Wire stories category, Page 66
Another choppy day on Wall Street ends with indexes mixedVideo
Wall Street closed out another choppy day of trading Thursday, leaving the major stock indexes on pace for a weekly loss. The S&P 500 managed a 0.1% gain after having been down 0.7% in the early going. The Nasdaq composite also recovered to eke out 0.1% gain, while the Dow...
OnlyFans website to ban ‘sexually explicit’ content
OnlyFans, a site where fans pay creators for their photos and videos, is planning to ban “sexually explicit” content. The ban will start Oct. 1 and is the result of requests from banking partners and companies that handle financial transactions, a spokesperson said. Still, nudity is OK if it’s “consistent”...
Toys R Us making a comeback via Macy’s online and in stores
Macy’s said Thursday it is partnering with WHP Global to bring the Toys R Us brand to its website and stores. Shoppers can buy Toys R Us products online now. Next year, Macy’s said it will have Toys R Us shops inside more than 400 of its stores. “As a...
Disney World tweaks face mask policy, optional for outdoors
ORLANDO, Fla. — Walt Disney World is tweaking its face mask policy. Starting Thursday, the theme park resort in Florida will allow visitors to choose whether or not to wear face coverings in outdoor lines, outdoor theaters and outdoor attractions. Masks had been required previously. Face coverings will remain optional...
Old Navy integrates its plus-size women’s business
NEW YORK —Gap Inc.’s low-price division Old Navy is overhauling its approach to how it designs and markets to plus-size women, a demographic that many analysts say has been underserved. Starting Friday, Old Navy will be offering every one of its women’s styles in all sizes with no price difference....
Spirit Air says canceled flights cost $50M, hurt bookings
Spirit Airlines said Monday the cancellation of more than 2,800 flights over an 11-day stretch this summer cost the budget airline about $50 million in lost revenue and caused spending to soar. The airline said the service meltdown that started in late July and a rise in covid-19 cases are...
S&P hits new record amid rising concerns about pandemicVideo
A choppy day on Wall Street ended Monday with the S&P 500 and Dow Jones Industrial Average notching new highs after recovering from an early slide. The indexes each rose 0.3%, extending their winning streak to a fifth day, while the Nasdaq fell 0.2%. Technology and health care stocks accounted...
U.S. agency opens formal probe into Tesla Autopilot system
DETROIT — The U.S. government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the U.S. since the start of the 2014 model year. Of the...
Ram pickups recalled; faulty side air bags can hurl shrapnel
Stellantis is recalling more than 266,000 pickup trucks mainly in North America because the side air bags can explode without warning and hurl shrapnel into the cabin. It’s the second major recall of pickup trucks in the past two months for the same problem. Stellantis, formerly Fiat Chrysler, says the...
U.S. stocks eke out gains, leaving S&P 500 higher for the week
Stocks managed to eke out tiny gains after another day of wobbly trading, leaving the S&P 500 higher for the second week in a row. The benchmark index added 0.2% Friday, its fourth straight gain. The Dow Jones Industrial Average and the Nasdaq edged up less than 0.1%. Small-company stocks...
U.S. jobless claims near pandemic low
WASHINGTON — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand. Thursday’s report from the Labor...
S&P 500, Dow industrials mark records but Nasdaq lags behind
Banks and industrial companies helped lift stocks on Wall Street mostly higher Wednesday, pushing the S&P 500 and Dow Jones Industrial Average past the record highs they set a day earlier. The S&P 500 rose 0.2% after another wobbly day of trading. Nearly three-fourths of the companies in the benchmark...
Plan to replace aging postal truck fleet delayed by lawsuit
PORTLAND, Maine — Postal workers thrilled at the prospect of making deliveries in modern, comfortable and environmentally friendly vehicles are soldiering on in their aging, spartan trucks. The primary fleet of vehicles — dating to 1987 — was due to be replaced under a new contract but the winning bid...
U.S. consumer prices keep rising, up 5.4% from a year ago
WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households. Wednesday’s report from the Labor Department showed that consumer prices...
As delta spreads, Southwest no longer sees profit for quarter
The highly contagious delta variant has darkened the outlook for Southwest Airlines, one of the largest carriers in the U.S., which said that it no longer expects to turn a profit in the third quarter as covid-19 infections spread. The revelation, contained in a Wednesday filing with the U.S. Securities...
Stocks edge higher as banks, industrials offset tech slide
Stocks capped another wobbly day of trading on Wall Street with modest gains Tuesday, as financial and industrial companies helped lift the market, outweighing a pullback in technology stocks. The S&P 500 recovered from an early slip and eked out a 0.1% gain, enough to eclipse the record high it...
Betting website DraftKings buys Golden Nugget Online
LAS VEGAS — Sports betting website DraftKings Inc. is buying the online gambling subsidiary of Golden Nugget Inc. in a stock deal valued at $1.56 billion, the two companies said Monday. The acquisition of Golden Nugget Online Gaming gives Boston-based DraftKings a well-known brand in the casino and gambling world,...
Stocks end a wobbly day lower, edging below recent records
Technology and energy companies led stocks lower Monday on Wall Street, easing the market back from its recent all-time highs. The S&P 500 slipped 0.1%, erasing an early gain. Technology companies accounted for a big share of the decline. Industrial and consumer-centric stocks also fell. Those losses outweighed gains in...
Norwegian Cruise Line can require proof of vaccinations, federal judge rules
Norwegian Cruise Lines Holdings can require proof of vaccines for all passengers and crews, a federal judge ruled Sunday night. U.S. District Judge Kathleen Williams said in her ruling that Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises can require documentation of vaccines before they leave Florida ports....
Weary U.S. businesses confront new round of mask mandates
Businesses large and small, from McDonald’s and Home Depot to local yoga studios, are reinstituting mask mandates as U.S. coronavirus cases rise. Bars, gyms and restaurants across the country are requiring vaccines to get inside. After a largely mask-free summer, it’s a reversal no one wanted to see, brought on...
Some praise, some doubts as Facebook rolls out a prayer tool
Facebook already asks for your thoughts. Now it wants your prayers. The social media giant has rolled out a new prayer request feature, a tool embraced by some religious leaders as a cutting-edge way to engage the faithful online. Others are eyeing it warily as they weigh its usefulness against...
United Airlines will require all U.S. employees to get the covid-19 vaccine by fall
United Airlines will require all of its U.S.-based employees get the covid-19 vaccine by this fall. Earlier this year, United CEO Scott Kirby said he wanted to make the vaccine mandatory as long as the Chicago-based airline wasn’t the only company to do so. Now, with covid-19 cases rising, United...
Stocks climb on Wall Street, notching more record highs
A broad rally on Wall Street pushed stocks higher Thursday, nudging the S&P 500 and Nasdaq indexes to record highs. The gains reversed the market’s modest losses from a day earlier. Despite a choppy week of trading, the major indexes are on pace for weekly gains. The S&P 500 rose...
Stocks slip on Wall Street, pulling S&P 500 below record
Stocks gave back some of their recent gains Wednesday after a disappointing jobs report stoked worry about the strength of the economic recovery as a highly contagious variant of the coronavirus spreads. The S&P 500 fell 0.5%, easing back from the all-time high the benchmark index set a day earlier....
Delta variant forces cancellation of New York auto show
The New York International Auto Show has become a casualty of the fast-spreading coronavirus delta variant. Show organizers said Wednesday that they’ve decided to cancel it this year, a little over two weeks before the scheduled start. The reasons are the growing spread of the variant and recent restrictions announced...
