Latest Business News

Stock market today: Big tech stocks dive again as their split deepens with the rest of Wall Street

Jul. 17, 2024 13:00 PM EDT

NEW YORK (AP) — Wall Street's record-breaking rally is running into a wall Wednesday, as worries about potentially worsening trade tensions with China hit stocks of chip companies. That’s dragging market indexes to their worst day in months, but conditions may be less discouraging underneath...

ASML, Five Below fall; J&J, V.F. Corp. rise; Wednesday, 7/17/2024

Jul. 17, 2024 12:46 PM EDT

Stocks that traded heavily or had substantial price changes on Wednesday: ASML Holding NV (ASML), down $120.19 to $948. Bloomberg News said the U.S. is considering severe trade curbs if companies like ASML continue shipping advanced chip tech to China. ...

German leader to visit Serbia seeking lithium for his country's car industry

Jul. 17, 2024 12:13 PM EDT

BELGRADE, Serbia (AP) — German Chancellor Olaf Scholz will visit Serbia later this week to discuss a tentative deal with the Balkan country for the controversial excavation of lithium, a critical substance in making batteries for electric vehicles, officials from both states confirmed Wednesday....

Capital One offers $265B benefit plan to appease regulators for its planned purchase of Discover

Jul. 17, 2024 12:00 PM EDT

NEW YORK (AP) — Capital One said Wednesday it plans to offer $265 billion in lending, investing and philanthropy projects as part of its pending $35 billion merger with Discover Financial. The plan is designed to appease federal bank regulators, who have been initially skeptical of approving the...

Winmark: Q2 Earnings Snapshot

Jul. 17, 2024 11:45 AM EDT

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Winmark Corp. (WINA) on Wednesday reported net income of $10.4 million in its second quarter. The Minneapolis-based company said it had net income of $2.85 per share. The store concept franchisor posted revenue of $20.1 million...

Francis Ford Coppola's 'Megalopolis' wrapped at this Georgia hotel. Soon, it'll be open for business

Jul. 17, 2024 11:40 AM EDT

PEACHTREE CITY, Ga. (AP) — Two years ago, Francis Ford Coppola stopped at Georgia Film Academy on the hunt for apprentices for his upcoming film, " Megalopolis." Jordan Holifield, then a 23-year-old student, did a double-take when he saw one of the application questions — did he...

Don't work in bed, and other tips for creating a peaceful sleep zone in a studio apartment

Jul. 17, 2024 11:31 AM EDT

There's a lot to be said for the work/play energy of a nice studio or other small apartment during the day. But how do you bring that energy down to get a good night's sleep? With electronics, cookery, clothes and books all in one space, it can be a challenge to create a restful...

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow

Jul. 17, 2024 10:35 AM EDT

WASHINGTON (AP) — Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years on the Fed's interest-rate-setting committee, Mester was likely to...

The “greenhouse effect”: How an oft-touted climate solution threatens agricultural workers

Jul. 17, 2024 10:28 AM EDT

MOREHEAD, Ky. (AP) — To harvest tomatoes, peppers and cucumbers, to clip herbs, to prune and propagate succulents, people work in oppressive heat and humidity. Some wring out shirts soaked with sweat. Some contend with headaches, dizziness and nausea. Some collapse. Some hover on the brink of...

The head of Hong Kong's leading journalist group says she lost WSJ job after refusing to drop role

Jul. 17, 2024 09:10 AM EDT

HONG KONG (AP) — The new chair of Hong Kong's leading media professional group on Wednesday said she lost her job at The Wall Street Journal after she refused her supervisor’s request to withdraw from the election for the leadership post. Reporter Selina Cheng told a press...