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Business

US bans WeChat, TikTok from app stores, threatens shutdowns

The U.S. Commerce Department said Friday it will ban Chinese-owned TikTok and WeChat from U.S. app stores on Sunday and will bar the apps from accessing essential internet services in the U.S. — a move that could effectively wreck the operation of both Chinese services for U.S. ...

Wall Street slumps as Big Tech leads the decliners once again

Another slide in technology companies helped pull stocks lower on Wall Street Thursday, extending losses from the day before. The S&P 500 lost 0.8% after having been down 1.7% earlier. The selling was widespread, with eight of the 11 sectors that make up the benchmark index ending the ...

Yes, stocks are pricey. But too expensive?

NEW YORK (AP) — Yes, stocks are expensive. Most everyone along Wall Street agrees on that following their amazing return to records despite the still-raging pandemic. But whether that’s something to worry about? Another question entirely. Analysts have many ways to measure whether a ...

US stocks close lower after Fed rate decision

Stocks closed lower on Wall Street Wednesday after a rally following the Federal Reserve’s latest interest rate policy update faded in the final hour of trading. The S&P 500 fell 0.5% after having been up 0.6% following the 2 p.m. Eastern time Fed announcement. The central bank ...

Panel’s report blasts Boeing, FAA for crashes, seeks reforms

A House committee issued a scathing report Wednesday questioning whether Boeing and government regulators have recognized problems that caused two deadly 737 Max jet crashes and whether either will be willing to make significant changes to fix them. Staff members from the Democrat-controlled ...

US outlines sweeping plan to provide free virus vaccines

WASHINGTON (AP) — The federal government outlined a sweeping plan Wednesday to make vaccines for COVID-19 available for free to all Americans, even as polls show a strong undercurrent of skepticism rippling across the land. In a report to Congress and an accompanying “playbook” for ...

Stocks give up part of an early gain but still end higher

Stocks overcame a late-afternoon burst of selling and closed higher Tuesday, as gains in big technology companies outweighed losses in banks and elsewhere in the market. The S&P 500 rose 0.5% after being up 1.1% earlier. It’s the second straight sizable gains for the benchmark index ...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed’s operating framework in ways that will likely keep short-term interest rates near zero for years to come. As a result, analysts expect the Fed will keep its ...

Petalo, not Charmin: Virus brings Mexican toilet paper to the US

NEW YORK (AP) — Toilet paper is back on store shelves. But you may not recognize some of the brands. Demand for toilet paper has been so high during the pandemic that in order to keep their shelves stocked, retailers are buying up foreign toilet paper brands, mostly from Mexico. Major ...

Wall Street posts solid gains after surge in corporate deals

Wall Street kicked off the week with a broad rally Monday, clawing back much of the stock market’s losses from last week. The S&P 500 rose 1.3%, led by gains in technology, health care and financial stocks. Small company stocks were among the biggest gainers. The rally reversed a big ...