Wire stories category, Page 56
Realtors to conservatives living in liberal areas: Try Idaho
SANDPOINT, Idaho — Linda Navarre moved to Sandpoint, Idaho, from Cleveland in 1978, when the town consisted of people in the timber industry and hippies “and they all got along.” Now she barely recognizes the small resort community near the Canadian border that is quickly growing as people disenchanted with...
Kohl’s to open 100 small-format stores, expand Sephora shops
Department store chain Kohl’s said it expects to increase sales by a low-single-digit percentage annually, with plans to open 100 new small-format stores in the next four years and expand Sephora-branded shops to 850, among other moves. Kohl’s announced its long-term goals on Monday ahead of the company’s annual investor...
New offices for the hybrid era? Many companies are on board
OMAHA, Neb. — If you build a shiny new office building, will your employees show up to work in it? Many U.S. companies are banking on it because they believe working in person is better for collaboration and training young employees. So even though most employees are still working from...
China cuts economic growth goal as it tries to reverse slump
China on Saturday cut its annual economic growth target to its lowest level in decades as Beijing struggles to reverse a slump at a time when Russia’s war on Ukraine is pushing up oil prices and roiling the global economy. The ruling Communist Party will aim for growth of “around...
Microsoft closes on $16 billion acquisition of Nuance
Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft Corp. get more entrenched into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. The acquisition is Microsoft’s second-largest after its...
Russia’s war spurs corporate exodus, exposes business risks
LONDON — Car factories idled, beer stopped flowing, furniture and fashion orders ceased, and energy companies cut their pipelines. Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Mercedes-Benz and BP — to pull...
Stocks end another bumpy day lower and crude oil prices ease
NEW YORK — Stocks fell and oil prices eased back Thursday after another bumpy day of trading on Wall Street as markets remained anxious about the broader impact of Russia’s invasion of Ukraine. Major indexes veered up and down for much of the day before a late-day slide pushed them...
Amazon to close all its bookstores in the U.S., United Kingdom
NEW YORK — Amazon is confirming it’s closing all of its bookstores as well as its 4-star shops and pop up locations as the online behemoth reworks its physical footprint. The Seattle-based company said Wednesday that the move, which affects 66 stores in the U.S. and two in the United...
Wall Street roars back to rally mode, even as oil rises anew
NEW YORK — Wall Street took another sharp swing Wednesday, this time back to rally mode, as stocks and Treasury yields rose even as U.S. crude oil prices climbed to the highest level in more than a decade. The S&P 500 rose 1.9%, recouping its losses from earlier in the...
Millennial Money: Viral savings challenges that pay off
Among the different ways to trick yourself into saving, money-saving challenges are some of the most engaging. They can help you feel connected to finances by requiring frequent check-ins and debunking feelings of inadequacy when it comes to saving. For Cristina Brown, a self-described savings-challenge designer and founder of the...
Swings return to Wall Street, oil up after Russia sanctions
NEW YORK — Markets quivered Monday amid worries about how high oil prices will go and how badly the global economy will get hit after the United States and allies upped the financial pressure on Russia for its invasion of Ukraine. Stocks swung up and down several times, leaving the...
BP exiting stake in Russian oil and gas company Rosneft
BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine. BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at $14 billion. London-based BP also said its CEO, Bernard Looney,...
Potent protest: Bars drop Russian vodka, promote Ukraine’s
Some bars and liquor stores think they’ve found a potent way to punish Russia for invading Ukraine: They’re pulling Russian vodka off their shelves and promoting Ukrainian brands instead. “I woke up yesterday morning, and I saw that Russia had invaded Ukraine. You wonder what you can do,” said Bob...
How joining the Great Resignation could hamper homebuying plans
If you joined the Great Resignation in the last year, you may have found it even harder to compete in the already wild pandemic housing market. A record number of Americans quit their jobs in 2021, according to the Bureau of Labor Statistics, and while it was a liberating experience...
How much will the Fed raise interest rates in 2022? Here’s what experts are saying
Consumers may soon see the most aggressive Federal Reserve in decades. Expectations are growing that the U.S. central bank will hike interest rates this year by the most since 2005. How much depends on who you ask: Goldman Sachs is penciling in seven increases, while traders are betting on at...
Wall Street reels, then recovers after invasion of Ukraine
NEW YORK — Markets swung wildly Thursday as the world reacted to Russia’s invasion of Ukraine. Stocks in Europe fell sharply, while stocks in the U.S. recovered from early losses after President Joe Biden stopped short of implementing the steepest possible sanctions against Russia. The S&P 500 rallied 1.5% after...
Wall Street losses mount amid simmering Ukraine crisis
NEW YORK — Wall Street’s losses mounted Wednesday as world leaders waited to see if Russian President Vladimir Putin orders troops deeper into Ukraine. The S&P 500 fell 1.8% to an 8-month low, deepening the benchmark index’s “correction,” or a loss of 10% from its recent peak. More than 85%...
If your life changed in 2021, watch for income tax surprises
The events of 2021 didn’t always play out as expected. A lingering pandemic, a shifting government response and a wave of career moves meant many people ended the year in a far different place from where they began. Now, as the income tax filing deadline approaches, those life changes may...
Stocks slide further amid Ukraine crisis; S&P in correctionVideo
NEW YORK — Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions. The rising geopolitical tensions kept financial markets on edge, pulling the S&P 500 into a correction — Wall Street speak for a drop...
Kmart is down to its last 4 stores in the country
AVENEL, N.J. — On a busy stretch of Route 35 near Rahway, N.J., one of the nation’s last Kmart stores looks like a relic from the past. Its big red K is faded and cracked. Inside this most American of retail stores, popular for K Cafe luncheonettes and Bluelight Specials,...
Stocks fall again, handing Wall Street another losing week
Stocks are closing lower on Wall Street Friday, leaving indexes with a second weekly loss in a row after another bout of turbulence shook markets. The S&P 500 fell 0.7%, the Dow Jones Industrial Average lost 0.7% and the Nasdaq fell 1.2%. Investors have been watching the latest developments in...
January home sales rise ahead of expected rate hikes
Sales of previously occupied homes rose in January as a surge in buyers with cash and others eager to avoid higher mortgage rates snapped up properties, leaving the number of available houses on the market at a record low. Existing home sales rose 6.7% last month from December to a...
Construction wraps on problem-plagued Mariner East pipeline
PHILADELPHIA — Work is finished on a multibillion-dollar pipeline system that connects the vast Marcellus Shale gas field in western Pennsylvania to an export terminal near Philadelphia, according to its corporate owner, which faces criminal charges that it fouled waterways and residential water supplies during pipeline construction. Energy Transfer said...
U.S. approves new headlights that won’t blind oncoming drivers
DETROIT — Anyone who has ever been temporarily blinded by high-beam headlights from an oncoming car will be happy to hear this. U.S. highway safety regulators are about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create...
Disney World: No more masks indoors for vaccinated visitors
ORLANDO, Fla. — Starting this week, the masks are coming off for vaccinated visitors to Walt Disney World in Florida. The theme park resort announced Tuesday that face coverings will be optional for fully-vaccinated visitors in all indoor and outdoor locations, with one exception. Face masks still will be needed...
