Wire stories category, Page 34

Wall Street rallies and tech stocks leap as inflation coolsVideo

NEW YORK — A rally Thursday on Wall Street lifted stocks to their highest level in almost two months following the latest sign that inflation continues to cool. The S&P 500 rose 1.3% after a report showed inflation at the wholesale level slowed last month by more than expected. The...
Haven’t filed taxes yet? Don’t panic. Here’s what to know

NEW YORK — The deadline to file your taxes is Tuesday, which is just around the corner. Filing U.S. tax returns — especially for the first time — can seem like a daunting task, but there are steps you can take to make it less stressful. Whether you do your...
Your tax refund could be smaller than last year. Here’s why

NEW YORK — Expecting a tax refund? It could be smaller than last year. And with inflation still high, that money won’t go as far as it did a year ago. The 90 million taxpayers who have filed as of March 31 got refunds that were an average of nearly...
Stocks dip after inflation data, Fed economists’ warningVideo

NEW YORK — Stocks dipped to close an up-and-down Wednesday on Wall Street as a result of the latest update on inflation and the latest warning of a possible recession. The S&P 500 fell 16.99, or 0.4%, to 4,091.95 after drifting between small gains and losses through the day. The...
Cheaper gas and food provide some relief from U.S. inflation

WASHINGTON — U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices. Yet prices are still rising fast enough to keep the Federal Reserve on track to raise interest rates at least once more,...
Why new grads shouldn’t fear a recession

In 2023 alone, there have been over 118,000 U.S. tech layoffs, according to Crunchbase News, a business publication. That’s in addition to two major bank collapses and two federal rate hikes. The class of 2023 will graduate into this economic upheaval while facing another variable: student loan payments. This can...
EPA pollution limits aim to boost U.S. electric vehicle sales

WASHINGTON — The Biden administration is proposing strict new automobile pollution limits that would require as many as two-thirds of new vehicles sold in the U.S. to be electric by 2032, a nearly tenfold increase over current electric vehicle sales. The proposed regulation, announced Wednesday by the Environmental Protection Agency,...
Buffett says people shouldn’t worry about Berkshire, banks

OMAHA, Neb. — Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. Buffett said shareholders shouldn’t worry about the future of the company after Vice Chairman Greg Abel takes over because he will do a great job and...
Wall Street drifts through muted day ahead of inflation dataVideo

NEW YORK — Wall Street drifted through a muted day of trading Tuesday, with stocks and bonds making modest moves ahead of reports later in the week with the potential to move markets. The S&P 500 had its smallest one-day move in more than a year, slipping 0.17 points, or...
IMF: Prolonged high inflation dims outlook for world economyVideo

WASHINGTON — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International Monetary Fund, which on Tuesday downgraded its outlook for global economic...
Stocks end mixed on Wall Street amid rate hike expectationsVideo

NEW YORK — Stocks were mixed Monday in their first trading after a report heightened speculation the Federal Reserve may tap the brakes a little harder on financial markets and the economy. The S&P 500 rose 4.09 points, or 0.1%, to 4,109.11. It did not trade on Friday, when data...
Kimberly Palmer: How to protect parents from financial scams

When a scam artist called Cameron Huddleston’s mom to tell her to wire money in order to claim a prize, Huddleston had to intercept the calls. Her mom, who had been diagnosed with Alzheimer’s, was convinced she had to wire the money as soon as possible. “That was a wake-up...
Average 30-year mortgage rate dips as spring season opens

The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that’s been mostly cold since the Federal Reserve began raising interest rates more than a year ago. Mortgage buyer Freddie Mac reported Thursday that the average...
States and companies compete for billions to make hydrogen

As fossil fuel emissions continue warming Earth’s atmosphere, the Biden administration is turning to hydrogen as an energy source for vehicles, manufacturing and generating electricity. It’s offering $8 billion to entice the nation’s industries, engineers and planners to figure out how to produce and deliver clean hydrogen. States and businesses...
IMF head expects less than 3% global economic growth in 2023

WASHINGTON — The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing the risk of hunger and poverty globally. Kristalina Georgieva said growth is expected to remain around 3% for the next five years, calling...
NPR objects to ‘state-affiliated media’ label Twitter slapped on account: ‘inaccurate’Video

National Public Radio has been caught up in the Twitter verification-system overhaul and some new company-administered labels that have riled users of the social media platform since Tesla and SpaceX honcho Elon Musk took over the platform last fall. NPR was wrongly labeled Tuesday as “U.S. state-affiliated media” on the...

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