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Business

Music? Yes. Dancing? No, as New Orleans eases virus rules

NEW ORLEANS (AP) — Live indoor music can resume in New Orleans beginning this weekend, city officials announced Wednesday, but dancing will remain prohibited, while venues, performers and audiences will be under strict requirements to employ measures to control the spread of the coronavirus. ...

Arizona superintendent quits after porn found on school computer

FLAGSTAFF, Ariz. (AP) — A longtime educator whose career included high-profile jobs on the Navajo Nation resigned from his latest post as an Arizona county schools superintendent after officials discovered pornographic images on his work-issued computer, according to records obtained by The ...

Emails: FBI was looking for Civil War gold at Pennsylvania dig site

Go for the gold? The U.S. government went for it. FBI agents were looking for an extremely valuable cache of fabled Civil War-era gold — possibly tons of it — when they excavated a remote woodland site in Pennsylvania three years ago this month, according to government emails and other ...

Biden’s Russia credentials questioned over European pipeline

WASHINGTON (AP) — After years of Democratic accusations that former President Donald Trump was too soft on Russia, the Biden administration is facing Republican criticism of its approach to Moscow. In particular, Republicans accuse him of not doing enough to halt a gas pipeline to Europe ...

Wall Street finishes mixed as tech slump offsets other gains

NEW YORK (AP) — Major U.S. stock indexes closed mostly lower Monday as another rise in bond yields helped set off more heavy selling in technology companies. The S&P 500 fell 0.5% after having been up 1% earlier. Because of their huge size, drops by Apple, Google’s parent company and ...

Detroit mayor turned down J&J vaccine in favor of others

LANSING, Mich. (AP) — Detroit this week turned down 6,200 doses of the newly authorized Johnson & Johnson coronavirus vaccine, with Mayor Mike Duggan favoring shots from Pfizer and Moderna for now. “Johnson & Johnson is a very good vaccine. Moderna and Pfizer are the best,” he ...

Biden urges Dems to rally behind $1.9T virus bill

WASHINGTON (AP) — President Joe Biden urged Senate Democrats on Tuesday to rally behind a $1.9 trillion COVID-relief bill and stood by his proposed $1,400 payments to individuals, even as some party moderates sought to dial back parts of the package. “He said we need to pass this bill ...

Target powers through a pandemic; 2020 sales growth explodes

NEW YORK (AP) — Target will plow $4 billion into its business each year for the next several years to redo its stores, add new ones and speed up delivery as the discounter aims to keep up with increasingly demanding shoppers shaped by the pandemic. As part of the investments announced ...

Stocks rally on Wall Street, S&P 500 has best day since June

NEW YORK (AP) — Stocks rallied on Wall Street, pushing the S&P 500 to its biggest gain in nine months. The 2.4% jump in the benchmark index Monday followed back-to-back weekly losses and came as investors were relieved to see long-term interest rates easing lower in the bond market. ...

AI panel urges U.S. to boost techology skills amid China’s rise

An artificial intelligence commission led by former Google CEO Eric Schmidt is urging the U.S. to boost its AI skills to counter China, including by pursuing “AI-enabled” weapons — something that Google itself has shied away from on ethical grounds. Schmidt and current executives from ...

Dems near relief bill OK by House, ponder wage plan rescue

WASHINGTON (AP) — A $1.9 trillion package aimed at helping the country rebuild from the pandemic seemed headed toward House passage Friday, even as Democrats searched for a way to revive their derailed drive to boost the minimum wage. A virtual party-line House vote was expected on the ...

Lawsuits filed against auto insurers over rates in pandemic

LAS VEGAS (AP) — Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes. The lawsuits acknowledge that ...

Judge approves bankruptcy plan for Belk chain

CHARLOTTE, N.C. (AP) — A judge approved Chapter 11 bankruptcy plans for North Carolina-based Belk on Wednesday, creating a new infusion of capital and cutting the debt load for the beleaguered department store chain. The judge approved the plan during a hearing in Houston, The Charlotte ...

Board leaders of Texas’ grid operator resign after outages

AUSTIN, Texas (AP) — Four board leaders of Texas’ embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing power during a deadly winter freeze last week. All of the board directors stepping down, including Chairwoman Sally ...

Utility: Much more power cut than necessary Mardi Gras night

NEW ORLEANS (AP) — The utility company serving New Orleans appears to have cut three times as much electricity as it needed to during emergency winter weather blackouts, slashing power to roughly 26,000 families and businesses on Mardi Gras night, company executives said Tuesday. Officials ...

Late gains reverse most of an early slide on stock market

A late-afternoon burst of buying on Wall Street helped reverse most of a stock market sell-off Tuesday, nudging the S&P 500 to its first gain after a five-day losing streak. The benchmark index eked out a 0.1% gain after having been down more than 1.8% earlier. The Nasdaq lost 0.5% as ...

Stocks fall as investors mull inflation concerns, recovery

Stocks mostly fell in afternoon trading on Monday, adding to the declines that started last week as investors continue to be concerned about rising interest rates and the potential for inflation down the road. The S&P 500 was down 0.3% as of 2:57 p.m. Eastern, pulled down by technology ...

A Biden edge in COVID-19 bill: Dems reluctant to wound him

WASHINGTON (AP) — Democratic leaders have a potent dynamic on their side as Congress preps for its first votes on the party’s $1.9 trillion COVID-19 relief bill: Would any Democrat dare cast the vote that scuttles new President Joe Biden’s leadoff initiative? Democrats’ thin 10-vote ...

After long wait, New Jersey moves ahead on recreational pot

TRENTON, N.J. (AP) — A recreational marijuana marketplace, cannabis decriminalization and looser penalties for underage possession of the drug and alcohol became law Monday in New Jersey, more than three months after voters overwhelmingly approved a ballot question to legalize adult use of ...

Cities hit hard by storms face new crisis: No water

AUSTIN, Texas (AP) — Southern cities slammed by winter storms that l eft millions without power for days have traded one crisis for another: Busted water pipes ruptured by record-low temperatures created shortages of clean drinking water, shut down the Memphis airport on Friday and left ...