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Business

UK advises limiting AstraZeneca in under-30s amid clot worry

LONDON (AP) — British authorities recommended Wednesday that the AstraZeneca COVID-19 vaccine not be given to adults under 30 where possible because of strengthening evidence that the shot may be linked to rare blood clots. The recommendation came as regulators in the United Kingdom and the ...

California plans for broad pandemic reopening in June

SAN FRANCISCO (AP) — Gov. Gavin Newsom on Tuesday signaled an end to more than a year of closures in California, announcing that the nation’s most populated state plans to lift most coronavirus restrictions on businesses and workplaces June 15, when enough people should be vaccinated to ...

Biden boosted by Senate rules as GOP bucks infrastructure

WASHINGTON (AP) — With an appeal to think big, President Joe Biden is promoting his $2.3 trillion infrastructure plan directly to Americans, summoning public support to push past the Republicans lining up against the massive effort they sum up as big taxes, big spending and big ...

Norwegian Cruises asks CDC to allow trips from U.S. in July

(AP) — The Norwegian Cruise Line is seeking permission to resume trips from U.S. ports on July 4, requiring passengers and crew members to be vaccinated against COVID-19 at least two weeks before the trip. The Miami company said its precautions go well beyond steps taken by others in the ...

March hiring accelerated to 916K, yet many jobs remain lost

WASHINGTON (AP) — America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen. The March ...

Traffic jam eases further in Suez Canal after ship unblocked

CAIRO (AP) — The maritime traffic jam on both ends of the Suez Canal eased further on Friday, four days after the dislodging of a massive containership that had blocked the waterway, authorities said. On Monday, salvage teams freed the skyscraper-sized Ever Given, ending a crisis that had ...

Groups rush to get Florida farmworkers vaccinated

MIAMI (AP) — It’s a race against time for nonprofits, organizations and officials who are trying to vaccinate thousands of farmworkers who were denied priority access in Florida but now have to travel north to harvest crops in other regions. Farmworker advocates are asking officials to ...

Supreme Court sides with Facebook in text message dispute

WASHINGTON (AP) — The Supreme Court on Thursday sided with Facebook in a lawsuit over unwanted text notifications it sent, rejecting a claim that the messages violated the federal ban on robocalls. The high court’s ruling for the Menlo Park, California-based social media giant was ...

New York is latest state to legalize recreational marijuana

New York adults over the age of 21 can now possess and use marijuana — even in public — under a legalization bill signed Wednesday by Gov. Andrew Cuomo, though legal sales of recreational-use cannabis won’t start for an estimated 18 months until regulations are set. Passed after ...

S&P 500 climbs, closing out its 4th straight quarterly gain

Stocks closed mostly higher on Wall Street, clinching the 4th straight quarterly gain for the S&P 500. The benchmark index rose 0.4% Wednesday, bringing its gain for the first three months of the year to 5.8%. The gain for the index, which tracks large U.S. companies, was eclipsed by the ...

Microsoft wins $22B deal making headsets for U.S. Army

Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday. The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game ...

Germany to restrict AstraZeneca use in under-60s over clots

BERLIN (AP) — German health officials agreed Tuesday to restrict the use of AstraZeneca’s coronavirus vaccine in people under 60, amid fresh concern over unusual blood clots reported in a tiny number of those who received the shots. Health Minister Jens Spahn and state officials agreed ...

Late fade pushes S&P 500 index lightly below its record high

Stocks didn’t manage to hold on to the meager gains they made on Wall Street Monday, pulling the S&P 500 slightly below the record high it set late last week. The benchmark index slipped 0.1%. Losses for big banks offset gains elsewhere in the market amid some worries over how much banks ...

Southwest Airlines orders 100 Boeing 737 Max planes

DALLAS (AP) — Southwest Airlines said Monday it is expanding its all-Boeing fleet with an order for 100 Max jets instead of buying planes from Europe’s Airbus. Southwest ordered the 150-seat 737 Max 7 and expects the first 30 to show up next year. It is also converting orders for 70 Max ...

Former top broker gets over 17 years for scamming clients

SCRANTON, Pa. (AP) — A former Pennsylvania financial adviser who earned millions by pushing high-risk, high-fee investments on unsuspecting retirees was sentenced Friday to more than 17 years in federal prison. A judge said Anthony Diaz took advantage of dozens of clients, some of whom lost ...

A late slide, led by Big Tech, leaves U.S. stock indexes lower

Stocks gave up an early gain and wound up broadly lower on Wall Street, led by declines in tech heavyweights like Facebook and Apple. The S&P 500 gave up 0.5% Wednesday, its second loss in a row, while the tech-heavy Nasdaq dropped 2%. Bond yields mostly fell after rising earlier this week. ...

Problem gambling foes warn on sports betting college deals

ATLANTIC CITY, N.J. (AP) — A national group that fights compulsive gambling is concerned about financial deals between colleges and sports betting companies. The National Council on Problem Gambling on Tuesday issued a set of recommendations for such deals that aim to reduce the danger of ...

Stocks close broadly lower on Wall Street as banks stumble

Stocks closed broadly lower on Tuesday and gave back nearly all of their gains from a day earlier as technology, industrial and bank stocks fell. The S&P 500 fell 30.07 points, or 0.8%, to 3,910.52. Technology stocks were the biggest drag on the market and pushed the Nasdaq 149.85 points ...

Miami’s South Beach confronts disastrous spring break crowds

MIAMI BEACH, Fla. (AP) — Florida’s famed South Beach is desperately seeking a new image. With more than 1,000 arrests and nearly 100 gun seizures already during this year’s spring break season, officials are thinking it may finally be time to cleanse the hip neighborhood of its ...

Powell says economy recovering but Fed support still needed

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economic recovery from the coronavirus pandemic has progressed more quickly than expected, but the central bank does not intend to let up in its support efforts. In congressional testimony released Monday, Powell said that ...