Wire stories category, Page 10

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...
Founders of Black-owned brands adapt their hopes and business plans for a post-DEI era

NEW YORK — The co-founders of a company that makes lip products for darker skin tones no longer hope to get their line into Target. A brother and sister who make jigsaw puzzles celebrating Black subjects wonder if they need to offer “neutral” images like landscapes to keep growing. Pound...
Some Rite Aid shelves remain bare even post-bankruptcy. Experts explain why that may be

PHILADELPHIA — Constance “Conni” Billé can walk to the Germantown Rite Aid store. But she’s stopped going there regularly, opting instead to drive 20 minutes to a CVS store in Chestnut Hill. Rite Aid’s shelves became so bare in recent years, Billé said, that it’s seldom worth the trip. Often,...
Here’s how some human rights and LGBTQ+ groups prepared for major foreign aid cuts under Trump

In early 2024, Matthew Hart took a hard look at the upcoming elections around the world and worried that the outcomes did not look promising. “What we knew was that the winds were not in our favor. The winds were not in our sail, and we saw all around the...
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 for first ‘correction’ since 2023 on Trump’s 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...
Wall Street rises after encouraging inflation data, but the trade war keeps knocking stocks around

NEW YORK — Stock indexes rose Wednesday after Wall Street got some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump’s trade war still knocked stocks around. The S&P 500 gained 0.5% after skidding between an early gain of 1.3%...
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)...
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy

NEW YORK — The stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants. The S&P 500 dropped 2.7% to drag it close to 9% below...
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...

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