NEW YORK (AP) — Stocks tumbled again Friday, and this time bond yields joined in the swoon as worries about an imminent Russian invasion of Ukraine piled onto Wall Street’s already heavy list of concerns about inflation and interest rates. The S&P 500 lost 1.9% after the White House encouraged all U.S. citizens to leave…
WASHINGTON (AP) — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Kentucky. Now, they’re about to throw in the towel. In the past year, the costs of ingredients for their business, Art Eatables, have surged between 10%…
CAPE CANAVERAL, Fla. (AP) — SpaceX’s Elon Musk said Thursday that the first orbital flight of his towering Starship — the world’s most powerful rocket ever built — could come in another month or two. While he anticipates failures, he’s confident Starship will reach orbit by the end of this year. Musk provided his first…
Sting is selling his music catalog, including hits he made with the Police and as a solo artist, joining a chorus of stars who are cashing in with investors who see value in licensing their songs. Universal said Thursday that its music-publishing arm bought the catalog, including “Every Breath You Take,” “Roxanne” and “Fields of…
WASHINGTON (AP) — Last year, it was a nasty surprise. And it wasn’t supposed to last. But now, inflation has become an ongoing financial strain for millions of Americans filling up at the gas station, lined up at a grocery checkout lane, shopping for clothes, bargaining for a car or paying monthly rent. For the…
SACRAMENTO, Calif. (AP) — A lawsuit over high health care bills filed on behalf of more than 3 million employers and people seeks as much as $1.2 billion from a large Northern California health system in an antitrust class-action trial getting underway Thursday. Plaintiffs in the lawsuit allege in court documents that Sutter Health abused…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits declined for the third straight week. Jobless claims fell by 16,000 to 223,000 last week, from 239,000 the previous week, the Labor Department reported Thursday. The four-week average for claims, which compensates for weekly volatility, declined by 2,000 to 253,250 after rising for five…
DETROIT (AP) — Tesla is recalling nearly 579,000 vehicles in the U.S. because a “Boombox” function can play sounds over an external speaker and obscure audible warnings for pedestrians. It is the fourth Tesla recall made public in the last two weeks as U.S. safety regulators increase scrutiny of the nation’s largest electric vehicle maker….
Coca-Cola and posted better-than-expected sales in the fourth quarter as the omicron variant barely registered and venues like coffee shops and movie theaters continued to reopen around Revenue rose 10% to $9.5 billion in the October-December period. That beat Wall Street’s forecast of $8.98 billion, according to analysts polled by FactSet. The World Heath Organization…
SAN FRANCISCO (AP) — Twitter’s shares jumped in early trading Thursday after it posted strong revenue growth last year and announced a $4 billion share buyback program. That’s despite losing money in 2021 and falling short of Wall Street expectations for user growth in the last three months of the year. Revenue increased 37%, to…
