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Major US pipeline halts operations after ransomware attack


Created: Sat, 08 May 2021 18:30:21 -0400

Author:

The operator of a major pipeline system that transports fuel across the East Coast says it's been victimized by a ransomware attack and has halted all pipeline operations to deal with the threat

Read more: Major US pipeline halts operations after ransomware attack


EXPLAINER: Did US hiring slow because of a ‘labor shortage’?


Created: Sat, 08 May 2021 10:52:30 -0400

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The anticipation for the U.S. jobs report for April, released Friday morning, was high

Read more: EXPLAINER: Did US hiring slow because of a ‘labor shortage’?


Biden move to share vaccine designed to spread US influence


Created: Sat, 08 May 2021 09:35:02 -0400

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Pres. Biden move to share the vaccine designed to spread U.S. influence.

Read more: Biden move to share vaccine designed to spread US influence


EU agrees potential 1.8 billion-dose purchase of Pfizer jab


Created: Sat, 08 May 2021 07:14:52 -0400

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The European Union has cemented its support for Pfizer-BioNTech and its novel COVID-19 vaccine technology by agreeing to a massive contract extension for a potential 1.8 billion doses through 2023

Read more: EU agrees potential 1.8 billion-dose purchase of Pfizer jab


California agency approves warehouse rule for air quality


Created: Fri, 07 May 2021 21:28:15 -0400

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Southern California air quality regulators have passed a rule to curb emissions from trucks that ferry goods from the growing number of massive warehouses run by Amazon and other companies

Read more: California agency approves warehouse rule for air quality


Vans co-founder Paul Van Doren dies at 90


Created: Fri, 07 May 2021 20:57:56 -0400

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Paul Van Doren, co-founder of the Vans company whose iconic Southern California sneakers were beloved by skateboarders and became an international success, has died

Read more: Vans co-founder Paul Van Doren dies at 90


Stocks rally to records after grim jobs data undercuts rates


Created: Fri, 07 May 2021 16:51:46 -0400

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Stocks are closing at record highs on Wall Street Friday as a stunningly disappointing report on the nation’s job market signaled to investors that interest rates will stay low

Read more: Stocks rally to records after grim jobs data undercuts rates


US consumer borrowing posts another strong showing in March


Created: Fri, 07 May 2021 17:11:58 -0400

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U.S. consumer borrowing rose by a strong $25.8 billion in March, the second-straight sizable monthly gain

Read more: US consumer borrowing posts another strong showing in March


How major US stock indexes fared Friday


Created: Fri, 07 May 2021 16:30:16 -0400

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Stocks are closing at record highs on Wall Street Friday as a stunningly disappointing report on the nation’s job market signaled to investors that interest rates will stay low

Read more: How major US stock indexes fared Friday


Expedia, Roku rise; Beyond Meat, Planet Fitness fall


Created: Fri, 07 May 2021 16:21:00 -0400

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Stocks that traded heavily or had substantial price changes Friday: Expedia, Roku rise; Beyond Meat, Planet Fitness fall

Read more: Expedia, Roku rise; Beyond Meat, Planet Fitness fall


Closing prices for crude oil, gold and other commodities


Created: Fri, 07 May 2021 15:53:42 -0400

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Closing prices for crude oil, gold and other commodities, and foreign exchange levels

Read more: Closing prices for crude oil, gold and other commodities


Cruise line threatens to skip Florida ports


Created: Fri, 07 May 2021 15:26:31 -0400

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The move comes amid the governor's ban requiring that customers be vaccinated.

Read more: Cruise line threatens to skip Florida ports


US job growth slows sharply in sign of hiring struggles


Created: Fri, 07 May 2021 15:05:42 -0400

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The recovery of America’s job market hit a pause last month as many businesses — from restaurants and hotels to factories and construction companies — struggled to find enough workers to catch up with a rapidly strengthening economic rebound

Read more: US job growth slows sharply in sign of hiring struggles


Bill to kill up to 90% of Idaho wolves signed by governor


Created: Fri, 07 May 2021 15:46:18 -0400

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Idaho Gov. Brad Little has signed into law a measure that could lead to the killing of 90% of the state's 1,500 wolves

Read more: Bill to kill up to 90% of Idaho wolves signed by governor


Yellen picks top Fed banking regulator as acting comptroller


Created: Fri, 07 May 2021 13:33:01 -0400

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Treasury Secretary Janet Yellen is appointing Michael Hsu, a top banking regulator at the Federal Reserve, as the acting U.S. Comptroller of the  Currency

Read more: Yellen picks top Fed banking regulator as acting comptroller


Chamber of Commerce seeks end to enhanced US jobless aid


Created: Fri, 07 May 2021 12:43:55 -0400

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The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work

Read more: Chamber of Commerce seeks end to enhanced US jobless aid


China propels BMW to strong profits, Germany lags


Created: Fri, 07 May 2021 08:57:00 -0400

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Auto sales are booming in China and Germany's BMW is benefiting

Read more: China propels BMW to strong profits, Germany lags


German factory production, exports up in March in good sign


Created: Fri, 07 May 2021 03:42:50 -0400

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Factory production and exports increased strongly in Germany in March

Read more: German factory production, exports up in March in good sign


China trade surges as global demand recovers from pandemic


Created: Fri, 07 May 2021 02:03:01 -0400

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China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but growth appeared to be slowing

Read more: China trade surges as global demand recovers from pandemic


Dubai luxury home market soars as world's rich flee pandemic


Created: Fri, 07 May 2021 00:30:32 -0400

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Foreign buyers flush with cash have flooded the high-end property market in Dubai even as vaccines roll out unevenly across the world and waves of infections force countries to extend restrictions

Read more: Dubai luxury home market soars as world's rich flee pandemic


Asian indexes rise after US rally; investors await jobs data


Created: Fri, 07 May 2021 00:17:43 -0400

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Asian shares are rising on optimism about the rally on Wall Street and an economic rebound in the U.S., as investors await the release of U.S. jobs data

Read more: Asian indexes rise after US rally; investors await jobs data


More support easing vaccine patent rules, but hurdles remain


Created: Thu, 06 May 2021 22:30:21 -0400

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Several world leaders have praised the U.S. move to expand access to COVID-19 vaccines for poor nations by suspending patent protections on the shots

Read more: More support easing vaccine patent rules, but hurdles remain


Peloton expects to lose $165 million in revenue from recall


Created: Fri, 07 May 2021 02:38:01 -0400

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Peloton says that the recall of its treadmills will shrink its revenue by $165 million in revenue in the current quarter

Read more: Peloton expects to lose $165 million in revenue from recall


Beyond Meat's Q1 hobbled by marketing costs, lower prices


Created: Thu, 06 May 2021 19:18:31 -0400

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Plant-based meat company Beyond Meat has posted a first-quarter loss after higher sales were offset by marketing costs and lower prices

Read more: Beyond Meat's Q1 hobbled by marketing costs, lower prices


Canadian Pacific gets procedural OK in bid for US railroad


Created: Thu, 06 May 2021 18:50:10 -0400

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Regulators have approved Canadian Pacific’s plan for acquiring Kansas City Southern if that railroad picks CP’s $25 billion bid over rival Canadian National’s $33.7 billion offer

Read more: Canadian Pacific gets procedural OK in bid for US railroad

 
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