Category: Blog

Stock market today: Wall Street shaves off some losses to close its worst week in the last 10

NEW YORK — Wall Street closed its worst week since Halloween with a listless Friday after reports showed workers are getting bigger raises, but key parts of the economy still don’t look like they’re overheating. The S&P 500 rose 8.56 points, or 0.2%, to 4,697.24 after drifting between small gains and losses through the day. It capped the first down week for the index in…

Exploding toilet at a Dunkin’ store in Florida left a customer filthy and injured, lawsuit claims

A customer who claims he was injured by an exploding toilet at a Dunkin’ store in central Florida has filed a negligence lawsuit against the coffee chain ByThe Associated Press January 4, 2024, 11:54 AM File – The Dunkin’ logo is seen on a storefront, Friday, Oct. 14, 2022, in Boston. A customer in central Florida has filed a negligence lawsuit against Dunkin’, claiming he…

Boeing still hasn’t fixed this problem on Max jets, so it’s asking for an exemption to safety rules

DALLAS — Boeing is asking federal regulators to exempt a new model of its 737 Max airliner from a safety standard designed to prevent part of the engine housing from overheating and breaking off during flight. Federal officials said last year that Boeing was working to fix the hazard on current Max planes. In the meantime, they told pilots to limit use of an anti-icing…

Biden withholds $2M from student loan servicers after companies bungled billing statements

WASHINGTON — The Biden administration is docking more than $2 million in payments to student loan servicers that failed to send billing statements on time after the end of a coronavirus pandemic payment freeze. The Education Department said Friday it will withhold payments from Aidvantage, EdFinancial and Nelnet for failing to meet their contractual obligations. The servicers failed to send timely statements to more than…

NY seeks $370 million in penalties in Trump’s civil fraud trial. His response: ‘They should pay me’

NEW YORK — New York state lawyers increased their request for penalties to over $370 million Friday in Donald Trump‘s civil business fraud trial. He retorted, “They should pay me.” The exchange came as lawyers for both sides filed papers highlighting their takeaways from the trial in court filings ahead of closing arguments, set for next Thursday. Trump is expected to attend, though plans could…

PepsiCo products are being pulled from some grocery stores in Europe over price hikes

PARIS — Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton Iced Tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs in stores that say, “We no longer…

Virginia county approves data center project after 27-hour public hearing

County supervisors in northern Virginia have approved one of the world’s largest data center projects after a public hearing that ran through the night and lasted more than 24 hours ByMATTHEW BARAKAT Associated Press December 13, 2023, 4:07 PM County supervisors in northern Virginia approved one of the world’s largest data center projects after a public hearing that ran through the night and lasted more…

Text of the policy statement the Federal Reserve released Wednesday

ByThe Associated Press December 13, 2023, 2:21 PM WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended: Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation has eased over the…

Somalia secures $4.5 billion debt relief deal with international creditors

WASHINGTON — Somalia on Wednesday secured a $4.5 billion debt relief deal from its international creditors, the International Monetary Fund and World Bank said, which will allow the nation to develop economically and take on new projects. The deal comes as part of a debt forgiveness program —called the Heavily Indebted Poor Countries initiative— overseen by both organizations. As a result of its participation in…

Photronics, Vertex rise; Pfizer, Southwest Airlines fall, Wednesday, 12/13/2023

Stocks that traded heavily or had substantial price changes on Wednesday: Photronics, Vertex rise; Pfizer, Southwest Airlines fall ByThe Associated Press December 13, 2023, 1:19 PM NEW YORK — Stocks that traded heavily or had substantial price changes on Wednesday: Tesla Inc., up $2.28 to $239.29. The electric vehicle maker is recalling more than 2 million vehicles across its model lineup to fix a problem…