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Wire stories category, Page 89

Pope Francis, first Latin American pontiff, dies at 88
U.S. seeks $3 billion to boost oil producers as prices plunge
WASHINGTON — The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally. President Trump had directed the Energy Department last week to fill the United States’ emergency stash...
Layoffs spike in U.S., Europe as virus shuts businesses
WASHINGTON — Just a couple of weeks ago, Erika Vega hoped her temp job at a cafeteria would soon become permanent. But instead, the viral outbreak shut down the building where she worked and left her wondering where her next paycheck will come from. Like millions of Americans and people...
Trump weighs controls on companies that take coronavirus bailouts
WASHINGTON — President Donald Trump said Thursday the government should take an equity stake in some companies that need bailouts because of devastating effects of the coronavirus pandemic on the U.S. economy. Trump told a briefing he has executive authority to curb the impact on businesses. “There’s a lot of...
SpaceX puts 60 satellites into orbit despite engine failure
CAPE CANAVERAL, Fla. — SpaceX launched 60 more of its internet satellites into orbit Wednesday despite an engine failure shortly after liftoff on a recycled rocket flying a record five times. SpaceX chief executive Elon Musk said one of the nine main engines shut down prematurely during liftoff, a rare...
Apple brings PC-like trackpad to iPad tablets
Apple’s new iPad brings PC-like trackpad capabilities for the first time, as the company seeks to make its tablet even more like a laptop computer. Apple says the trackpad will offer more precision than fingers in selecting text and switching between apps. Older iPads will also be able to get...
Stocks drop on Wall Street despite promises of coronavirus aid
NEW YORK — Stocks are falling sharply on Wall Street in early trading as fears spread that the coronavirus is causing a global recession. The Dow Jones industrials fell 1,100 points, or 5%, in the first few minutes of trading Wednesday. European markets are also down a similar amount and...
Bidet sales soar as toilet paper sells out amid coronavirus fears
As cases of the coronavirus continue to climb, nothing feels more surreal than the irrational stockpiling of toilet paper, even though experts tell us it isn’t necessary and manufacturers say there is no shortage. Whether it stems from a herd mentality, reading social media posts about toilet paper fights, or...
Stocks jump after Trump promises to ‘go big’ on virus aid
NEW YORK — Stocks rallied Tuesday as President Donald Trump promised he’s “going big” with plans to prop up the staggering economy through the coronavirus outbreak. Besides the White House’s proposal, which could approach $1 trillion, the Federal Reserve also announced its latest emergency move to get markets running more...
More wipes, no jeans: Amazon limits shipments to warehouses
NEW YORK — Amazon, in an attempt to fill its warehouses with toilet paper, hand sanitizer and other items in high demand, said Tuesday that it will limit what suppliers can send to its warehouses for the next three weeks. Among the items that suppliers and third-party sellers can ship...
Dow dives 2,997 points on fears coronavirus will cause recession
NEW YORK — The U.S. stock market plunged more than 12% Monday for its worst day in more than three decades as voices from Wall Street to the White House said the corona­virus is likely dragging the economy into a recession. The S&P 500 has plummeted nearly 30% since setting...
All Starbucks in U.S., Canada shift to takeout-only model
All Starbucks locations in the U.S. and Canada will be moving to a “to go” only model as it works to help slow the spread of covid-19, the company announced Sunday night. Seating will be suspended in the coffee shops, but takeout orders will still be accepted through the Starbucks...
Stock futures sink after rate cut, new coronavirus restrictions
NEW YORK — U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak. Futures for the S&P 500 fell 5% Sunday night and...
Fed slashes rate to near zero, eases lending rules
WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects...
Courts slow opening of public lands to oil, gas drilling
WASHINGTON — Soon after President Trump took office, the rush to open millions of acres of federal land to oil and gas drilling was on. Under pressure from industry, the number of acres offered for lease shot up, the time it took to process a permit application dropped and lease...
Census faces challenges as it aims to hire up to 500,000
ORLANDO, Fla. — The U.S. Census Bureau said it has reached its goal of recruiting more than 2.6 million applicants for the once-a-decade head count that launched for most of America this week — but it has been a bumpy road getting there. The nation’s abundance of jobs has complicated...
Pentagon reconsiders Microsoft contract after Amazon protest
WASHINGTON — The Pentagon is reconsidering its awarding of a major cloud computing contract to Microsoft after rival tech giant Amazon protested what it called a flawed bidding process. U.S. government lawyers said in a court filing this week that the Defense Department “wishes to reconsider its award decision” and...
No fans, no work: Arena workers caught in sports shutdown
MIAMI — David Edelman can usually be found at a Denver Nuggets basketball game or a Colorado Rapids soccer game. As an usher, he interacts with fans in a role he calls a staple of his life. But there are no Nuggets games for at least a month. No Rapids...
Stocks surge on new coronavirus measures; Dow up 1,985 points
NEW YORK — Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency. The Dow’s...
Starbucks stores may go drive-thru only or limit seating because of coronavirus
Some Starbucks stores in the U.S. and Canada may become drive-thru only while others could limit the number of people allowed inside, the company said, one day after the World Health Organization declared the outbreak of coronavirus a pandemic. “As a last resort, we will close a store if we...
Stock market endures biggest drop since crash of 1987
NEW YORK — The stock market had its biggest drop since the Black Monday crash of 1987 Thursday as fears of economic fallout from the coronavirus crisis deepened. The sell-off, which sent the Dow industrials down 10%, came despite supportive steps from the Federal Reserve and the European Central Bank....
Millennial Money: How to handle, and head off, a tax bill
Tax season can be a windfall or a wipeout for your budget. Which camp you fall into likely depends on whether you get a refund — or a tax bill — from the IRS. If you find that you owe taxes, you’re not alone. Over 23 million Americans owed the...
Panda and poke: Restaurant trademarks can stir legal fights
GILBERT, Ariz. — When picking a name for their Asian-Mexican fusion restaurant in suburban Phoenix, Paul and Nicole Fan settled on “Panda Libre,” hoping the mix of China’s iconic bear and the Spanish word for “free” would signal to customers the type of cuisine it offered. That decision could cost...
Agency says working conditions improve in Thai seafood sector
BANGKOK — A report issued Tuesday by the U.N.’s International Labor Organization credits Thailand with improving working conditions in the fishing and seafood processing industry, but says that serious abuses including forced labor remain. The report is a follow-up to one published in 2018, and compares the workers situations from...
Dow tumbles into bear market as coronavirus fears intensify
NEW YORK — Stocks careened lower Wednesday, with the Dow Jones industrials sinking more than 1,400 points, as investors became more fearful that the Trump administration and other global governments won’t be able to prevent the coronavirus outbreak from doing significant damage to the worldwide economy. The Dow’s loss dragged...
Dow surges 4.9% in another wild day on hopes for coronavirus aid 
NEW YORK — Stocks on Tuesday recouped most of their historic losses from the prior day as hopes rose, faded and then bloomed again on Wall Street that the U.S. government will try to cushion the economic pain from the coronavirus. The S&P 500 surged as much as 3.7% in...


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