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Business

Stocks end mixed after Federal notes progress on the US economy

Stock indexes capped a wobbly day of trading on Wall Street with mixed results Wednesday after the Federal Reserve said it was seeing improvement in the economy, but not enough to start dialing down its support measures. The S&P 500 slipped less than 0.1% after giving up a brief ...

Fed’s Powell downplays delta variant’s threat to the economy

WASHINGTON (AP) — The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on Wednesday, Federal Reserve Chair Jerome Powell injected a note of reassurance, ...

Weakness in tech stocks pulls Wall Street back from records

A slide in technology and consumer-oriented companies helped pull stocks lower on Wall Street Tuesday, dragging the major indexes below the record highs they set a day earlier. The S&P 500 fell 0.5%, snapping a five-day winning streak. The selling was most pronounced in technology and ...

IMF forecasts 6% global growth this year as economies reopen

WASHINGTON (AP) — The International Monetary Fund is sharply upgrading its economic outlook this year for the world’s wealthy countries, especially the United States, as COVID-19 vaccinations help sustain solid rebounds from the pandemic recession. But the 190-country lending agency has ...

$15 wage becoming a norm as employers struggle to fill jobs

WASHINGTON (AP) — The signs and banners are dotted along suburban commercial strips and hanging in shop windows and restaurants, evidence of a new desperation among America’s service-industry employers: “Now Hiring, $15 an hour.” It is hardly the official federal minimum wage — at ...

Stocks shake off a wobbly start and finish slightly higher

Wall Street capped a wobbly day for stocks with modest gains Monday, nudging the major indexes further into record territory. The S&P 500 shrugged off an early slide and gained 0.2%. Consumer-oriented companies, banks and energy and communications stocks helped lift the market. Those ...