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Stock market today: Wall Street holds steadier following weeks of scary swings
NEW YORK (AP) — U.S. stocks are holding steadier Monday, and the market’s scary roller-coaster ride from recent weeks is slowing. The calm trading may be short-lived, though, with a decision by the Federal Reserve on interest rates coming later in the week and worries continuing about President Donald Trump‘s trade[...]
Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection
Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in [&hellip[...]
Helicopters permanently restricted on route near Washington airport where 67 died in midair crash
WASHINGTON (AP) — Helicopters will be permanently restricted from flying near Washington, D.C.’s airport on the same route where a passenger jet and an Army helicopter collided in midair, killing 67 people, the Federal Aviation Administration said Friday. The move comes just days after federal investigators looking into [...]
Americans increased spending tepidly last month as anxiety over the economy takes hold
WASHINGTON (AP) — U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Retail sales rose just 0.2% in February, a small rebound after a sharp drop of 1.2% in January, [...]
Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
NEW YORK (AP) — U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than [...]
Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product
WASHINGTON – Does the U.S.’ reliance on imported lumber and timber constitute a threat to national security? That’s what the Trump Administration aims to find out through a new executive order. “The wood products industry – composed of timber, lumber, and their derivative products (such as paper products, furn[...]
FTC reverses its request for a delay in an Amazon trial, says it has resources to litigate the case
A lawyer for the Federal Trade Commission has walked back his comments about a lack of resources and staff turnover interfering with the agency’s preparations for a trial involving Amazon’s Prime program. FTC lawyer Jonathan Cohen asked a federal judge during a hearing on Wednesday to delay the September trial and re[...]
Average US rate on a 30-year mortgage edges higher, ending a seven-week slide
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season. The average rate rose to 6.65% from 6.63% last week, mortgage buyer Freddie Mac said Thursday, March 13. A year ago, […]
More than 50 universities face federal investigations as part of Trump’s anti-DEI campaign
WASHINGTON (AP) — More than 50 universities are being investigated for alleged racial discrimination as part of President Donald Trump‘s campaign to end diversity, equity and inclusion programs that his officials say exclude white and Asian American students. The Education Department announced the new investigations Fr[...]
Close calls at Washington DC airport raise questions about why changes weren’t made before crash
WASHINGTON (AP) — While Congress pushed ahead last year with adding 10 new daily flights to Washington, D.C.’s Reagan National Airport, many looked past concerns about dangers in the congested skies over the nation’s capital. Squeezing in more flights would only increase the risks, said Virginia’s two senator[...]
Wall Street tumbles after Trump escalates his trade war
NEW YORK (AP) — 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 — a “correction” — an[...]
Inside South Carolina operations of the largest military shipbuilder in the US
A new division of the largest military shipbuilder in the U.S. is in full swing after establishing operations in South Carolina just two months ago. Newport News Shipbuilding-Charleston Operations, a facility in a division of Virginia-based Huntington Ingalls Industries, better known as HII, began in Goose Creek roughly 60 days [...]
