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Business

Stocks rise and bond yields jump after latest signs of resilient economy

NEW YORK (AP) — Most stocks ticked higher on Wall Street Thursday following the latest signs that the U.S. economy remains stronger than feared. The S&P 500 rose 19.58 points, or 0.4%, to 4,396.44 and is on track for its sixth winning week in the last seven. The Dow Jones Industrial ...

The Great Grift: More than $200B in COVID aid may have been stolen

WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred ...

Wall Street drifts to start what could be a quiet week

NEW YORK (AP) — Stock indexes drifted lower Monday as Wall Street's pullback from its big recent rally carried into a second week. The S&P 500 fell 19.51 points, or 0.4%, to 4,328.82. It's still close to its highest level in a year, reached a couple weeks ago. Technology stocks were ...

Intel to build $33-billion chip plant in Germany

BERLIN (AP) — Intel and the German government signed a deal Monday that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required. Word of ...