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Wire stories category, Page 3

Pope Francis, first Latin American pontiff, dies at 88
Trump extends TikTok deadline another 75 days as U.S. continues to look for deal
WEST PALM BEACH, Fla. — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership. Congress had mandated...
Believe it or not, there were some winners in the stock market this week
NEW YORK — Most of the numbers on Wall Street this week were bright red, but not all of them. Companies that focus on food, health care and other necessities gained ground or held relatively stable, despite a slump in the broader stock market over worries about an escalating trade...
Dow plunges 2,100 in worsening global sell-off after China retaliates against Trump tariffs
NEW YORK — The worldwide sell-off for financial markets is slamming into an even higher, scarier gear. The S&P 500 tumbled 5.7% Friday, the Dow Jones Industrial Average plunged 2,100 points and the Nasdaq composite dropped 5.7%. Markets are facing their worst crisis since the covid-19 crash after China matched...
Steph Curry scores a 3-book deal, starting with a “personal reflection” on his life and career
NEW YORK — Steph Curry has a deal with a Random House Publishing Group imprint that you could call a 3-point play. The NBA superstar has agreed to release three books through One World, beginning Sept. 9 with “Shot Ready,” which Curry is calling a “personal reflection” on his life...
Wisconsin judge won’t stop Musk’s $1 million payments to voters. Attorney general appeals
MADISON, Wis. — A Wisconsin judge on Saturday declined to stop billionaire Elon Musk from handing over $1 million checks to two voters in the state at a planned rally days before the closely contested Supreme Court election. The state attorney general, who argues that the offer violates the law,...
U.S. Naval Academy ends affirmative action in admissions
ANNAPOLIS, Md. — The U.S. Naval Academy will no longer consider race, ethnicity or sex as a factor for admission to the service institution, a response to an executive order by President Donald Trump, according to federal court documents made public Friday. The change in policy was made in February...
Copper prices have soared as the U.S. threatens tariffs on the metal and China boosts its economy
NEW YORK — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal’s...
Dollar Tree sells Family Dollar to private equity firms after a decade of trying to find a fit
Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after a decade of trying to make its acquisition of the bargain chain fit. Dollar Tree Inc. acquired Family Dollar for more than $8 billion in 2015 after a bidding war with rival Dollar...
Ben & Jerry’s alleges parent company Unilever removed its CEO over social activism
Ben & Jerry’s says its CEO was unlawfully removed by its parent company, Unilever, in retaliation for the ice cream maker’s social and political activism. In a federal court filing late Tuesday, Ben & Jerry’s said Unilever informed its board on March 3 that it was removing and replacing Ben...
PepsiCo buys prebiotic soda brand Poppi to gain foothold in functional drinks
PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and...
Gold rises to new heights as anxiety grips markets. Here’s what you need to know
NEW YORK — Amid widespread economic turmoil, the price of gold has soared to levels never seen before. Gold futures surpassed the $3,000 per troy ounce for the first time this week. The price to buy gold on the spot market in New York is following closely behind. Interest in...
Wall Street tumbles 10% below its record after Trump escalates his trade war
NEW YORK — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is a big enough deal that professional investors have a name for it...
Explainer: What’s a recession and why is rising anxiety about it roiling markets?
WASHINGTON — Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession. The tech-heavy Nasdaq stock index slipped into a correction last week, defined as a...
Trump’s efforts to help Tesla could hurt it instead
Donald Trump’s support for Elon Musk’s car company could end up hurting it. Tesla investors cheered Tuesday as Trump came to the defense of Musk’s beleaguered and boycotted carmaker by lavishing the Tesla CEO with praise in a press conference as five Teslas lined up in the White House driveway....
Money Matters: How to roll over an old 401(k)
Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind. And so it is with your old 401(k). If deciding what to do with an old (k)...
Dow drops 890 and S&P 500 sinks 2.7% as worries deepen about damage to the economy from trade strife
NEW YORK — The U.S. stock market’s sell-off got worse. The S&P 500 fell 2.7% Monday as worries build about how much pain President Donald Trump is willing for the economy to endure through tariffs in order to get what he wants. The Dow Jones Industrial Average dropped 2.1%, and...
Walgreens agrees to be acquired by private equity firm for almost $10 billion
NEW YORK — Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just...
Mortgage rates have declined but could stay at a level that makes it tough to afford a home
LOS ANGELES — Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. But the same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty...
TKO Group, which houses WWE and UFC, partners with Saudi entertainment authority on boxing league
NEW YORK — TKO Group, the company that houses WWE and UFC, entered a multiyear agreement with the Saudi General Entertainment Authority to create a new boxing promotion, it was announced Wednesday. Led by UFC president and CEO Dana White and WWE president and TKO board member Nick Khan, TKO...
Cybercrime crew stole then resold hundreds of tickets to Swift concerts, prosecutors say
NEW YORK — A cybercrime crew stole then resold more than 900 digital tickets to Taylor Swift concerts and other pricey events on StubHub, according to prosecutors in New York. The international scam involved people working in Jamaica for a firm contracted by the online ticket marketplace, Queens District Attorney...
BlackRock strikes deal to bring ports on both sides of Panama Canal under American control
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane. In...
Wall Street wipes out all post-election gains for S&P 500 
Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains since Election Day for the S&P 500. The Trump administration imposed tariffs on imports from Canada and Mexico starting Tuesday and doubled tariffs...
Dow drops nearly 650 as worries build about the economy as a result of Trump’s latest tariff announcement 
NEW YORK — A sell-off hit Wall Street after President Donald Trump said tariffs he had announced earlier on Canada and Mexico would take effect within hours. The S&P 500 dropped 1.8% Monday after Trump said there was no room left for negotiations that could lower tariffs set to begin...
Trump cutoff of humanitarian parole for immigrants from Ukraine, 6 other countries challenged
MIAMI — A group of American citizens and immigrants is suing the Trump administration for ending a long-standing legal tool presidents have used to allow people from countries where there’s war or political instability to enter and temporarily live in the U.S. The lawsuit filed late Friday night seeks to...
Texas GOP leaders defend appointee after tense exchange over diversity hiring
AUSTIN, Texas — An appointee of Texas Gov. Greg Abbott wiped away tears and gave an emotional defense of her credentials after a tense exchange over diversity hiring policies, which was later followed by the state’s top Republicans rushing to support her publicly. Texas Water Board Development Chair L’Oreal Stepney,...


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