Wire stories category, Page 4
Nvidia tops $5 trillion in total value as Wall Street waits for a Fed announcement
NEW YORK — U.S. stocks are rising toward more records on Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about what it will do with interest rates. The S&P 500 added 0.3% in morning trading. The Dow Jones Industrial Average was up 231 points,...
U.S. athletes ‘conscious’ of American image at 2026 Winter Olympics
NEW YORK-U.S. athletes are preparing for anti-American feeling ahead of the Milano-Cortina Winter Olympics, U.S. Olympic and Paralympic Committee (USOPC) leaders said on Tuesday, a little over three months before next year’s global event. U.S. President Donald Trump’s sweeping tariff regime and other policies, including strict travel bans, have sparked...
Amazon to cut about 14,000 corporate jobs in AI push
SAN FRANCISCO — Amazon said Tuesday it will reduce its corporate workforce by about 14,000 people, in a major shakeup driven in part by adoption of artificial intelligence that will result in more cuts next year as well. This will help the company with “further reducing bureaucracy, removing layers, and...
Wall Street scales fresh highs on tech earnings, U.S.-China trade optimism
Wall Street’s main indexes posted record closing highs for the second day in a row on Monday as investors were hopeful about the prospects for a U.S.-China trade deal and looked forward to a week packed with high-profile technology earnings and a widely expected U.S. interest rate cut. President Donald...
Automakers face serious production disruptions because of looming chips crisis
The Detroit automakers are staring at a looming semiconductor chip crisis that could put the brakes on much of their new car production. A group representing major carmakers has warned that a dispute between China and the Dutch government has brought on a disruption in the delivery of semiconductor chips,...
Target plans to cut 1,800 corporate roles, Wall Street Journal reports
Target plans to cut around 1,800 corporate roles as part of its strategy to reverse stagnant sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter. As of February 1, the company had about 440,000 employees. The company’s restructuring follows 11 consecutive quarters of weak or...
Grounded paychecks: 60,000 air safety workers tighten belts as U.S. shutdown drags on
The 60,000 men and women responsible for keeping American skies safe have gone unpaid throughout the government shutdown. Without a funding agreement soon, many will be forced to dip into savings, rack up credit-card debt, or take on part-time jobs to make ends meet, several federal employees said. The shutdown...
OpenAI launches Atlas browser to compete with Google Chrome
OpenAI introduced its own web browser, Atlas, on Tuesday, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions. Making its popular AI chatbot a gateway to online searches could allow OpenAI, the world’s most valuable startup, to pull...
Trump urges American cattle ranchers to lower prices as he touts tariffsVideo
WASHINGTON — President Donald Trump on Wednesday said U.S. cattle ranchers are benefiting from tariffs he has imposed on imports but must lower prices to encourage American consumers to buy their beef. Trump earlier this week said the administration was considering importing Argentine beef as a means of lowering record-high...
Trump says 100% tariffs on China not sustainable
WASHINGTON — President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable but blamed China for the latest impasse in trade talks that began with Beijing tightening control over its rare earth exports. Asked whether such a high tariff was sustainable and what that...
U.S. rejects bid to lease coal from public lands in Utah as sales in western states fall flat
BILLINGS, Mont. — Federal officials rejected a mining company’s bid for more than 6 million tons of coal beneath a national forest in Utah, marking the third proposed coal sale from public lands in the West to fall through this month, the Interior Department disclosed Thursday. The failed sales mark...
Miss Major, ‘foundational mother’ of transgender movement, Stonewall veteran, dies at 78
Miss Major Griffin-Gracy, an early activist for transgender rights and one of the protesters in the Stonewall Inn riots that sparked the modern movement for LGBTQ+ equality, has died. She was 78. Miss Major, as she was known professionally, died on Oct. 13 in the comfort of her home in...
U.S. air safety at risk with traffic controllers as ‘pawns’ in shutdown, official says
ARLINGTON, Virginia/NEWARK-More than 13,000 U.S. air traffic controllers face rising stress and financial insecurity after Tuesday’s disbursement of what will be their last paycheck during the government shutdown, posing potential risks for air travel, the head of an employee union said. Transportation Secretary Sean Duffy said last week that staffing...
Trump awards Charlie Kirk nation’s top honor: Presidential Medal of Freedom
WASHINGTON — President Donald Trump on Tuesday awarded the Presidential Medal of Freedom, the nation’s highest civilian honor, to slain activist Charlie Kirk, a prominent voice in the conservative movement before his assassination last month. “Today we’re here to honor and remember a fearless warrior for liberty, beloved leader who...
Trump says he will unveil list on Friday of ‘Democrat programs’ to be shut
WASHINGTON - President Donald Trump said on Tuesday at the White House that his administration planned to produce a list on Friday of “Democrat programs” that will be closed as a result of the ongoing federal government shutdown. He did not specify the programs but indicated that the closures would...
How the United States is eating Trump’s tariffs
FRANKFURT/WASHINGTON — U.S. companies and consumers are bearing the brunt of the country’s new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve’s fight against inflation. Trump famously predicted that foreign countries would pay the price of his protectionist policies, wagering that exporters...
Analysis: How the United States is eating Trump’s tariffs
U.S. companies and consumers are bearing the brunt of the country’s new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve’s fight against inflation. Trump famously predicted that foreign countries would pay the price of his protectionist policies, wagering that exporters would absorb...
Major U.S. online retailers remove listings for millions of prohibited Chinese electronics
The chair of the Federal Communications Commission said Friday major U.S. online retail websites have removed several million listings for prohibited Chinese electronics as part of a crackdown by the agency. FCC Chair Brendan Carr said in an interview the items removed are either on a U.S. list of barred...
Wall Street selloff raises worries about market downturn
NEW YORK — Investor worries Wall Street’s record stock rally would soon fizzle loomed large after tariffs re-emerged as a market risk. U.S. equity markets, fresh off midweek record highs, performed an about-face Friday after President Donald Trump revived threats to hike tariffs against China, triggering worries that a possible...
Oil prices fall as risk premium fades after Gaza deal
LONDON -Oil prices declined to multi-month lows on Friday as the market’s risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza. Brent crude futures were down $1.73, or 2.7%, at $63.49 a barrel at 1316 GMT. Earlier, they...
THC drinks, gummies, other hemp products face ban in Ohio. Businesses not happy
Ohio Gov. Mike DeWine has banned the sale of intoxicating hemp products — such as THC-infused gummies and beverages sold in gas stations, taprooms and retail shops — for 90 days. His executive order, signed on Wednesday, requires retailers to remove products and cease sales by 12:01 a.m. Tuesday. Intoxicating...
U.S. postpones Wyoming coal lease sale after disappointing Montana auction
The Trump administration has postponed a scheduled sale of coal leases on federal lands in Wyoming two days after a disappointing auction in Montana, an Interior Department spokesperson said Wednesday. The Bureau of Land Management, a division of Interior that manages 245 million acres of federal lands, had been expected...
Fire at Ford supplier set to disrupt business for months, WSJ reports
A fire that broke out at Novelis’ New York plant in Oswego will disrupt business at Ford and other automakers for months, the Wall Street Journal reported Monday. Ford, the biggest user of the plant’s aluminum, will likely flag potential implications of the setback to investors when it discloses quarterly...
Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture
WASHINGTON — President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on imported kitchen cabinets, bathroom vanities and upholstered furniture, with the rate on the latter categories to jump next year. Trump signed a presidential proclamation laying out his argument...
Trump administration to expand coal leasing, fund coal plant upgrades
WASHINGTON — The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the...
