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Wire stories category, Page 56

Pope Francis, first Latin American pontiff, dies at 88
Supply-chain surcharge? Sherwin-Williams latest company to add sneaky fee
Hugo Granadino recently stopped by the Sherwin-Williams paint store in Inglewood, Calif., to pick up some rollers and brushes. He’s repainting the den of his South Los Angeles home. After the purchase, Granadino, 40, took a look at his receipt and was surprised to see a 4% “supply chain charge.”...
Stocks climb the most since March as momentum builds 
Technology companies powered a broad rally for stocks Thursday on Wall Street, lifting the S&P 500 to its biggest gain since March. The benchmark index rose 1.7% a day after breaking a three-day losing streak. The Dow Jones Industrial Average rose 1.6% and the tech-heavy Nasdaq climbed 1.7%. More than...
Modest gain breaks a 3-day losing streak for S&P 500 index
Major stock indexes closed mostly higher Wednesday, snapping a three-day losing streak for the S&P 500 despite another choppy day of trading. The benchmark index rose 0.3% after having been down 0.5% in the early going. It’s still on pace for a 0.6% weekly loss. The Dow Jones Industrial Average...
Explainer: Why Social Security COLA will jump next year
WASHINGTON — Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for 2022. Exactly how much will be revealed Wednesday morning after a Labor Department report on inflation during September, a data point used in the final calculation. Over the last...
Southwest cancels hundreds more flights, denies sickout
DALLAS — Southwest Airlines canceled more than 350 flights Monday following a weekend of major disruptions that it blamed on bad weather and air traffic control issues. The pilots union accused the company of a botched response to what it said would have been a minor challenge for other airlines....
Amazon to allow employees to work remotely indefinitely
SEATTLE — Amazon said Monday it will allow many tech and corporate workers to continue working remotely indefinitely, as long as they can commute to the office when necessary. The new policy was announced in a blog post and is a change from Amazon’s previous expectation that most employees would...
Instacart CEO Fidji Simo says online grocery shopping has room to grow
When the pandemic hit the U.S. last year, grocery delivery company Instacart suddenly became a lifeline for millions of consumers. Sales volumes skyrocketed; in one month, the company added 300,000 drivers to keep up with its orders. “We saw five years of growth packed into one year,” Instacart CEO Fidji...
Southwest Airlines flight cancellations continue into Monday
DALLAS — Southwest Airlines canceled hundreds more flights Monday following a weekend of major service disruptions. By late morning Monday, Southwest had canceled about 365 flights — 10% of its schedule for the day — and more than 600 others were delayed. The Dallas-based airline blamed air traffic control issues...
Explainer: 5 key takeaways from the September jobs report
WASHINGTON — September wasn’t exactly the robust month for hiring that many had expected and hoped for. With the delta variant still disrupting the economy and employers struggling to find enough workers, the gain for the month amounted to 194,000 jobs — not even half of what economists had expected....
AT&T reportedly played major role building, funding far-right channel One America News
Far-right media outlet One America News Network, known for promoting conspiracy theories about covid-19 and the 2020 presidential election, would likely not exist without the support and funding from telecom giant AT&T — whose executives reportedly came up with the idea of starting the channel. The world’s largest communications company...
Stocks edge higher as Wall Street shakes off volatility
Stocks recovered from an early slide on Wall Street to close with modest gains Wednesday as investors held out hope that Congress may yet be able to temporarily extend the federal government’s debt ceiling and buy lawmakers time to reach a more permanent resolution. The market rallied back from a...
Workers at all of Kellogg’s U.S. cereal plants go on strike
OMAHA, Neb. — Work at all of the Kellogg Company’s U.S. cereal plants came to a halt Tuesday as roughly 1,400 workers went on strike, but it wasn’t immediately clear how much the supply of Frosted Flakes or any of the company’s other iconic brands would be disrupted. The strike...
Stocks fall as tech retreats; price of oil hits 7-year high
Technology companies led a broad slide for stocks Monday on Wall Street, as rising bond yields and energy prices stoked investors’ concerns about higher inflation. The S&P 500 fell 1.3%, the Dow Jones Industrial Average dropped 0.9% and the tech-heavy Nasdaq lost 2.1%. The price of oil hit a seven-year...
U.S. auto sales slump, stalled by car computer chip shortage
DETROIT — In a normal month before the pandemic, Con Paulos’ Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he’s got nothing new in stock, and every car, truck or SUV on order has been sold. Last month, what happened at...
Taiwan’s Foxconn has deal to buy former GM plant in Ohio
Foxconn Technology Group, the world’s largest electronics maker, has a deal to buy a huge auto assembly plant in Ohio from startup electric truck maker Lordstown Motors, the companies announced Thursday. The agreement stands to give Taiwan-based Foxconn, best known for making Apple iPhones, an entry into the growing electric...
S&P 500 fell 4.8% in September, worst month since March 2020
Stocks on Wall Street fell broadly Thursday, closing out September with their worst monthly loss since the beginning of the pandemic. The S&P 500 ended the month 4.8% lower, its first monthly drop since January and the biggest since March 2020, when the viral outbreak rattled markets as it wreaked...
Consumers see red, meatpackers see green as beef prices surge
Beef prices have climbed as much as 30% since the pandemic began, and that has Lorry Denis seeing red. “It’s an outrage,” Denis said after a recent run for groceries. The Atlanta retiree said she likes a nice cut of beef on the table, “but not enough to warrant paying...
Biden signs bill to avert partial government shutdown
WASHINGTON — With only hours to spare, President Joe Biden on Thursday evening signed legislation that would avoid a partial federal shutdown and keep the government funded through Dec. 3. Congress had passed the bill earlier Thursday. The back-to-back votes by the Senate and then the House averted one crisis,...
Dollar Tree breaks the $1 barrier as costs take a bite
CHESAPEAKE, Va. — Dollar Tree embedded in its very name what it stands for: Behind these doors, everything can be had for just $1. The mantra to which the Chesapeake, Va., company has held true for decades will now be only mostly true. After expanding nationwide from only a handful...
S&P 500 clings to a modest gain as other indexes end mixed 
Wall Street capped a wobbly day of trading Wednesday with a mixed finish for the major stock indexes, as technology and communication companies weighed on the market for a second straight day. The S&P 500 rose 0.2% after shedding most of a 0.8% gain. The modest gain came a day...
Fighting wave of misinfo, YouTube bans false vaccine claims
YouTube announced a wide crackdown of vaccine misinformation Wednesday that booted popular anti-vaccine influencers from its site and deleted false claims that have been made about a range of immunizations. The video-sharing platform said it will no longer allow users to baselessly speculate that approved vaccines, like the ones given...
Spike in bond yields spooks investors, deflates tech stocks
Technology companies led a broad slide in stocks Tuesday on Wall Street, deepening the market’s September swoon. The S&P 500 fell 2%, its worst drop since May. The tech-heavy Nasdaq dropped 2.8%, its biggest drop since March. Decliners outnumbered advancers on the New York Stock Exchange 4 to 1. The...
Sen. Warren says she opposes ‘dangerous man’ Jerome Powell for 2nd term as Fed chair 
Sen. Elizabeth Warren, pressing Federal Reserve Chair Jerome Powell on his record on financial regulation, said she wouldn’t support him for a second term as head of the U.S. central bank. “Your record gives me grave concern,” the Massachusetts Democrat said Tuesday during a Senate Banking Committee hearing. “You have...
Ford to add 10,800 jobs making electric vehicles, batteries 
GLENDALE, Ky. — Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025 — a dramatic investment in the future of EV technology that will create an estimated 10,800 jobs and shift the automaker’s future manufacturing footprint toward...
PennEast says planned natural gas pipeline won’t go forward
TRENTON, N.J. — Construction of a nearly 120-mile-long proposed natural gas pipeline from northeastern Pennsylvania to central New Jersey will not go forward, the group behind the project said Monday. PennEast Pipeline Company, which won a recent legal battle against New Jersey at the Supreme Court, nonetheless said the state...


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