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Starbucks to shutter 250 stores in North America this week in 2nd wave of closings
Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024. … more
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US stocks drift after oil prices halt their weeklong drop
NEW YORK — The U.S. stock market is drifting near its all-time high on Wednesday after oil prices halted their weeklong run of easing. The S&P 500 slipped 0.1% in early trading and is 0.5% … more
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California farmers are struggling to sell grapes as demand for wine drops
LODI, Calif. — It's harvest time in California wine country, but many growers are struggling to sell their grapes as changing drinking habits have caused demand to plunge. The decline is forcing … more
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Wall Street pulls within 1% of its record after oil prices and bond yields ease
NEW YORK (AP) — U.S. stocks are climbing with markets worldwide on Monday after oil prices and yields in the bond market gave back some of their jumps from last week. The S&P 500 rose 1% and … more
Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting
HONG KONG (AP) — Global shares advanced Monday ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington, which could cover trade, … more
Wall Street drifts as bond yields rise and oil prices swing
NEW YORK (AP) — Wall Street is drifting toward the finish of an up -and- down week on Friday, and U.S. stock indexes are mixed as bond yields rise and oil prices swing. The S&P 500 fell 0.1% in … more
Asian shares finish higher, cheered by easing oil prices, but European benchmarks are slipping
TOKYO (AP) — Asian shares mostly rose Friday, getting a lift from a rally on Wall Street as well as declining oil prices, while European benchmarks slipped in early trading. France's CAC 40 shed … more
US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed … more
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US stocks jump after oil prices fall and pressure from the bond market eases
NEW YORK (AP) — U.S. stocks are jumping Thursday and clawing back most of their losses for the week. Falling oil prices and easing pressure from the bond market are helping Wall Street reverse many … more
World shares mostly advance after Wall Street slips following Fed's rate hike decision
HONG KONG (AP) — World shares mostly advanced on Thursday despite Wall Street closed lower following the Federal Reserve's interest rate hike decision for the first time in three years. The quarter … more
OpenAI flags concerning new AI behavior and vows to track it more closely
OpenAI has disclosed six reports of "unexpected or concerning" behavior in artificial-intelligence models as the debate on AI safety becomes increasingly heated. The AI company also said Wednesday it … more
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US futures climb ahead of Fed interest rate call and the latest retail sales numbers
U.S. futures rose Wednesday ahead of the Federal Reserve's decision on interest rates with high expectations that they will move higher in what would be the central bank's first hike in more than … more
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More families are talking about money. That is a good thing.
For many years, money was one of the topics families simply did not discuss. Parents often believed it was best to keep their finances private, even from their adult children. Children frequently had little understanding of their parents' financial … more
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Wall Street points to more losses as oil, bond yields rise and odds of a Fed rate hike increase
Wall Street futures slid Tuesday but bounced off earlier lows as the opening bell approached. Artificial-intelligence stocks slid overnight on growing safety fears and oil prices continued to climb … more
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Global shares trade mostly lower after AI stocks sink on Wall Street
TOKYO (AP) — Global shares were trading mostly lower Tuesday, after artificial-intelligence stocks slid overnight. France's CAC 40 dipped 0.8% in early trading to 8,055.86, while the German DAX … more
What the closure of Saudi Arabia's East-West pipeline could mean for oil flows
CHICAGO (AP) — Saudi Arabia's closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker … more
Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put … more
AI stocks drop on calls for a slowdown as rising oil prices push the 10-year yield to 5%
NEW YORK (AP) — Artificial-intelligence stocks are sliding worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, … more
Global shares mostly decline and AI stocks plunge after calls to slow AI industry
HONG KONG (AP) — Global shares were mostly lower Monday as AI-related stocks, including Open AI investor SoftBank, declined following calls from Anthropic's CEO to slow AI development for safety. … more
Oil prices fall to $104 and world shares are mixed following Wall Street losses
HONG KONG (AP) — World shares were mixed Friday following Wall Street losses, while oil prices fell with Brent crude trading at around $104 a barrel after hitting its highest level since May. U.S. … more
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