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Business

US stock indexes wobble a day after biggest drop since May

Stock indexes were wobbling between small gains and losses in afternoon trading on Wall Street Tuesday following a sharp pullback a day earlier. The S&P 500 was up less than 0.1% as of 2:36 p.m. Eastern, giving up most of an early gain. The Dow Jones Industrial Average slipped 10 points, ...

US sues to stop deal between American Airlines and JetBlue

By The Associated Press The Justice Department and officials in six states have filed a lawsuit to block a partnership formed by American Airlines and JetBlue, claiming that it will reduce competition and lead to higher fares. The Justice Department said Tuesday that the agreement will ...

Global Citizen’s Hugh Evans hoping music can mobilize world

By The Associated Press Hugh Evans started his fight against extreme poverty by mobilizing his friends when he was growing up in Australia. On Saturday, Evans will try to mobilize the world to tackle poverty and COVID-19 with Global Citizen Live, a 24-hour live concert featuring The Weekend, ...

Stocks drop the most since May on worries over China

Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about heavily indebted Chinese real estate developers — and the damage they could do to investors worldwide if they default — rippled ...

UK gov’t says lights will stay on despite energy price surge

LONDON (AP) — Britain’s business secretary said on Monday that there is no danger that people won’t be able to heat their homes this winter after a surge in natural gas prices forced him to hold emergency talks with energy suppliers and consumer groups. Kwasi Kwarteng also assured ...

Fed likely to signal a coming pullback in economic support

WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it’s given the economy since the pandemic struck 18 months ...