Wire stories category, Page 44
Mark Cuban’s prescription drug company in talks with hospitals to fill drug shortages
Mark Cuban’s prescription drug company, known for “cutting out the middle man,” is in conversations with hospitals around the nation to identify the most common drug shortages. The goal is to fill the gap by targeting production at its new manufacturing facility in Dallas toward cranking out the most needed...
GivingTuesday raises $3.1B for charities in tough economy
NEW YORK — GivingTuesday raised a record $3.1 billion in 24 hours for charitable causes in the U.S. earlier this week, as the event that started as a hashtag in 2012 celebrated its 10th anniversary and its status as a staple of fundraising for nonprofits, the group’s leader said Wednesday....
Media layoffs mount as CNN announces it will make cuts this week
CNN employees are in for a rough week as the news network’s chief, Chris Licht, told staff to prepare for a round of layoffs. The cuts have been anticipated as CNN parent Warner Bros. Discovery is looking for cost reductions across the company as it tries to bring down debt....
Stocks rally after Fed chair signals slowdown in rate hikesVideo
Wall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation. Fed Chair Jerome Powell, speaking at the Brookings Institution, reaffirmed that...
Lordstown Motors shipping out first batch of electric trucks
LORDSTOWN, Ohio — Commercial electric vehicle startup Lordstown Motors has received approval to ship the first batch of its first model, the Endurance pickup. The company announced Tuesday that the first units of the initial batch of 500 trucks were leaving the plant after they passed safety tests and hit...
Amazon says it had its biggest Thanksgiving shopping weekend
NEW YORK — Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation. The e-commerce company does not typically share how much it earns during its sales events and did not disclose its overall...
West Virginia cash-for-worker program adds 4th destination
CHARLESTON, W.Va. — A program offering cash and free outdoor adventures to remote workers to move to West Virginia with the hope of offsetting population losses has welcomed 143 new residents in the year since it launched, officials announced Tuesday. The public-private program Ascend West Virginia said it has added...
Heating oil prices could go up as much as 45% in Pa.
Pennsylvania homeowners who use heating oil could see their bills increase 45% this winter due to higher prices and colder temperatures. The U.S. Energy Information Administration said this month that low inventory of fuels used for diesel and home heating oil will lead to high prices through the start of...
4 reasons for thrift store gifts this year
Thrifting is hot, and Goodwill finds are cool again. But while we’re thrilled to find the perfect throwback tee for our own closet, gifting used goods still carries a stigma for some. It shouldn’t. Secondhand gifts are better for your wallet, your community and the environment. “The planet is drowning...
U.S. consumer confidence falls in November for 2nd month
U.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoffs in the tech sector. The Conference Board reported Tuesday that its consumer confidence index fell to 100.2 this month, down from 102.2 in October. November’s figure is the lowest since...
U.S. stocks edge higher in unsteady trading, oil prices rise
NEW YORK — Stocks edged mostly higher in unsteady trading on Wall Street Tuesday as some concerns dissipate over protests in China against that country’s severe covid restrictions. The S&P 500 rose 0.1% as of 10:19 a.m. Eastern after bobbing between small gains and losses throughout the morning. The Dow...
Stock indexes fall as lockdown protests spread in ChinaVideo
A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe covid-19 restrictions. The S&P 500 fell 1.5%, clawing back all of the benchmark index’s gains from last week....
Biden calls on Congress to head off potential rail strike
OMAHA, Neb. — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, and House Speaker Nancy Pelosi said lawmakers would take up legislation this week to impose the deal that unions agreed to in September. “Let...
Cyber Monday deals lure in consumers amid high inflation
NEW YORK — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber Monday is expected to remain the year’s biggest online shopping day and rake...
Holiday survival tips from 5 financial pros
For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his shopping list in December. “It very much eases the burden,”...
Germany, France pledge mutual support to avert energy crunch
BERLIN — Germany and France pledged Friday to provide each other mutual support in preventing a possible energy crisis after supplies from Russia dried up amid the war in Ukraine. As part of a joint agreement signed by German Chancellor Olaf Scholz and French Prime Minister Elisabeth Borne, Germany will...
Taylor Swift’s NYC townhouse up for rent
NEW YORK — The 19th-century Manhattan townhouse that served as the inspiration for Taylor Swift’s 2019 song, “Cornelia Street,” is on the rental market. The historic West Village property, located at 23 Cornelia St., is available for $45,000 a month, according to Architectural Digest. Built in 1870, the four-bedroom, seven-bathroom...
Thanks, inflation: Cost of ’12 Days of Christmas’ items nears $200,000
The tune is oh so familiar. Not just the “and a partridge in a pear tree.” We’re talking “more than last year.” Financial services firm PNC has for 39 years compiled the consumer costs for those who would wish to make corresponding purchases for their true love replicating “The Twelve...
Stocks gain ground on Wall Street ahead of holiday
Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.” The S&P 500 rose 0.6%, while the Dow Jones Industrial Average gained 0.3%. The Nasdaq composite closed...
Free returns less common for online shoppers
One of the foundations of online shopping has been free returns, but not anymore. After years of subsidizing them, more retailers are charging customers to send back unwanted goods. It’s a risky move because shoppers have become accustomed to buying an item in multiple sizes and colors and returning what...
Shoppers hunt for deals but inflation makes bargains elusive
NEW YORK — Consumers holding out for big deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year. While retailers are advertising sales of 30%, 50% and 70% off everything from TVs...
Edmunds: How to mitigate rising auto loan interest rates
The Federal Reserve issued its latest interest rate hike in early November. It marks the sixth increase this year and has pushed new auto loan finance rates to their highest since 2019. Rates for used cars have also hit their highest since 2010. This will affect car shoppers this holiday...
Carriers feeling cheery about on-time holiday deliveries
The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy. Carriers like the U.S. Postal Service, FedEx and United Parcel Service project to have enough capacity after struggling under the holiday...
Big rail unions split on contract with engineers ratifying
OMAHA, Neb. — Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening the health of the economy just before the holidays and casting more doubt on whether the industry will be able to resolve the labor dispute before next month’s deadline...
U.S. home sales fell in October for 9th straight month
Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month from...
