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Business

Biden tells execs US needs to invest, lead in computer chips

WASHINGTON (AP) — President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push Monday for his $2.3 trillion infrastructure plan, telling them that the U.S. should be the world’s computer chip leader. “We need to build the ...

Microsoft buying speech recognition firm Nuance in $16 billion deal

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. Microsoft ...

Tech company gains help push S&P 500 to record high

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500 and Dow Jones Industrial Average to all-time highs. The S&P 500 rose 0.8% for its fourth record high this week and third straight weekly ...

Warehouse workers for Amazon reject union bid in Alabama

Workers at an Amazon warehouse in Bessemer, Alabama handed the online retail giant a decisive victory when they voted against forming a union and cut off a path that labor activists had hoped would lead to similar efforts throughout the company and beyond. After months of aggressive ...

Wholesale prices up 1% in March, energy leads the economic way again

SILVER SPRING, Md. (AP) — Wholesale prices jumped again in March pushed by another big increase in energy prices, the government reported Friday. The Labor Department’s producer price index, which measures inflation before it reaches consumers, rose 1% in March, follows last month’s ...

Stocks rise as lower bond yields help lift tech companies

Technology companies led stocks to more gains on Wall Street Thursday, nudging the S&P 500 to an all-time high for the third time this week. The benchmark index rose 0.4% and is on track for its third straight weekly gain. Stocks within the S&P 500 were about evenly split between ...

2 new airlines await Americans looking to fly somewhere

Americans are traveling in the greatest numbers in more than a year, and soon they will have two new leisure-oriented airlines to consider for those trips. Both hope to draw passengers by filling in smaller strands on the spider web of airline routes crisscrossing the United States. Avelo ...

US jobless claims up to 744K as virus still forces layoffs

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the ...

Meals in Spring program launched

LEWISTOWN — Geisinger partnered with chambers of commerce in several areas of Pennsylvania, including the Juniata Valley, to launch Meals in Spring and give back to the restaurants in the community hit hard by the pandemic. As part of the program, more than 23,000 Geisinger employees can ...

US stocks close mixed; S&P 500 notches another record high

Wall Street capped another choppy day of trading Wednesday with a mixed finish for stock indexes and another all-time high for the S&P 500. The benchmark index inched up 0.1% after spending much of the day wavering between small gains and losses. Technology, communication and financial ...