Got to Category

Wire stories category, Page 73

Pope Francis, first Latin American pontiff, dies at 88
Retail federation: Holiday sales up 8.3% amid big spending shift
NEW YORK — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. The National Retail Federation had expected growth in a range of 3.6% to 5.2% for the November and December period...
Wall Street drifts, as even Treasury yields slow their rise
NEW YORK — U.S. stocks are drifting Wednesday as Wall Street continues a pause from its big recent rally, and even Treasury yields are stalling following their rapid rise. The S&P 500 was 0.3% higher after flipping between small gains and losses in early trading. It remains close to its...
Stocks drift on Wall Street; Treasury yields keep rallying
U.S. stocks are drifting close to their record heights Tuesday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year. The S&P 500 was virtually unchanged after the first 15 minutes of trading....
Report: Cumulus Media tells radio hosts stop stolen election talk
NEW YORK — The ownership group for several talk radio hosts across the country, including syndicated figures such as Mark Levin and Dan Bongino, says its personalities need to tone things down or face firing. Cumulus Media content chief Brian Philips sent an email to managers Wednesday, the day of...
Cleaning up SolarWinds hack may cost as much as $100 billion
WASHINGTON — American businesses and government agencies could be spending upward of $100 billion over many months to contain and fix the damage from the Russian hack against the SolarWinds software used by so many Fortune 500 companies and U.S. government departments. “Unlike good wine, this case continues to get...
Wall Street distances itself from Trump, GOP after riots
A growing number of Wall Street banks and businesses have cut ties with President Donald Trump’s campaign and financial arms, as well as the broader Republican Party, following last week’s riots and insurrection at the U.S. Capitol. The financial technology company Stripe has stopped processing payments for the Trump campaign,...
Chunky bootmaker Dr. Martens to sell shares to public
The maker of Dr. Martens boots, the chunky-soled footwear once championed by rebellious young people but now favored by celebrities like Rihanna, plans to sell shares to the public as the existing owners seek to profit from growth of the iconic brand. Dr. Martens Ltd. said Monday that current investors...
Stocks slip as Wall Street takes a breather after 4-day run
Stocks are slipping Monday as trading cools on Wall Street and in markets around the world following their strong record-setting runs. The S&P 500 was 0.5% lower in late morning trading and on pace to take a breather from a four-day winning streak that carried it to more all-time highs....
Businesses rethink political donations as a result of Capitol siege
Businesses are rethinking political contributions in the wake of the deadly Capitol siege by President Donald Trump’s supporters on Wednesday. Citigroup confirmed Sunday that it is pausing all federal political donations for the first three months of the year. In a memo to employees Friday, Citi’s head of global government...
Hyundai recalls 471K more SUVs, tells owners to park outside
DETROIT — Hyundai is adding about 471,000 SUVs to a September U.S. recall for an electrical short in a computer that could cause fires. And the company is warning owners to park the SUVs outdoors until they are repaired. The latest recall covers certain model-year 2016 through 2018, and additional...
New campaign, and logo, for GM in a bid to electrify image
General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs. The 112-year-old Detroit automaker has promised to roll out 30 new battery-powered vehicles globally by the end of 2025...
Wall Street drifts near records following weak jobs report
U.S. stock indexes are wavering between small gains and losses Friday, following a sober reminder of how many jobs the pandemic is destroying. The S&P 500 was up 0.1% after swinging between gains and losses of 0.5%. The benchmark index climbed to an all-time high a day earlier. Gains in...
Boeing will pay $2.5 billion to settle charge over 737 Max
Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service. The government and the company said Thursday that the settlement includes money for the crash...
Amazon pledges $2 billion to affordable housing in 3 U.S. cities
Amazon will direct $2 billion in loans and grants to secure affordable housing near three American cities where the company employs thousands of workers, the tech giant announced Wednesday. In a first step in the Puget Sound region, Amazon is promising $185.5 million, mostly in loans, to the King County...
Wall Street rallies again on Democratic wins, stimulus hopes
Wall Street is climbing to new heights again Thursday on expectations that the Democratic sweep of Washington means more stimulus is likely on the way for the economy. The S&P 500 was 1.2% higher in the first trading after Congress confirmed Joe Biden as the winner of the presidential election...
U.S. trade deficit jumps to $68.1 billion in November
The U.S. trade deficit jumped to $68.1 billion in November, the highest monthly deficit in 14 years, as a surge in imports overwhelmed a smaller increase in exports. The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit...
U.S. unemployment claims slip to still-high 787,000
The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months. Thursday’s figure from the Labor Department, a slight decline from the previous week,...
Small stocks rally, yields rise as market eyes Democratic DC
NEW YORK — Wall Street is piling into stocks of smaller companies, banks and other companies that would be winners if Washington can prop up the economy with another dose of financial support amid rising expectations that Democrats may take control of Washington. Most stocks across Wall Street were higher...
Slack kicks off 2021 with a global outage
Slack, the messaging service used by millions of people for work and school, suffered a global outage on Monday, the first day back for most people returning from the New Year’s holiday. It’s the latest tech glitch to show how disruptive technical difficulties can be when millions of people are...
Stocks fall as trading starts for year of great expectations
Stocks pulled back from their recent record highs Monday, as big swings return to Wall Street at the onset of a year where the dominant expectation is for a powerful economic rebound to sweep the world. The S&P 500, which ended 2020 at an all-time high, slid 1.5% after earlier...
Fiat Chrysler, Peugeot shareholders approve merger
MILAN — Shareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world’s fourth-largest auto company which, its architects hope, can more readily take on an enormous technological shift in the industry. Addressing separate meetings, PSA Peugeot CEO Carlos Tavares and Fiat Chrysler Chairman John Elkann...
Major U.S. stock indexes waver on final day of tumultuous year
U.S. stocks wavered between small gains and losses in early afternoon trading Thursday, hovering near record highs as investors close the book on a tumultuous year. The S&P 500 was mostly unchanged and remains close to the record high it set on Monday. The Dow Jones Industrial Average, which set...
Hedge fund Alden offers to buy Tribune, valuing it at $521M
Hedge fund Alden, Tribune’s largest shareholder, has offered to buy the rest of the newspaper publisher at a price that values it at $520.6 million. Alden sent a letter to Tribune on Dec. 14, according to a regulatory filing posted Thursday, offering $14.25 per share for the stock of Tribune...
Stocks hold on to modest gains, marking another Dow record
Stocks eked out modest gains Wednesday, keeping the major stock indexes on Wall Street at or near record highs. The S&P 500 inched up 0.1%, recovering some of its losses from a day earlier. It’s hovering within 0.1% of the record high it set on Monday. The Dow Jones Industrial...
Stocks fall as investors turn cautious following records 
Stocks closed modestly lower Tuesday on Wall Street as investors turned cautious a day after major indexes closed at their latest record highs. The S&P 500 slipped 0.2%, the benchmark index’s first decline in four days. Investors shifted money away from technology companies, which have been among of the biggest...


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 >