quasi-independent oversight board issued its first rulings Thursday, overturning four out of five decisions by the social network to take down questionable content. The social media giant set up the oversight panel to rule on thorny issues about content on its platforms, in response to furious criticism...

Apple says it will roll out a new privacy control in the spring to prevent iPhone apps from secretly shadowing people. The delay in its anticipated rollout aims to placate Facebook and other digital services that depend on such data surveillance to help sell ads. Although Apple didn’t provide a...

Sales of new homes rose 1.6% in December after a big decline in November that was even worse than previously thought. The increase last month pushed sales of new homes to a seasonally adjusted annual rate of 842,000, the Commerce Department reported Thursday, though that was fewer than analysts had...

Stocks closed broadly higher Thursday on Wall Street, helping the market recoup some of its losses a day after its biggest pullback in nearly three months. Investors continued to closely watch the wild swings in GameStop, AMC and several other stocks which have become targets for hordes of online investors...

Stock trading app Robinhood began restricting transactions on certain stocks Thursday, following days of recent surges from GameStop and others. “We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY,...

With demand for covid-19 vaccines outpacing the world’s supplies, a frustrated public and policymakers want to know: How can we get more? A lot more. Right away. The problem: “It’s not like adding more water to the soup,” said vaccine specialist Maria Elena Bottazzi of Baylor College of Medicine. Makers...

WASHINGTON — The number of Americans applying for unemployment benefits fell but remained at a historically high 847,000 last week, a sign that layoffs keep coming as the coronavirus pandemic continues to rage. Last week’s claims dropped by 67,000, from 914,000 the week before, the Labor Department said Thursday. Before...

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%. The funds serving the financial elite are starting to walk away in defeat. Big...

NEW YORK — CBS has placed two top executives on administrative leave as it investigates charges of a hostile work environment for women and minorities at news operations in some of its largest individual stations. Peter Dunn, president of the CBS Television Stations, and David Friend, senior vice president for...

Citizens Bank, Trib Total Media and Pittsburgh Cares have named Center of Life in Pittsburgh’s Hazelwood neighborhood as a 2021 Champion in Action, an award that comes with $35,000 in funding and promotional and volunteer support. The announcement was made Wednesday at Hazelwood’s Spartan Community Center, where Center of Life...

WASHINGTON — The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic. The Fed said in a statement after its latest policy meeting that the improvement in the economy and job market...

In the David and Goliath saga surrounding the struggling retail chain GameStop, Goliath has fallen. Two Goliaths, actually. A pair of professional investment firms that placed big bets that money-losing video game retailer GameStop’s stock will crash have largely abandoned their positions. The victors: an army of smaller investors who...

Twitter has permanently banned My Pillow CEO Mike Lindell’s account after he continued to perpetuate the baseless claim that Donald Trump won the 2020 U.S. presidential election. Twitter decided to ban Lindell, who founded bedding company My Pillow, due to “repeated violations” of its civic integrity policy, a spokesperson said...

So far, this January looks the way Wall Street folklore says it should. Stock traders talk about the “January effect” and the “January barometer.” The January effect is actually a confluence of three effects. The market in general tends to rise in January. Small stocks usually do better than large....

Luxury chocolatier Godiva is closing all of its brick and mortar stores in the United States. The company will exit its 128 physical locations, some through sales and others through closures, by the end of the first quarter of 2021. Locally, Godiva has a store at Ross Park Mall in...

Carnival Cruise Line is canceling and delaying more U.S. trips with new cases of covid-19 averaging about 170,000 per day in the country amid a jumbled rollout of vaccines. Carnival’s planned seasonal service out of San Diego has been suspended until further notice, and cruises scheduled through April 2023 were...