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Recent Articles from Richard Foster
Stock market today: Wall Street slips and heads for a fifth straight weekly loss
NEW YORK (AP) — Stocks fell in morning trading Friday and Wall Street is veering toward its fifth straight weekly loss. The S&P 500 fell 0.6%. The index, which is a benchmark for the broader market‘s health, is facing its worst weekly losing streak in nearly two years. The Dow Jones Industrial Average fell 228 […]
Eyeing China threat, Trump announces Boeing wins contract for secretive future fighter jet
WASHINGTON (AP) — President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China. Known as Next Generation Air Dominance, or NGAD, the manned […]
In latest blow to Tesla, regulators recall nearly all Cybertrucks
U.S. safety regulators on Thursday recalled virtually all Cybertrucks on the road, the eighth recall of the Tesla-made vehicles since deliveries to customers began just over a year ago. The National Highway Traffic Safety Administration’s recall, which covers more than 46,000 Cybertrucks, warned that an exterior panel that runs along the left and right side […]
Stock market today: Wall Street drifts on signals US economy remains solid, for now at least
NEW YORK (AP) — U.S. stock indexes edged lower Thursday following another reminder that big, unsettling policy changes are underway because of President Donald Trump, along with more signals suggesting the U.S. economy remains solid for now. The S&P 500 slipped 0.2% after flipping between modest gains and losses through the day. The Dow Jones Industrial Average dipped […]
Applications for jobless benefits inch up, but layoffs remain low, labor market healthy
Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday. That’s just less than the 224,000 new applications analysts forecast. Weekly applications for jobless benefits are considered a proxy for layoffs, […]
US home sales rose in February as mortgage rates eased and more homes put up for sale
LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. Sales fell 1.2% […]
Amtrak CEO abruptly resigns from the nation’s passenger railroad
NEW YORK (AP) — Amtrak CEO Stephen Gardner abruptly resigned from his top post at the U.S. passenger railroad this week. Wednesday’s announcement signaled that the leadership change came down to Amtrak maintaining support from U.S. President Donald Trump. In a statement, Gardner said he was stepping down “to ensure that Amtrak continues to enjoy […]
Average US rate on a 30-year mortgage rises slightly for the second week in a row
Associated Press (AP) — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for prospective home shoppers as the spring homebuying season ramps up. The rate rose to 6.67% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
The family of an airplane safety whistleblower is suing Boeing over his death
CHARLESTON, S.C. (AP) — The family of a former Boeing quality control manager who police say killed himself after lawyers questioned him for days about his whistleblowing on alleged jumbo jet defects sued the airplane maker Thursday. Boeing subjected John Barnett to a “campaign of harassment, abuse and intimidation intended to discourage, discredit and humiliate him […]
Constructing change
The construction industry has long been perceived as a male-dominated field, but diversity is not just a moral imperative — it’s a strategic advantage. While the National Association of Home Builders reports that women currently make up approximately 10.8% of the U.S. construction workforce — an increase from 9.3% in 2002 — there is still […]
Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts. The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a […]
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 & Jerry’s CEO David Stever. Ben […]
