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Business News

Broken speaker? Repair Cafes urge you to fix it instead of pitch it

NEW PALTZ, N.Y. (AP) — On a drizzly Saturday morning late last month, the basement of the New Paltz United Methodist Church filled with old lamps, blunt knives, malfunctioning sound mixers and balky zippers. About a dozen volunteers welcomed the broken goods and their owners to a worldwide ...

Best places to park your short-term investments

As you consider your options for short-term investments, keep three key items in mind. 1. Yield: The accounts with the highest yields typically require you to maintain a minimum balance. “Teaser” rates may apply to the first few months but drop after that. Additionally, that high yield ...

Musk becomes first trillionaire as SpaceX stock soars in debut

NEW YORK (AP) — Elon Musk became the world’s first trillionaire after shares of his rocket company SpaceX soared in Wall Street’s biggest initial public offering of stock. Shares in SpaceX jumped more than 19% after opening for trading Friday, a sign that investors are looking past the ...

Ford recalls more than 250,000 Focus models

The Associated Press Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving. The recall includes 255,404 Ford Focus automobiles, model years 2012-2018. Ford said the canister ...

US stocks jump to their best day in 2 months

NEW YORK (AP) — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped ...

Consumers stung by energy prices that have pushed inflation above 4%

WASHINGTON (AP) — Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4.2% in May from a year earlier, the Labor ...