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Business

More gains for tech as stocks head for a 3rd monthly gain

Stocks closed higher on Wall Street Tuesday, extending the market’s recent winning streak after another strong showing by technology companies. The S&P 500 rose 0.4% and is on pace for its third straight monthly gain. The Nasdaq composite, which is heavily weighted with technology ...

Bubb receives Governor’s Award for local government excellence

Though the Governor’s Awards for Local Government Excellence award presentation, scheduled for April 6, was postponed due to the COVID-19 measures in place throughout the state, the award recipients were selected. This year’s designated award recipient for the individual category was ...

US meat industry puzzled by China’s import ban for 1 plant

OMAHA, Neb. (AP) — China’s decision to ban imports from a single Tyson Foods poultry plant where there was a coronavirus outbreak has raised concerns about the implications on the U.S. meat industry if the action is expanded to other plants. Chinese customs officials didn’t hint about ...

Stocks end with gains after shaking off a choppy start

A rally in technology companies helped stocks overcome a shaky start Monday, extending Wall Street’s solid gains from last week. The S&P 500 rose 0.6% after initially sliding 0.6% following weakness in overseas markets as the global tally of coronavirus infections approaches 9 million. ...

Luxury fashion challenged to confront racist attitudes

MILAN (AP) — When luxury fashion lined up social media posts to show solidarity with Black Lives Matters protests, brands got a whole lot of blowback. Transgender model and actress Munroe Bergdorf jumped on L’Oreal’s #BlackoutTuesday posts to accuse the beauty brand of hypocrisy for ...

Wirecard scandal: Missing billions likely don’t exist

BERLIN (AP) — German payment service provider Wirecard said Monday it has concluded that 1.9 billion euros ($2.1 billion) which were supposed to be held in two accounts probably don’t exist, deepening troubles that last week prompted the resignation of its chief executive. Wirecard AG was ...

Wall Street dips as virus fears drown out economy hopes

NEW YORK (AP) — Wall Street careened through all the forces that have pushed and pulled it through the week, at first rising on Friday amid hope for the economy and then falling on worries about worsening coronavirus levels in some states, all before ending with modest losses. The S&P ...

More American workers getting Juneteenth off as awareness grows

NEW YORK (AP) — A unprecedented number of U.S. companies are giving employees off for Juneteenth on Friday, raising hopes that the day commemorating the end of slavery could someday become a true national celebration. The momentum could hinge, however, on whether the country’s largest ...

Wall Street holds in neutral after wobbly day; yields fall

NEW YORK (AP) — Wall Street held at a near standstill on Thursday, with indexes split as caution about rising coronavirus infections in hotspots around the world washed over hopes for a coming economic recovery. The S&P 500 edged up by 0.1% after flip-flopping repeatedly between small ...

Persistently high layoffs suggest a slow US economic rebound

WASHINGTON (AP) — Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession. The number of laid-off workers seeking unemployment benefits ...