WD-40, Paysafe rise; ACM Research, LXP Industrial Trust fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: WD-40, Paysafe rise; ACM Research, LXP Industrial Trust fall
Continue ReadingNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: WD-40, Paysafe rise; ACM Research, LXP Industrial Trust fall
Continue ReadingBy DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — Stocks ended mostly lower after another day of drifting around Friday, leaving the market with its first losing week in the last four. Gains for energy companies were offset by declines in tech stocks. The benchmark S&P 500 fell 0.3%, the
Continue ReadingBy JENNIFER PELTZ and BERNARD CONDON Associated Press NEW YORK (AP) — A judge says former President Donald Trump’s company can continue running a public golf course in New York City. Friday’s ruling says the city offered a baseless rationale for canceling the Trump Organization’s contract to run a public golf course in the Bronx
Continue ReadingBy DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — Stocks were mixed on Wall Street Friday, as gains in energy companies were offsetting declines in tech stocks. The S&P 500 was 0.1% higher, the Dow Jones Industrial Average rose 0.7% and the Nasdaq fell 0.8%. The benchmark S&P 500 remains
Continue ReadingLONDON (AP) — The board chairman of Russian metals company Rusal has called for an investigation into events in the Kyiv suburb of Bucha, where Ukrainian officials say Russian troops killed civilians. Rusal Chairman Bernard Zonneveld didn’t address who was responsible or directly say anyone was killed in Bucha, where Ukrainian forces and journalists discovered
Continue ReadingWASHINGTON (AP) — The price is going up for disrupting airline flights. The Federal Aviation Administration said Friday that it’s seeking record civil fines against two passengers who assaulted other people on flights last summer. In one case, a woman tried to open a cabin door, then headbutted and spit at crew members and passengers
Continue ReadingBy DAMIAN J. TROISE AP Business Writer Stocks were mixed to slightly higher on Wall Street Friday, as gains in energy companies were offsetting declines in tech stocks. The S&P 500 rose 0.3%, the Dow Jones Industrial Average rose 0.8% and the Nasdaq fell 0.4%. The benchmark S&P 500 remains in the red for the
Continue ReadingAUSTIN, Texas (AP) — Tesla CEO Elon Musk says the company will build an electric vehicle dedicated for use as a robotaxi. He also told a crowd at a party celebrating the opening of a Texas factory that Tesla will start making three new vehicles next year. Musk didn’t give details of the robotaxi other
Continue ReadingBy TOM HAYS Associated Press NEW YORK (AP) — A former Goldman Sachs banker has been convicted of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to loot the Malaysian state investment fund, 1MDB. A jury found Roger Ng guilty on all counts Friday at a U.S. trial where
Continue ReadingBy MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — SpaceX has launched three rich businessmen and their astronaut escort to the International Space Station for more than a week’s stay. It is SpaceX’s first private charter flight to the orbiting lab after two years of carrying astronauts there for NASA. The Falcon rocket
Continue ReadingBy DAVID PITT Associated Press DES MOINES, Iowa (AP) — A man serving a 25-year prison sentence for rigging computers to win lottery jackpots has had his parole revoked after he got into trouble in prison just before his scheduled release. The Iowa Board of Parole approved Eddie Tipton for release in January for good
Continue ReadingBy DAMIAN J. TROISE AP Business Writer Stocks edged lower in morning trading on Wall Street Friday, weighed down by more drops in chipmakers and other technology companies. The S&P 500 fell 0.4%, the Dow Jones Industrial Average rose 0.1% and the Nasdaq fell 1.2%. The benchmark S&P 500 remains in the red for the
Continue ReadingDETROIT (AP) — The U.S. government is ending an investigation into complaints of USB charging port fires in some Fiat Chrysler minivans without seeking a recall. The National Highway Traffic Safety Administration began the probe of about 170,000 minivans in August of 2020 after getting reports of three fires and one minor injury. The probe
Continue ReadingBy DANICA KIRKA Associated Press LONDON (AP) — Britain’s Treasury chief has defended his wife’s decision to take advantage of rules that allow many foreigners to escape U.K. taxes on their overseas income, saying critics have launched a smear campaign against her to get at him. In an interview with the Sun newspaper, Rishi Sunak
Continue ReadingLONDON (AP) — Russia’s central bank say it’s lowering a key interest rate and said more cuts could be on the way. The central bank decision Friday indicates it thinks strict capital controls and other severe measures are stabilizing Russia’s currency and financial system despite severe pressure from Western sanctions over the war in Ukraine.
Continue ReadingThe Associated Press Stocks are off to a weak start on Wall Street Friday, led by more drops in chipmakers and other technology companies. The S&P 500 was down 0.3% in the early going, keeping the market benchmark on track for its first weekly loss in the last four. The tech-heavy Nasdaq was down 0.9%
Continue ReadingBy DAN PARKS of The Chronicle of Philanthropy Chronicle of Philanthropy Nonprofits of all kinds are getting hit hard by inflation, experts say. Price and wage increases are hurting nonprofits in multiple ways, making it harder to keep up with their own basic operational expenses while also forcing them to curtail the services they provide. At the
Continue ReadingBERLIN (AP) — The German government has unveiled a package of loans and other financial assistance to companies hit hard by the war in Ukraine and sanctions on Russia. Economy Minister Robert Habeck said Friday the package was necessary because “there are companies and sectors that won’t survive this period if we don’t help them.”
Continue ReadingBy ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Foreign business groups in Myanmar are balking at new rules requiring businesses and individuals to convert all foreign currency held in bank accounts into the local currency. A statement issued Friday by the American Chamber of Commerce and similar groups says the new regulations issued by
Continue ReadingNEW YORK (AP) — U.S. markets were poised to open higher Friday as investors cap a week of ups and downs while the Russian bombardment of Ukraine rolls on against a backdrop of global inflation and an ongoing virus pandemic. On Wall Street, futures for the Dow Jones Industrial Average rose 0.4% and the same
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