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Business

Stocks fall as economy’s pain deepens, post a weekly loss

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. The S&P 500 fell 27.29, or 0.7%, to 3,768.25, with stocks of ...

U.S. retail sales fell in Dec. for the 3rd straight month

NEW YORK (AP) — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December ...

Apaches object to Forest Service review of huge copper mine

FLAGSTAFF, Ariz. (AP) — The U.S. Forest Service released an environmental review Friday that paves the way for the creation of one of the largest copper mines in the United States, against the wishes of a group of Apaches who have been trying for years to stop the project. The Forest ...

Late drop in Big Tech stocks pulls indexes mostly lower

Wall Street capped a day of listless trading Thursday with a late-afternoon pullback led by technology companies that left the major stock indexes in the red. The S&P 500 fell 0.4%. The benchmark index, which had been up by 0.4%, was weighed down by losses in Apple, Microsoft and other ...

Twitter CEO defends Trump ban, warns of dangerous precedent

SAN FRANCISCO (AP) — Twitter CEO Jack Dorsey defended his company’s ban of President Donald Trump in a philosophical Twitter thread that is his first public statement on the subject. When Trump incited his followers to storm the U.S. Capitol last week, then continued to tweet potentially ...

Wall Street drifts higher; Treasury yields slow their rise

Stocks notched modest gains Wednesday following another choppy day of trading on Wall Street, leaving the market near its recent record highs. The S&P 500 inched up 0.2% after flipping between small gains and losses in the early going. Gains in several Big Tech companies, including Intel, ...

Trump business backlash part of ‘cancel culture,’ son says

NEW YORK (AP) — The PGA canceled its tournament at his golf course. Banks say they won’t lend to him anymore. New York City is ending his contract to operate the Central Park skating rink. Hits to President Donald Trump’s business empire since the deadly riots at the U.S. Capitol are ...

Stocks notch gains on Wall Street; Treasury yields climb

Wall Street capped a wobbly day of trading Tuesday with modest gains, while Treasury yields extended their recent rally. The S&P 500 inched up less than 0.1% after flipping between small gains and losses for much of the day. About 62% of companies in the index rose, with energy sector ...

Social media crackdown continues after siege of US Capitol Building

LONDON (AP) — Social media platforms are continuing to crack down on fringe groups and conspiracy theories following last week’s deadly riot at the U.S. Capitol. Twitter suspended more than 70,000 accounts associated with the far right QAnon conspiracy and Facebook is removing posts and ...

Mexico sees holiday bump in tourism amid pandemic surge

TULUM, Mexico (AP) — The friends from Jackson, Mississippi, relaxed on lounge chairs dug into a white sand beach and romped in the turquoise Caribbean waters, grateful for a break from the pandemic winter in the United States. They were among tens of thousands of American tourists who ...