Wire stories category, Page 70
Pennsylvania’s gas-well revenue down as price, drilling drop
HARRISBURG — Pennsylvania’s counties and municipal governments will see the lowest level of annual fee revenue they get from Marcellus Shale gas wells, as drilling slowed and prices sank during the pandemic, the Pennsylvania Public Utility Commission said Monday. Impact fee revenue from Marcellus Shale wells sank to $146 million...
GM executive: Company to announce more battery plants this week
DETROIT — The president of General Motors says his company plans to announce more U.S. battery factories later this week. Mark Reuss gave no details of where the factories would be located or exactly what they would manufacture. He spoke in a weekend interview with The Associated Press at an...
Gains for some tech giants nudge S&P to another record high
Technology companies helped lift stocks higher Monday on Wall Street, nudging the S&P 500 to its third straight all-time high, even as other parts of the market faltered. A burst of buying in the final 10 minutes of trading sent the benchmark index 0.2% higher. The S&P 500 had been...
Stocks move higher, erasing weekly loss for the S&P 500
Stocks moved broadly higher Thursday, bringing the S&P 500 index out of the red for the week. Health care and technology companies were among the biggest gainers. The S&P 500 was up 0.6% as of 1:03 p.m. Eastern. The benchmark index is on track to close above its last all-time...
Meat company JBS confirms it paid $11M ransom in cyberattack
The world’s largest meat processing company says it paid the equivalent of $11 million to hackers who broke into its computer system late last month. Brazil-based JBS SA said on May 31 that it was the victim of a ransomware attack, but Wednesday was the first time the company’s U.S....
Own an Echo? Amazon may be helping itself to your bandwidth
Do you own an Amazon smart device? If so, odds are good that the company is already sharing your internet connection with your neighbors unless you’ve specifically told it not to. On Tuesday, the company launched a program that forces users of many Echo smart speakers and Ring security cameras...
Chipotle raises menu prices to cover higher employee wages
Employees at Chipotle Mexican Grill are making more money, and the consumer is covering the cost through increased menu prices. According to a report by CNBC, menu prices at Chipotle have risen by around 4% to cover the cost of increased hourly pay for the chain’s employees. Chipotle is one...
U.S. indexes end lower; more volatility for online favorites
A slide in banks and industrial companies nudged stocks on Wall Street to modest losses Wednesday after an early gain faded in the last half-hour of trading. Stocks championed by hordes of online retail investors, the “meme” stocks as they have become known, were volatile once again. The S&P 500...
Stocks end mostly higher; Wendy’s becomes latest meme stock
Major indexes closed mostly higher on Wall Street, thanks largely to gains in a handful of Big Tech companies. Small-company stocks continued to outpace the rest of the market, while investors’ attention turned to huge gains in a new batch of “meme” stocks favored by online investors, including Wendy’s and...
Stocks slip on Wall Street, pulling back from record highs
Stocks edged lower in midday trading Monday after briefly approaching the record highs they reached a month ago. The quiet opening to the week follows several choppy weeks as investors continue to gauge the economy’s recovery and the risks rising inflation. Wall Street faces a relatively light week of economic...
Maine’s blueberry crop faces climate change peril
Maine’s beloved wild blueberry fields are home to one of the most important fruit crops in New England, and scientists have found they are warming at a faster rate than the rest of the state. The warming of the blueberry fields could imperil the berries and the farmers who tend...
FBI subpoenas info on readers of news story on slain agents
The FBI issued a subpoena demanding U.S. newspaper giant Gannett provide agents with information to track down readers of a USA Today story about a suspect in a child pornography case who fatally shot two FBI agents in February. The subpoena, served on the company in April, came to light...
U.S. businesses struggle to fill jobs even as hiring picks up
Hiring in the United States picked up in May yet was slowed again by the struggles of many companies to find enough workers to keep up with the economy’s swift recovery from the pandemic recession. U.S. employers added 559,000 jobs last month, the Labor Department said Friday, an improvement from...
Facebook suspends Trump accounts for 2 years
Facebook said it is suspending former President Donald Trump’s accounts for two years following its finding that he stoked violence ahead of the deadly Jan. 6 insurrection. “At the end of this period, we will look to experts to assess whether the risk to public safety has receded. We will...
Bargain hunters pounce as Trump condo prices hit decade lows
NEW YORK — The building has stunning Manhattan skyline views, its spa offers deep-tissue massages, and the fancy restaurant off the lobby serves up prime steaks. Best of all, many apartments at the Trump World Tower are selling at a deep discount — assuming the buyer doesn’t mind the name...
Jobless claims dip below 400,000 for first time in pandemic
Applications for state unemployment insurance dipped below 400,000 for the first time during the pandemic as hiring accelerates and the economy strengthens heading into the summer months. Initial claims in regular state programs decreased by 20,000 to 385,000 in the week ended May 29, Labor Department data showed Thursday. The...
Stocks end lower on Wall Street; AMC sinks after stock saleVideo
Technology companies helped drag stocks lower on Wall Street Thursday, knocking the S&P 500 into the red for the week. The benchmark S&P 500 index dropped 0.4% and is now on track for a 0.3% weekly loss. Technology companies, whose pricey valuations make them more sensitive to inflation fears, were...
United bets on supersonic future with $3 billion Boom jet orderVideo
United Airlines is jumping into the potential market for supersonic travel with the first firm order for Boom Technology Inc.’s Overture aircraft, wagering that business flyers will pay top dollar for speedier trips across oceans. The airline will buy 15 of the supersonic jets, which are expected to carry passengers...
Stocks manage modest gains overall; AMC nearly doubles
Wall Street wrapped up another wobbly day of trading Wednesday with modest gains for the major stock indexes, as energy and technology companies kept losses elsewhere in the market in check. The benchmark S&P 500 rose 0.1% after wobbling between a gain of 0.4% and a loss of 0.1%. Strength...
Even after Bernie Madoff’s death, work to unwind epic fraud goes on
NEW YORK — Epic Ponzi scheme mastermind Bernie Madoff is dead. But the effort to untangle his web of deceit lives on. More than 12 years after Madoff confessed to running one of the biggest financial fraud in Wall Street history, a team of lawyers is still at work on...
U.S. cities to power revival in domestic travel, TripAdvisor CEO saysVideo
The United States will have a busy vacation season this summer as cities make a strong comeback, according to Stephen Kaufer, chief executive officer of TripAdvisor Inc. “Now we have a lot more activities all around the country, and it’s not just outdoors. The cities are making a very real...
Microsoft: SolarWinds hackers target 150 organizations with phishing
The state-backed Russian cyber spies behind the SolarWinds hacking campaign launched a targeted spear-phishing assault on U.S. and foreign government agencies and think tanks this week using an email marketing account of the U.S. Agency for International Development, Microsoft says. The effort targeted about 3,000 email accounts at more than...
Bank CEOs tell Congress they’ll work to avoid foreclosuresVideo
WASHINGTON — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from bitcoin to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer. The House hearing comes after senators...
Fewer Americans sign contracts to buy homes in April
SILVER SPRING, Md. — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ index of pending home sales fell 4.4% to 106.2 in April, a third straight sluggish month after nearly a year-long rebound from...
U.S. jobless claims fall to 406,000, a new pandemic low
WASHINGTON — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday’s report from the Labor Department showed that applications declined 38,000 from 444,000 a week...
