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Business

Stocks give up early gains and end lower on Wall Street

A late-afternoon slide on Wall Street dragged stocks broadly lower Wednesday, wiping out early gains and adding to losses from a day earlier as investors worry about the economic fallout from surging coronavirus cases in the U.S. The S&P 500 fell 1.2%. It had been up 0.3% in the early ...

FDA allows 1st rapid virus test that gives results at home

WASHINGTON (AP) — U.S. regulators on Tuesday allowed emergency use of the first rapid coronavirus test that can be performed entirely at home and delivers results in 30 minutes. The announcement by the Food and Drug Administration represents an important step in U.S. efforts to expand ...

AP investigation: Female palm oil workers face abuse, no pay

By The Associated Press Key findings of The Associated Press’ investigation into the treatment of female palm oil workers in Indonesia and Malaysia: — Women on plantations often face sexual abuse, ranging from verbal harassment and threats to rape, and victims rarely speak out. When they ...

Stocks fall as virus worries force big rally to take a pause

NEW YORK (AP) — Worries about the worsening pandemic pushed Wall Street to tap the brakes Tuesday on its big November rally, which had vaulted stocks back to record heights. Treasury yields also dipped after a report showed U.S. shoppers spent less at retailers last month than economists ...

Financially troubled startup powered Trump campaign

SAN FRANCISCO (AP) — President Donald Trump’s 2020 reelection campaign was powered by a cell phone app that allowed staff to monitor the movements of his millions of supporters, and offered intimate access to their social networks. While the campaign may be winding down, the data strategy ...

S&P 500 closes at record as possible vaccine lifts markets

The S&P 500 closed at a record high on Friday as optimism built among investors that a coming vaccine for the coronavirus will help end the shutdowns that have devastated the economy. The benchmark index posted its second weekly gain in a row. Markets also welcomed the election of Joe ...

History points to gains from post-election for Wall Street

Wall Street is moving past the uncertainty of election season and, if history is a guide, investors can indeed breathe a sigh of relief. Stocks typically post solid gains following an election, no matter which party controls the White House or Congress. On average the S&P 500 gains 8.1% ...

Online shopping surge could lead to holiday delivery delays

NEW YORK (AP) — Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays. FedEx and UPS are ramping up their holiday hiring while expanding their weekend operations and asking retailers to use their shipping ...

Rally fades on Wall Street, pulling indexes below records

NEW YORK (AP) — Stocks closed mostly higher on Wednesday, helped by big technology stocks, but news of tighter restrictions in New York State helped dent an earlier rally. The S&P 500 closed up 27.13 points, or 0.8%, to 3,572.66. The benchmark index is now just 8 points below the record ...

Defense begins questioning in Japan trial over Ghosn’s pay

TOKYO (AP) — The defense team for former Nissan executive Greg Kelly began questioning a key prosecution witness in a Tokyo court this week, seeking to show the alleged underreporting of income of his boss Carlos Ghosn was devised by others at the automaker. Since the trial began in ...