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Wire stories category, Page 40

Pope Francis, first Latin American pontiff, dies at 88
Amazon suspends at least 50 workers after fire protest
NEW YORK — Amazon has suspended at least 50 warehouse employees who refused to work their shifts as a result of a trash compactor fire at one of its New York facilities, according to union organizers. The company suspended the workers, with pay, on Tuesday, a day after the fire...
Wall Street’s rally runs out of gas, leaving indexes lower
NEW YORK — A wobbly day of trading on Wall Street ended with stocks slightly lower Wednesday as a gangbuster two-day rally ran out of gas. Stock indexes had been in the red much of the day before briefly shifting into the green following a late-afternoon burst of buying. The...
Stocks rise in extended rally, clawing back more ground 
The Dow Jones Industrial Average climbed more than 800 points and the S&P 500 had its best day in more than two years Tuesday as the market clawed back more of the ground it lost in a miserable several weeks on Wall Street. The S&P 500 rose 3.1%, its best...
Iconic Goodwill gets serious with online for thrifters
NEW YORK — Thrifters who flock to Goodwill stores will now be able to do more of their treasure hunting online. The 120-year-old nonprofit organization on Tuesday launched GoodwillFinds, a newly incorporated shopping venture that is making roughly 100,000 donated items available for purchase online and expanding Goodwill’s internet presence...
Kim Kardashian fined $1 million by SEC over crypto promotion
The long list of celebrities promoting cryptocurrencies just got shorter. Kim Kardashian is being barred from doing so for three years — and will pay a $1 million fine — to settle federal charges that she recommended a crypto security to her 330 million Instagram followers without making clear that...
Wall Street soars to best day since summer, S&P 500 up 2.6%
NEW YORK — Wall Street soared to its best day in months Monday in a widespread relief rally after some unexpectedly weak data on the economy raised the possibility that the Federal Reserve won’t have to be so aggressive about hiking interest rates. The S&P 500’s leap of 2.6% was...
Wall Street soars to best day since summer, S&P 500 up 2.6% 
NEW YORK — Stocks on Wall Street rallied to their best day in months on Monday after falling bond yields eased some of the pressure that’s been battering markets. The S&P 500’s leap of 2.6% was its biggest since July, the latest swing for a scattershot market that’s been mostly...
Kim Kardashian settles with SEC over crypto promotion
Kim Kardashian has agreed to pay $1.26 million to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing that she’d been paid $250,000 to do so. The SEC said Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing...
Biden pledge to make federal fleet electric faces slow start
WASHINGTON — President Joe Biden, a self-described “car guy,” often promises to lead by example on climate change by moving swiftly to convert the sprawling U.S. government fleet to zero-emission electric vehicles. But efforts to eliminate gas-powered vehicles from the fleet have lagged. Biden last year directed the U.S. government...
Wall Street drops back to lowest since 2020 as fear returns
NEW YORK — Stocks fell broadly Thursday on Wall Street as worries about a possible recession and rising bond yields put the squeeze back on markets. The S&P 500 fell 2.1%, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day...
Stocks rally, bonds soar in relief after U.K. calms markets 
NEW YORK — Stocks rallied on Wall Street to their first gain in more than a week, as some calm returned to markets around the world Wednesday after the Bank of England moved forcefully to get a budding financial crisis there under control. The S&P 500 jumped 2% for its...
Biden to oil industry: Don’t raise prices as hurricane nears
WASHINGTON — President Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida’s southwest coast. “Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people,” Biden said at...
Tiny Oregon town hosts 1st wind-solar-battery ‘hybrid’ plant
PORTLAND, Ore. — A renewable energy plant being commissioned in Oregon on Wednesday that combines solar power, wind power and massive batteries to store the energy generated there is the first utility-scale plant of its kind in North America. The project, which will generate enough electricity to power a small...
Dow slips into bear market as Wall Street sells on recession fears 
The Dow Jones Industrial Average became the last of the major U.S. stock indexes to fall into what’s known as a bear market Monday as Wall Street deepened its slump amid growing fears of a global recession. The blue chip index fell 1.1%, while the S&P 500 closed 1% lower...
White House: New rule will show ‘true cost’ of plane tickets
WASHINGTON — President Joe Biden announced a new initiative Monday that would eventually allow consumers to see a more complete price on airline tickets — including baggage and change fees — before they buy, as the White House continues to search for ways to lower costs for Americans amid persistently...
The British pound has taken a tumble. What’s the impact?
LONDON — The pound is taking a pounding. The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. It’s a sign of the alarm in financial markets over new Prime Minister Liz Truss’ emergency budget measures unveiled last week aimed at jump-starting the...
Amazon to hold holiday shopping event in October
Amazon said Monday that next month it will hold a second Prime Day-like shopping event, making it the latest major retailer to offer holiday deals earlier this year to entice cautious consumers struggling with tighter budgets. During the Oct. 11-12 event, Amazon Prime members will get early access to discounted...
Airfares hit highest level in years despite falling fuel prices
LOS ANGELES — Jet fuel prices have been dropping dramatically since May, and the nation’s airlines now have more workers on staff than before the pandemic. So Americans preparing for Thanksgiving and Christmas travel should expect lower airfares and fewer delays and cancellations, right? Don’t get your hopes up. Ticket...
Global markets fall sharply on worries about rates, economy
Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes. The S&P 500 fell 2.3% in early afternoon trading, adding a dismal cap on what’s already been a rough week. It’s almost all the...
U.S. Sen. Warnock: Electric car tax credit needs ‘flexibility’
SAVANNAH, Ga. — U.S. Sen. Raphael Warnock urged the U.S. Treasury secretary Friday to use “maximum flexibility” in implementing a revised tax credit for Americans buying electric vehicles, a perk that Hyundai stands to lose as the automaker invests billions of dollars to open its first American EV plant in...
Wall Street ends lower as global central banks raise rates 
Stocks fell again Thursday, deepening Wall Street’s losses for the week, as central banks around the world hiked interest rates to fight inflation. The S&P 500 fell 0.8%, its third straight drop. The benchmark index is down about 3% so far this week. The Dow Jones Industrial Average fell 0.4%...
Average long-term mortgage rates climb to 6.29% this week
WASHINGTON — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed to 6.29%,...
Jerome Powell signals more pain to come with Fed sending rates higher 
Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected. “We have got to get inflation behind us. I wish there were a painless way...
Airbnb hosts are sick of Airbnb, too
Disgruntled Airbnb guests are taking to Twitter and TikTok to vent about everything from cleaning fees to misleading listings. But they aren’t the only ones with complaints: Airbnb hosts themselves have become increasingly disillusioned with the platform and its disrespectful guests. On message boards and Facebook groups, hosts are sharing...
Walmart to hire 40,000 mostly seasonal workers for holidays
NEW YORK — Walmart said it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers. The move, announced Wednesday, comes as the nation’s largest retailer and largest private employer said it’s in a stronger staffing position heading into the holidays than last year and is...


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