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Stock market today: More weakness in technology companies pulls Wall Street lower

Feb. 21, 2024 10:14 AM EST

NEW YORK (AP) — Stocks fell on Wall Street Wednesday as weakness in technology companies continues to drag on the market. The S&P 500 slipped 0.3% in morning trading. The tech-heavy Nasdaq gave up 0.6% and the Dow Jones Industrial Average slipped 120 points, or 0.3% as of 9:59...

Robots and happy workers: Productivity surge helps explain US economy's surprising resilience

Feb. 21, 2024 07:47 AM EST

WASHINGTON (AP) — Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn't easy. Attracting factory workers to a community of 7,300 in the Indiana countryside was a tough sell, especially having to compete with big-name manufacturers...

Robots and happy workers: Productivity surge helps explain US economy's surprising resilience

Feb. 21, 2024 07:46 AM EST

WASHINGTON (AP) — Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn't easy. Attracting factory workers to a community of 7,300 in the Indiana countryside was a tough sell, especially having to compete with big-name manufacturers...

Americans' reliance on credit cards is the key to Capital One's bid for Discover

Feb. 20, 2024 16:31 PM EST

NEW YORK (AP) — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won't break the habit. Capital One Financial announced Monday that it would buy Discover Financial...

Capital One's bid for Discover carries expectation that Americans won't slow credit card use

Feb. 20, 2024 12:21 PM EST

NEW YORK (AP) — Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion. The combination could...

Stock market today: Asian shares trade mixed after Wall Street was closed for a holiday

Feb. 19, 2024 22:11 PM EST

TOKYO (AP) — Asian shares were trading mixed Tuesday a day after Chinese markets reopened from a long Lunar New Year holiday. Wall Street trading was closed Monday in the United States for President's Day. Investors were generally turning less optimistic because of expectations...

This Week: Walmart earnings, Federal Reserve minutes, home sales

Feb. 19, 2024 03:17 AM EST

A look at some of the key business events and economic indicators upcoming this week: Retail insight Walmart reports its latest quarterly financial results on Tuesday. The nation’s largest retailer is expected to report profit of $1.64 per share, down...

Stock market today: Wall Street falls to a rare losing week but remains close to its record

Feb. 16, 2024 17:16 PM EST

NEW YORK (AP) — Stocks slipped Friday to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% from its all-time high set a day earlier. The Dow Jones Industrial Average dropped 145 points, or 0.4%, and the Nasdaq composite sank 0.8%. ...

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Feb. 16, 2024 09:50 AM EST

WASHINGTON (AP) — Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated. The Labor Department reported Friday that its producer price index — which tracks inflation before it reaches consumers —...

Stock market today: Asian shares track Wall Street rally as Japan's Nikkei nears a record high

Feb. 16, 2024 00:23 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday, with Tokyo's benchmark Nikkei 225 index trading near a record high, 34 years after it peaked and then plunged with the collapse of Japan's financial bubble. U.S. futures were lower after stocks on Wall Street set another record...