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Business

Stocks drop the most since May on worries over China, the Fed

NEW YORK (AP) — Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about heavily indebted Chinese real estate developers — and the damage they could do to investors worldwide if they ...

FDA advisory panel rejects widespread Pfizer booster shots

WASHINGTON (AP) — An influential federal advisory panel has soundly rejected a plan to offer Pfizer booster shots against COVID-19 to most Americans. The vote Friday, 16-3, was a blow to the Biden administration’s effort to shore up people’s protection against the virus amid the highly ...

France recalls ambassadors to U.S., Australia over sub deal

PARIS (AP) — French Foreign Minister Jean-Yves Le Drian said Friday evening that France is immediately recalling its ambassadors to the U.S. and Australia in a backlash over a submarine deal. Le Drian said in a statement that the decision, on request from President Emmanuel Macron, “is ...

Stocks end lower after a brief recovery fades

NEW YORK (AP) — Another day of choppy trading on Wall Street left stocks mostly lower, cutting into the major indexes’ gains for the week. The S&P 500 and the Dow Jones Industrial Average each lost about 0.2%, while the tech-heavy Nasdaq managed to eke out a gain of 0.1%. More stocks ...

MassMutual fined for failing to monitor GameStop saga star

NEW YORK (AP) — Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise an employee whose online cheerleading of GameStop’s stock helped launch the frenzy that shook Wall Street ...

Maverick Dem senators meeting with Biden on spending plan

WASHINGTON (AP) — President Joe Biden was holding face-to-face meetings Wednesday with two moderate Democratic senators who have opposed the size of his signature social and environment package as the White House amped up its drive to win the unanimous Democratic support the huge plan will ...