Got to Category

Wire stories category, Page 58

Pope Francis, first Latin American pontiff, dies at 88
Stocks decline after negative jobs report, bond yields rise
Stocks were falling Friday after a critical report on U.S. hiring showed employers created far fewer jobs than expected. It gave investors pause on whether the delta variant of the coronavirus was starting to impact economic growth out of the pandemic. The S&P 500 index fell 0.1% as of 10...
U.S. hiring slows to just 235,000 jobs after 2 strong months
WASHINGTON — America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out. The August job gains the government reported Friday fell far short of...
Stocks shake off an afternoon stumble to end modestly higher
The stock market recovered from an afternoon stumble Thursday and ended with some modest gains, enough to mark more record highs for the S&P 500 and the Nasdaq composite. Investors had a fresh batch of economic data to weigh as they gauge the economic recovery, but much of the focus...
GM, Ford halt some production as chip shortage worsens
DETROIT — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the company’s top-selling...
U.S. jobless claims reach a pandemic low as hiring strengthens
WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign that the job market is steadily rebounding from the economic collapse caused by the coronavirus pandemic. Jobless claims dropped by 14,000, the Labor Department reported Thursday. The weekly count has mostly...
Stocks end with miniscule gains, enough to nudge Nasdaq to record
Stocks inched mostly higher on Wednesday, enough to nudge the Nasdaq composite index to an all-time high. Markets continue to remain quiet ahead of Friday’s jobs report and the Labor Day holiday in the United States on Monday. The S&P 500 index rose 1.41 points, less than 0.1%, to close...
S&P 500 ends August higher, its 7th straight monthly gain
A wobbly day on Wall Street ended Tuesday with major indexes slipping just below recent record highs, but the S&P 500 closed out August solidly in the green with its seventh straight monthly gain. Investors are busy trying to figure out just how much of an impact rising covid-19 cases...
Walgreens joins other retailers with starting pay boost
Walgreens will hike starting pay to $15 an hour beginning in October, as employers across the United States continue boosting wages to attract workers. The drugstore chain said Tuesday that the wage hike will take effect in phases and be completed by November 2022. It will affect workers in the...
Survey: Owners frustrated when linking phones to vehicles
Automobile quality rose last year, but glitches in pairing smartphones with infotainment systems frustrated owners more than anything, according to a large U.S. survey of auto owners. For the first time, a brand from Fiat Chrysler, now Stellantis, ranked No. 1 for having the fewest problems. Ram trucks finished first,...
Survey: 55% of Americans expect to search for a new job over the next 12 months
The coronavirus pandemic massively disrupted Americans’ working lives, and a new Bankrate survey suggests that it’s causing many of them to now re-evaluate what they want out of their careers. Most Americans (55 percent) who are either employed or looking for a job — what economists would describe as being...
Disney World will resume selling annual passes again Sept. 8
Walt Disney World will resume selling annual passes for its theme parks Sept. 8. Expect new names for the passes — which have increased in price — as well as strengthened ties to park reservations, which are staying around, the company announced Monday. The number of reservations that a passholder...
As Ida leaves Gulf, analysts foresee modest economic damage
WASHINGTON — With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be modest...
S&P 500, Nasdaq notch more records even as the Dow slips
Gains for several Big Tech stocks helped push the S&P 500 and the Nasdaq composite to more record highs Monday on Wall Street, even as weakness elsewhere in the market sent the Dow Jones Industrial Average and small-company stocks lower. The S&P 500 also set a record high last Friday...
Virus variant batters airline bookings for Labor Day weekend
After a surge in bookings early this summer, U.S. airline passengers are planning fewer trips as the spread of the coronavirus delta variant continues to discourage travel. Spending for the Labor Day holiday was down 16% from 2019 as of Aug. 21, while bookings were off 15%, according to the...
Amazon teams with Affirm to offer buy-now-pay-later option
Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option that does not involve credit cards. San Francisco-based Affirm Holdings Inc. announced Friday that its flexible payment service will soon be available on Amazon.com. The news sent Affirm’s stock up more than 35% in after-hours trading....
T-Mobile CEO ‘truly sorry’ for hack of 50M users’ data
BELLEVUE, Wash. — T-Mobile says it has notified nearly all of the millions of customers whose personal data was stolen and that it is “truly sorry” for the breach. CEO Mike Sievert said in a written statement Friday that the company spends lots of effort to try to stay ahead...
Apple loosens app store payment rules in lawsuit settlement
Apple has agreed to let developers of iPhone apps email their users about cheaper ways to pay for digital subscriptions and media by circumventing a commission system that generates billions of dollars annually for the iPhone maker. The concession announced late Thursday, which covers emailed notifications but does not allow...
NFL players experiment with ‘Guardian Caps’ to protect heads
CHARLOTTE, N.C. — For Carolina Panthers rookie offensive lineman Brady Christensen any chance to protect his brain is a no-brainer — even if he thinks he may look a little goofy doing so. That’s why Christensen is among a growing number of NFL players taking advantage of the new “Guardian...
Modest gains produce more record highs for S&P 500, Nasdaq
Stocks on Wall Street closed with modest gains Wednesday, driving the S&P 500 and Nasdaq to all-time highs for the second day in a row. Financial and energy companies led the way higher among stocks in the S&P 500. The benchmark index rose 0.2%, marking its fifth straight gain. A...
Delta will charge unvaccinated employees $200 per month 
Delta Air Lines will charge employees on the company health plan $200 a month if they fail to get vaccinated against covid-19, a policy the airline’s top executive says is necessary because the average hospital stay for the virus costs the airline $40,000. CEO Ed Bastian said that all employees...
Modest gains nudge Nasdaq above 15,000 for 1st time
Wall Street delivered more milestones Tuesday after a modest pickup in stocks nudged the S&P 500 to an all-time high and the Nasdaq composite climbed above 15,000 for the first time. The benchmark S&P 500 index rose 0.2% after a relatively quiet day in the market. Banks and a mix...
Walmart to launch delivery service for other businesses
NEW YORK — Walmart said Tuesday it will start farming out its delivery service, using contract workers, autonomous vehicles and other means to transport rival retailers’ products directly to their customers’ homes as fast as just a few hours. The nation’s largest retailer said it will dispatch contract workers from...
Waymo expanding autonomous ride service to San Francisco
Waymo, the Google self-driving vehicle spinoff, is expanding its autonomous ride-hailing service to San Francisco. Selected “trusted tester” customers in the city by the bay will be able to hail a ride in self-driving Jaguar I-Pace electric vehicles, the company said. For now the vehicles will have human backup drivers...
Stocks rise broadly; Pfizer gains after FDA approves vaccine
Stocks notched gains Monday on Wall Street, pushing the Nasdaq composite to an all-time high and helping the S&P 500 more than make up for its losses last week. The S&P 500 rose 0.9%, after spending much of the day within striking distance of notching its own record high. The...
GM extends recall to cover all Chevy Bolts due to fire risk
GRAND RAPIDS, Mich. — General Motors said Friday it is recalling all Chevrolet Bolt electric vehicles sold worldwide to fix a battery problem that could cause fires. The recall and others raise questions about lithium ion batteries, which now are used in nearly all electric vehicles. Ford, BMW and Hyundai...


Editor's Picks

Front Porch Theatricals’ musical ‘Baby’ is a labor of love

Washington townhouse on the market for $1,225,000
Folk legend Bruce Cockburn gives uplifting performance at City Winery
‘Champagne & Chapeaux’: Westmoreland Symphony’s annual soiree for a good cause
Jimmy Stewart’s P-51 Mustang stops in hometown for museum anniversary
More Editor's Picks >