Stock market today: Wall Street hesitates in mixed trading as Treasury yields rise more

[ad_1] U.S. stocks are hesitating in mixed trading, as strong profit reports from some big companies compete with continued worries about high interest rates. The S&P 500 was flat at the open of trading Tuesday, coming off a sharp loss after higher Treasury yields cranked up the pressure. The Dow Jones Industrial Average was up … Read more

Weedkiller manufacturer seeks lawmakers’ help to squelch claims it failed to warn about cancer

[ad_1] DES MOINES, Iowa — Stung by paying billions of dollars for settlements and trials, chemical giant Bayer has been lobbying lawmakers in three states to pass bills providing it a legal shield from lawsuits that claim its popular weedkiller Roundup causes cancer. Nearly identical bills introduced in Iowa, Missouri and Idaho this year — … Read more

With ‘functional’ beverages, brands rush to quench a thirst for drinks that do more than taste good

[ad_1] Supermarket beverage aisles are starting to look a lot more like a pharmacy. There are sodas made with mushrooms that supposedly improve mental clarity and juices packed with bacteria that claim to enhance digestive health. Water infused with collagen carries the promise of better skin, and energy drinks offer to help burn body fat. … Read more

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

[ad_1] LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. … Read more

When are those rate cuts coming, already? The European Central Bank may be providing some hints

[ad_1] FRANKFURT, Germany — The European Central Bank will likely use its Thursday meeting as a prelude to a first interest rate cut in June as the rich world’s central banks, including the ECB and the U.S. Federal Reserve, assess how soon receding inflation will let them loosen credit for businesses and consumers. It’s a … Read more

Internet providers must now be more transparent about fees, pricing, FCC says

[ad_1] NEW YORK — Much like nutritional labels on food products, “broadband labels” for internet packages will soon tell you just what is going into the pricing of your service, thanks to new rules adopted by the Federal Communications Commission this week. “If you’ve ever shopped for home or mobile internet, you can understand how … Read more

Congress summons Boeing’s CEO to testify on its jetliner safety following new whistleblower charges

[ad_1] SAN FRANCISCO — A Senate subcommittee has summoned Boeing CEO David Calhoun to testify about the company’s jetliners in an inquiry prompted by new safety-related charges from a whistleblower. The panel said it will hold a hearing next week featuring a Boeing quality engineer, Sam Salehpour, who is expected to detail safety concerns involving … Read more

Company that made millions of defective sleep apnea machines ordered to overhaul manufacturing

[ad_1] WASHINGTON — The company responsible for a global recall of sleep apnea machines will be barred from resuming production at U.S. facilities until it meets a number of safety requirements, under a long-awaited settlement announced Tuesday by federal officials. Philips will be required to overhaul its manufacturing and quality control systems and hire independent … Read more

Stock market today: Wall Street holds at a virtual standstill following last week’s sharp swerves

[ad_1] NEW YORK — U.S. stock indexes held at a virtual standstill Monday as trading calmed after a whirlwind couple of days left them a bit shy of their records. The S&P 500 edged down by 1.95 points, or less than 0.1%, to 5,202.39. It was coming off a shaky stretch where a 1.2% drop … Read more

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

[ad_1] WASHINGTON — Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates? But now, with the U.S. economy showing surprising vigor, a … Read more