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Stock market today: Markets are mixed after Fed’s rate hike

NEW YORK (AP) — Stocks are mixed Wednesday after the Federal Reserve announced its latest hike to interest rates but hinted the end to them may be near. The S&P 500 was down 0.3% in late trading, and it drifted between modest gains and losses immediately after the Fed’s announcement. The Dow Jones Industrial Average was down 158 points, or 0.5%, at 33,526, as of 3:28 p.m. Eastern time, while the Nasdaq composite was virtually flat. The move was widely expected, and it’s supposed to slow the economy further in hopes of getting inflation under control. The hope on Wall Street is ...

Audit your credit cards for greater savings

By Liz Weston Nerdwallet Are you getting the most out of your credit cards? It’s easy to keep using the same plastic, but fees and benefits change all the time. Investigate all the benefits each card offers, since you may have forgotten some and some may have been added. Then total up other monetary benefits — such as cash back — that you gained over the past year and compare that to the annual fee. Run your spending through a credit card comparison tool to see if there’s a better card for you. Finally, decide whether to close unwanted cards or ask an issuer for a card ...

Markets steady after FRB failure

NEW YORK (AP) — The latest historic U.S. banking failure is making few waves in markets, and stocks are drifting Monday as Wall Street braces for what it hopes will be the last hike to interest rates for a long time. The S&P 500 was virtually unchanged in late trading after regulators seized First Republic Bank and sold off most of it in hopes of preventing more turmoil in the industry. The Dow Jones Industrial Average was down 27 points, or 0.1% at 34,070, while the Nasdaq composite was 0.1% lower with a bit more than 40 minutes to go in trading. First Republic has been in the ...

Firm that hired kids to clean meat plants keeps losing work

OMAHA, Neb. (AP) — The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment like bone saws has continued to lose contracts with the major meat producers since the investigation became public last fall. For its part, Packers Sanitation Services Inc., or PSSI as it is known, said it has taken a number of steps to tighten up its hiring practices but it says the rising number of child labor cases nationwide is likely related to the increase in the number of minors crossing the U.S. border alone in ...

Investors sue Adidas over Kanye West partnership, fallout

WASHINGTON (AP) — Adidas is facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, the rapper formerly known as Kanye West, years before ending its partnership with him. The German sportsbrand cut ties with its star collaborator in late October, following Ye’s antisemitic comments on social media and in interviews. At the time, Adidas said the company “does not tolerate antisemitism and any other sort of hate speech” and called Ye’s remarks and actions “unacceptable, hateful and dangerous.” The ...

Judge rules against Google, allows antitrust case to proceed

ALEXANDRIA, Va. (AP) — A federal judge on Friday rejected a motion from Google to toss out the government’s antitrust case against it. U.S. District Judge Leonie Brinkema ruled the lawsuit alleging Google wields monopolistic power in the world of online advertising can proceed in its entirety. Her ruling is the second setback for Google at the federal court in Alexandria. Google had earlier tried to get the case consolidated with a similar lawsuit that’s been ongoing for several years in New York. But Brinkema ruled last month that the case can proceed in the Alexandria ...