BALTIMORE (AP) — Defense contractor Lockheed Martin’s plans to close a plant in Maryland will mean the end of more than 90 years of company manufacturing at the site.
JUNEAU, Alaska (AP) — The federal government has approved Alaska’s plan to give the state’s fishing industry almost $50 million in pandemic relief.
OMAHA, Neb. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday.
MILAN — The fedora Humphrey Bogart wore in “Casablanca” may have secured Borsalino’s place in fashion and cinematic history, but it will be something like the cow-print bucket hat that will help ensure its future.
COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster is lifting state pandemic restrictions on mass gatherings and alcohol sales, his office announced Friday.
NEW YORK (AP) — The Associated Press has named Anna Jo Bratton as US Enterprise Editor on the news cooperative’s Global Enterprise Team, where she will work with colleagues across the United States to produce high-impact journalism for the country and for international audiences.
WASHINGTON (AP) — Chief executives of the nation’s largest passenger and cargo airlines met with key Biden administration officials Friday to talk about reducing emissions from airplanes and push incentives for lower-carbon aviation fuels.
Why rising rates are unsettling Wall Street
FRANKFURT, Germany — Volkswagen said Friday it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax in 2020 despite the pandemic. The world’s number two automaker said the rapid recovery of China, its largest single market, and resilient sales of luxury vehicles he…
WASHINGTON (AP) — The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in which the overall economy, ravaged by a global pandemic, shrank more than in any year in the past seven decades.
Here is Money & Markets for Friday, Feb. 26, 2021.
Tech rout pulls Nasdaq down 3.5%, biggest loss since October
WASHINGTON (AP) — Orders to US factories for big-ticket goods shot up 3.4% in January, pulled up by surge in orders for civilian aircraft. A category that tracks business investment posted a more modest gain, the Commerce Department reported Thursday.
A week into the tax season, the IRS says all covid-related stimulus payments have been issued.
TOKYO (AP) — Former Nissan Chief Executive Hiroto Saikawa told a Japanese court Wednesday he believed the compensation for his predecessor Carlos Ghosn was too low “by international standards,” and so he supported Ghosn’s retirement packages to prevent him from leaving.
Chairman Powell: Fed is in no hurry to raise rates
NEW YORK — Lowe’s Cos. extended its strong sales streak through the holiday season as customers kept investing in their homes during the pandemic.
WASHINGTON — President Joe Biden signed an executive order Wednesday intended to boost manufacturing jobs by strengthening US supply chains for advanced batteries, pharmaceuticals, critical minerals and semiconductors.
SILVER SPRING, Md. (AP) — Demand for new homes in the US surged 4.3% in January with the housing market still one of the strongest segments of the economy.
Here is Money & Markets for Wednesday, Feb. 24, 2021.
FENTON TOWNSHIP, Mich. (AP) — The viral pandemic has triggered a cascade of price hikes throughout America’s auto industry — a surge that has made both new and used vehicles unaffordable for many.
Fed: Recovery incomplete, high inflation unlikely
SILVER SPRING, Md. (AP) — US consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictions.
NEW YORK — Macy’s is looking ahead to a year of recovery and rebuilding from the pandemic as the iconic department store chain offered annual forecasts that beat Wall Street forecasts.
Here is Money & Markets for Tuesday, Feb. 23, 2021.
Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this weekend, and most carriers that fly those planes said they would temporarily pull them from service.
OMAHA, Neb. (AP) — A federal judge has ruled that the details of conversations between the nation’s four largest railroads should be included in lawsuits challenging billions of dollars of charges the railroads imposed in the past.
Biden boosts pandemic lending
Two of the biggest remaining American tire companies are joining forces.
NEW YORK — As airlines slashed flights and furloughs appeared inevitable in the early days of the Coronavirus pandemic, Mike Catania sensed there would be little need for a service that helped airline crews find short-term housing.
For years, Facebook has been in a defensive crouch amid a slew of privacy scandals, antitrust lawsuits and charges that it was letting hate speech and extremism destroy democracy. Early Thursday, though, it abruptly pivoted to take the offensive in Australia, where it lowered the boom on pub…
I placed more online orders than I can count in 2020. And I justified all of them.
BOSTON — Kroger Co. says it was among the multiple victims of a data breach involving a third-party vendor’s file-transfer service and is notifying potentially impacted customers, offering them free credit monitoring.
PROVIDENCE, R.I. (AP) — The Rhode Island Office of Healthy Aging has awarded a total of $200,000 in grants to 10 organizations to help connect the state’s older residents with their families through modern technology.
LOS LUNAS, N.M. (AP) — A subsidiary of Facebook has filed an application with Los Lunas city officials for billions of dollars in additional funding that could double the size of its data center and bring about 300 additional jobs.
WASHINGTON — A Democratic senator is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions following severe winter storms that plunged Texas and other states into a deep freeze that caused power outages in millions of homes and businesses.
WASHINGTON— Jolted by a sweeping hack that may have revealed government and corporate secrets to Russia, US officials are scrambling to reinforce the nation’s cyber defenses and recognizing that an agency created two years ago to protect America’s networks and infrastructure lacks the money,…
UK top court gives Uber drivers benefits
CANBERRA, Australia — Timothy Berners-Lee, the British computer scientist known as the inventor of the World Wide Web, says Australian plans to make digital giants pay for journalism could set a precedent that renders the Internet as we know it unworkable.
US jobless claims rise to 861,000 as layoffs stay high
Here is Money & Markets for Friday, Feb. 19, 2021.
This is the year to get your taxes done early. With the tax season already delayed, the faster you file electronically and elect direct deposit, the sooner you will get your refund.
WASHINGTON (AP) — The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington.
NEW YORK (AP) — Those $600 stimulus checks got Americans shopping again.
Stocks end mostly lower
WASHINGTON — President Joe Biden’s effort to raise the federal minimum wage to $15 an hour could provide a welcome opportunity for someone like Cristian Cardona, a 21-year-old fast food worker. Cardona would love to earn enough to afford to move out of his parents’ house in Orlando, Florida,…
WASHINGTON — US wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices.
NEW YORK (AP) — Walmart is raising wages for 425,000 of its 1.5 million US workers and is investing $14 billion this year to speed up its distribution network as the nation’s largest retailer navigates vast industry changes that were accelerated by the pandemic.
Here is Money & Markets for Wednesday, Feb. 17, 2021.
CVS Health easily beat fourth-quarter expectations as revenue from COVID-19 testing and prescription growth helped counter hits from an ongoing global pandemic.
WASHINGTON (AP) — President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic.
Commented