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Stock market today: Wall Street slips in final days … U.S. stocks fell Monday as a strong year for the market looks set to end on a sour note. The S&P 500 fell 0.6% in afternoon trading. Roughly 90% of stocks within the index lost ground. With just two days left in 2024, the benchmark index is still on track for its second straight yearly […]
Value-seekers drove 2024’s retail trends and dead … Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled customers traded down to Walmart and Aldi. Diners opted for fast food or home cooking instead of sit-down restaurants. Department stores struggled […]
Big Lots reaches deal to keep hundreds of US stores … The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores and distribution centers open. Big Lots said Friday it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies. Gordon Brothers will then transfer Big Lots’ stores, […]
Richard Parsons, prominent executive who led Time … NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday. He was 76. Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a […]
Stock market today: Wall Street slips as the ‘Magnificent … NEW YORK (AP) — Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size. The S&P […]
Another unticketed passenger attempts to stow away … In the thick of holiday travel, another unticketed passenger attempted to stow away on a Delta Air Lines flight. The stowaway, who has not been identified by name, boarded a flight from Seattle to Honolulu on Christmas Eve. Atlanta-based Delta said that the unticketed passenger was discovered while the plane was taxing for departure. Per […]
Should you worry about overfunding your 529 plan? 529 college savings plans are powerful tools to help pay for the mounting costs of an education. Why are some people hesitant to use them? One common concern is oversaving. You can use 529 funds to cover only qualified education expenses without incurring a tax penalty, but it can be hard to pinpoint how much […]
10 tips from experts to help you change your relationship … NEW YORK (AP) — With the end of 2024 around the corner, you might be reflecting on financial goals for 2025. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated, said Courtney Alev, consumer advocate for Credit Karma. “Entering a new […]
Most Americans blame insurance profits and denials … WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger, according to a new poll. In the survey from NORC at the University of Chicago, about 8 in 10 U.S. adults said the […]
Suzuki Motor former boss Osamu Suzuki, who turned … TOKYO (AP) — Osamu Suzuki, the charismatic former boss of Suzuki Motor Corp. who helped turn the Japanese mini-vehicle maker into a globally competitive company, has died, the company said Friday. He was 94. Suzuki was known for his candid remarks and friendliness, calling himself an “old guy from a small to mid-size company.” He […]
Stock market today: Wall Street drifts to a mixed … Stock indexes drifted to a mixed finish on Wall Street Thursday, as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones […]
Holiday shoppers increased spending by 3.8% despite … Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of […]
How the stock market defied expectations again this … NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices […]
Five facts about electric vehicles in 2024 DETROIT (AP) — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds. In a milestone for China, the world’s biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in […]
US applications for unemployment benefits hold steady, … WASHINGTON (AP) — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21, the Labor Department reported Thursday. That’s fewer than the 223,000 analysts forecast. Continuing claims, […]
Russian ship that sank in the Mediterranean was attacked, … MOSCOW (AP) — The Russian operator of a cargo ship that sank in the Mediterranean Sea between Spain and Algeria said Thursday that it had been hit by a series of explosions in an act of sabotage. Oboronlogistica, a state-controlled company that operated the Ursa Major freighter, said it was wrecked by three powerful explosions […]
Japan to maximize nuclear power in clean-energy push … TOKYO (AP) — A government-commissioned panel of experts on Wednesday largely supported Japan’s new energy policy for the next few years that calls for bolstering renewables up to half of electricity needs by 2040 while maximizing the use of nuclear power as the country seeks to accommodate the growing power demand in the era of […]
Stock market today: Asian shares are mostly lower, … BANGKOK (AP) — Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan’s Nikkei 225 index edged 0.1% lower to 38,997.02, while the Shanghai Composite index lost 0.2% to 3,387.41. Thursday will bring a weekly update on U.S. unemployment benefits. Also […]
Heavy travel day starts with brief grounding of all … WASHINGTON (AP) — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered […]
Stock market today: Wall Street rallies ahead of … Technology stocks led a broad rally on Wall Street Tuesday during a holiday-shortened trading session ahead of Christmas. The S&P 500 rose 1.1% for its third-straight gain. The Dow Jones Industrial Average added 0.9%, and the tech-heavy Nasdaq composite climbed 1.3%. While Big Tech companies, including Apple, Amazon and chip company Broadcom helped push the […]
