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Wire stories category, Page 48

Pope Francis, first Latin American pontiff, dies at 88
Stocks end lower, ending market’s worst quarter in 2 years 
A late burst of selling left stocks broadly lower Thursday on Wall Street, as the market closed out its worst quarter since the pandemic broke out two years ago. Despite posting a 3.6% gain for March, a dismal January and February left U.S. indexes lower for the year to date....
WVU nonprofit arm takes over shuttered plant, tenants sought
CHARLESTON, W.Va. — A nonprofit arm of West Virginia University took ownership of a shuttered pharmaceutical plant Thursday with the goal of improving area job and education opportunities. WVU Medicine will work with the university through the WVU Innovation Corp. to oversee the 1.1-million-square-foot facility in Morgantown. Discussions with potential...
Got a dime? Businesses seek Treasury help with coin shortage
WASHINGTON — Got a dime you can spare? Coins are in short supply. Again. Retailers, laundromats and other businesses that rely on coins want Americans to empty their piggy banks and look under couch cushions for extra change and “get coin moving.” A group of trade associations that represent individual...
Facebook resorts to old smear tactics against TikTok
WASHINGTON — Eleven years ago, Facebook was caught red-handed after it hired a prominent public relations firm to try to plant stories harshly criticizing Google’s privacy practices in leading news outlets. In 2018, it hired the PR firm Definers to do opposition research on the company’s critics, including billionaire philanthropist...
Stocks fall, breaking a 4-day winning streak on Wall Street
Technology companies led stocks lower Wednesday on Wall Street, ending a four-day winning streak for the market, after an economic report stoked worries about the health of the economy. The S&P 500 fell 0.6% after having been down nearly 1.1% at one point. The Dow Jones Industrial Average slipped 0.2%,...
Wall Street builds on gains as talks on Ukraine progress
Stocks notched more gains Tuesday on Wall Street as investors welcomed encouraging economic data and as talks on ending the war in Ukraine showed signs of progress. The S&P 500 rose 1.2%, its fourth straight gain. The Dow Jones Industrial Average ended 1% higher and the Nasdaq composite climbed 1.8%....
Walmart to end cigarette sales in some stores
NEW YORK — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were on the list, citing...
Liz Weston: 3 tasks for new retirees that will pay off later
After a working lifetime of alarm clocks and meetings, you might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for a better retirement. The following assumes you’ve already done some basic financial...
Amazon tries to stave off union drive on 2 fronts
Amazon is gearing up for its toughest labor fight yet, with two separate union elections coming to a head as soon as next week that could provide further momentum to the recent wave of organizing efforts across the country. Warehouse workers in Staten Island, N.Y., and Bessemer, Ala., will determine...
Stocks close higher as choppy trading persists, oil slips
Technology companies led a broad rally for stocks Thursday on Wall Street, reversing most of the major indexes’ losses from a day earlier and extending the market’s recent run of uneven trading. The S&P 500 rose 1.4%, more than making up for its pullback a day earlier. More than 85%...
USPS doubles number of EV delivery trucks in initial order
One in five of the first batch of next-generation U.S. Postal Service delivery vehicles will be electric-powered, officials said Thursday. The Postal Service formally placed its initial $2.98 billion order for 50,000 vehicles with at least 10,019 of them being battery-electric vehicles. That represents a doubling of electric vehicles from...
U.S. agrees to lift taxes on British steel, aluminum
The United States has agreed to lift tariffs on British steel and aluminum, mending a rift between allies that dates back to the Trump administration. At a meeting Tuesday in Baltimore, the U.S. and the U.K. announced a deal that would remove taxes on British steel and aluminum that comes...
Tesla opens ‘Gigafactory’ near Berlin, its 1st in Europe
Electric car manufacturer Tesla is opening its first European factory Tuesday on the outskirts of Berlin in an effort to challenge German automakers on their home turf. The company says its new “Gigafactory” will employ 12,000 people and produce 500,000 vehicles a year. German Chancellor Olaf Scholz and Economy Minister...
Stocks turn lower on Wall Street after best week since 2020
Stocks capped a day of choppy trading on Wall Street with a modestly lower finish Monday, giving back some of their recent gains after the major indexes notched their best week in more than a year. The S&P 500 slipped less than 0.1% after giving up an early gain and...
Liz Weston: How to keep your tax return from getting hung up
There may never be a good time to draw the IRS’ attention, but this year you really want to avoid extra scrutiny. The IRS is so understaffed and overwhelmed that even a tiny mistake could delay your refund for months. A return that requires “manual processing” — basically, any action...
Labor foe Howard Schultz returns as Starbucks union effort grows
From the time he bought Starbucks in 1987 to the time he stepped down as chairman in 2018, Howard Schultz consistently — and successfully — fought attempts to unionize Starbucks’ U.S. stores and roasting plants. But Schultz — who was recently named Starbucks’ interim chief executive — never confronted a...
Average U.S. mortgage rates rise; 30-year loan breaches 4%
WASHINGTON — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. The increase came amid expectations that with inflation at a four-decade high, the Federal Reserve would raise its benchmark short-term interest rate at its policy...
Wall Street adds to gains following surge in Chinese markets
Stocks rose in afternoon trading Wednesday and Wall Street added to its gains as markets gather hope that there may be better news on the horizon on inflation, the war in Ukraine and other worries that have been keeping investors unsettled. The S&P 500 rose 1.7% as of 12:06 p.m....
Embattled Federal Reserve pick Sarah Bloom Raskin withdraws nomination 
WASHINGTON — Sarah Bloom Raskin withdrew her nomination Tuesday to a position on the Federal Reserve’s Board of Governors after a key Democrat had joined with all Senate Republicans to oppose her confirmation. West Virginia Sen. Joe Manchin announced Monday that he opposed Raskin’s confirmation, and all Republicans in the...
Stocks rally on Wall Street as oil prices keep falling
NEW YORK — Technology companies led stocks broadly higher Tuesday on Wall Street, as oil prices slid sharply for the second day and inflation worries ebbed. The market rally came a day ahead of the Federal Reserve’s highly anticipated interest rate policy update. The S&P 500 rose 2.1%, ending a...
Plane ticket prices will continue to go up, experts say. Here’s why — and how to save
Another mode of transportation has been impacted by the fallout over Russia’s invasion of Ukraine as gas prices soar — and it might affect Americans’ vacation plans. The cost of jet fuel for commercial airplanes has also spiked, with prices per gallon rising above $4 at one point since the...
John Dorfman: Intel’s CEO bought his own stock – should you?
Semiconductor chips are a strategic commodity. For the past few years, people have been saying that Intel Corp. (INTC) is at a disadvantage because most of its fabs (fabrication plants) are in the U.S. Chips can be produced more cheaply in Asia. Based in Santa Clara, Calif., Intel is the...
Stocks sway lower and crude oil slides to $100 per barrel
Stocks lost more ground, crude oil prices fell and bond yields rose sharply Monday as anxiety over the war in Ukraine and an upcoming Federal Reserve meeting on interest rates keep global financial markets on edge. The S&P 500 gave up an early gain and closed 0.7% lower after another...
Stocks slip on Wall Street as oil and inflation worries rise
Stocks slipped on Wall Street Thursday as global markets remain choppy amid uncertainty about where inflation, interest rates and the global economy are heading. The S&P 500 slumped 1.2% in morning trading, on pace for its fifth drop in the last six days. It marks another reversal for U.S. stocks,...
Black and lower-income homeowners missed out on the refinancing boom spurred by low interest rates
Mortgage interest rates have dropped to historic lows in the last couple of years, presenting many homeowners the chance to save money by refinancing their loans — an opportunity that Black and low-income homeowners haven’t been able to enjoy because of various barriers. According to a report released this month...


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