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Wire stories category, Page 47

Pope Francis, first Latin American pontiff, dies at 88
Citing Russia’s war, IMF cuts global growth forecast to 3.6% 
WASHINGTON — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut...
Tech stocks rally after an early loss, leading market higher
NEW YORK — Stocks overcame a weak start and finished broadly higher Tuesday, giving the major indexes on Wall Street their best day in nearly five weeks. The S&P 500 rose 1.6%, enough to recoup almost all of its losses from last week. The Dow Jones Industrial Average rose 1.5%...
Latest apps promise fast service but can they deliver?
NEW YORK — When Mahlet Berhanemeskel gets back to her New York City home from her 90-minute commute, she doesn’t feel like cooking. So instead she orders food like BLTs, Cheez-Its and cookies from an app called Gorillas. It’s affordable and takes 10 minutes. “It’s instant gratification,” she said. Gorillas...
Twitter says poison pill makes ‘coercive’ takeover difficult
DETROIT — Twitter’s board of directors says it adopted a “poison pill” defense in order to protect the social media platform from “coercive or otherwise unfair” takeover tactics. The company announced the move Friday and provided more details in a regulatory filing early Monday. On Thursday, Tesla CEO Elon Musk...
Wall Street drifts as rate worries offset strong profits
Stocks are drifting in mixed trading Monday, as worries about interest rates and inflation keep a lid on Wall Street despite some better-than-expected profit reports. The S&P 500 was 0.2% higher, coming off its second straight week of losses. Like it, the other two major U.S. stock indexes also flipped...
Tax Day laggards: Consider filing for extension if in a rush
WASHINGTON — Millions of Americans wait until the last minute to file their taxes and this year is no exception. Monday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS will receive tens of millions of last-minute filings electronically and through paper...
FDA investigating Lucky Charms after reports of illness
The Food and Drug Administration is investigating Lucky Charms cereal after dozens of customers complained of illness after eating it. The FDA said during the weekend it has received more than 100 complaints related to Lucky Charms so far this year. “The FDA takes seriously any reports of possible adulteration...
U.S. mortgage rates hit 5% for first time since early 2011
Mortgage rates in the U.S. surged, reaching 5% for the first time in more than a decade. The average for a 30-year loan jumped from 4.72% last week, Freddie Mac said in a statement Thursday. The last time rates hit 5% was in February 2011. Borrowing costs have been soaring...
Amazon adds 5% ‘fuel and inflation surcharge’ to seller fees
Amazon is taking a step to offset its rising costs, announcing Wednesday it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant’s fulfillment services. The Seattle-based company said on its website that the added fees, which take effect April 28,...
CDC extends travel mask requirement to May 3 as covid cases rise
WASHINGTON — The Biden administration announced Wednesday that it is extending the nationwide mask requirement for airplanes and public transit for 15 days as it monitors an uptick in covid-19 cases. The Centers for Disease Control and Prevention said it was extending the order, which was set to expire on...
Yelp to cover travel expenses for workers seeking abortions
SAN FRANCISCO — Yelp will cover the travel expenses of employees who must travel out of state for abortions, joining the ranks of major employers trying to help workers affected by new restrictions in Texas and other states. The benefit announced Tuesday covers all 4,000 employees at the online review...
Westinghouse, Framatome to supply fuel to Czech nuclear plant
PRAGUE — Westinghouse Electric Co. and France’s Framatome have been selected to deliver fuel supplies for the Czech Republic’s Temelin nuclear plant, easing the country’s dependence on Russia. State-controlled power company CEZ said Tuesday that Pennsylvania-based Westinghouse and Framatome will deliver the nuclear fuel for about 15 years, starting in...
Elon Musk suggests Twitter changes, including accepting Dogecoin
As Twitter’s newest board member and largest shareholder, Elon Musk is already floating suggestions for changes he’d like to see on the social media platform. In a series of tweets late Saturday, the Tesla and SpaceX CEO said that the company should include an “authentication checkmark” as a feature of...
Amazon seeks to overturn union win, says vote was tainted
Amazon is seeking to overturn the historic union victory at one of its New York City warehouses, arguing in a legal filing Friday that union organizers and the National Labor Relations Board acted in a way that tainted the results. It now wants to redo the election. The e-commerce giant...
Musk says Tesla will build vehicle designed to be a robotaxi
Tesla will build a vehicle dedicated for use as a robotaxi, and it will start making three new vehicles next year, CEO Elon Musk told fans at a party celebrating the opening of a Texas factory. Musk didn’t give details of the robotaxi other than to say it will “look...
Walmart to pay in-house truckers up to $110,000 in tight job market
Walmart Inc. is ramping up pay for its truckers as the retailer seeks to shore up staffing amid a nationwide need for drivers. In-house truck drivers will now be able to earn between $95,000 and $110,000 in their first year at the company, a Walmart spokeswoman said Thursday. At the...
Stocks fall, yields rise as Fed details inflation efforts 
Stocks closed lower and bond yields rose Wednesday on Wall Street after details from last month’s meeting of Federal Reserve policymakers showed the central bank intends to be aggressive in its efforts to fight inflation. The S&P 500 fell 1%, adding to its losses from a day earlier. The Dow...
Fed signals more aggressive steps to fight inflation 
WASHINGTON — Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their policy meeting three weeks ago...
If your bank merges, should you shop around or stay put?
Bank mergers and acquisitions happen regularly and can lead to streamlined services and better offerings for consumers, but they can also sometimes create challenges like less access to branches or customer service difficulties. If your bank is merging or being acquired, it will probably try to make the transition process...
JetBlue makes offer for Spirit Airlines, could spark bid war
JetBlue Airways has offered to buy Spirit Airlines for about $3.6 billion and break up a plan for Spirit to merge with rival budget carrier Frontier Airlines. Spirit said Tuesday that its board will evaluate the JetBlue bid and decide what’s best for its shareholders. JetBlue offered offered $33 per...
Millennial Money: Take your money to the next level
Millennials may still feel quite young (despite those pesky gray hairs and less-than-fine lines), but in so many ways, we have adulted. So it’s time for our money management to grow up a bit, too. Your financial to-do list is small but mighty in your 20s. Setting up automatic transfers...
Stock tied to Trump social firm drops on report of turmoil
NEW YORK — Shares in a company planning to buy Donald Trump’s new social media business plunged Monday on a news report that two key staff members left, deepening losses from last week when it said it would miss a deadline to file its annual financial statements. Digital World Acquisition...
Stocks close higher, Twitter soars on news of Elon Musk stake 
Stocks shook off a downbeat start to close higher Monday, as big gains by technology and communications companies helped offset losses elsewhere on Wall Street. The S&P 500 rose 0.8% after having been down 0.2% in the early going. The Dow Jones Industrial Average rose 0.3% and the Nasdaq composite...
Airlines cancel more than 3,300 U.S. flights over weekend
Airlines have canceled more than 3,300 U.S. flights this weekend and delayed thousands more, citing weather in Florida and other issues. FlightAware, a website that tracks flights, noted major disruptions at several Florida airports, including Miami, Ft. Lauderdale and Orlando, as well as Baltimore and other airports around the country....
Amazon workers in NYC vote to unionize, a first for company
NEW YORK — Amazon workers in Staten Island, N.Y., voted to unionize on Friday, marking the first successful U.S. organizing effort in the retail giant’s history and handing an unexpected win to a nascent group that fueled the union drive. Votes were still being tabulated but union supporters secured a...


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