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The Seattle Times

URL:

https://www.seattletimes.com/

Catalog:

Economy

Publishes:

44.3 items/day

Countering Biden, GOP pitches $568B for infrastructure

18:43
WASHINGTON (AP) — A group of Senate Republicans on Thursday unveiled a public works proposal with a much smaller price tag and a narrower definition of infrastructure than what President Joe Biden has proposed, highlighting the stark differences between the two sides that will be difficult to bridge in coming months. The price of the […]

US aid lifts Southwest to Q1 profit, American loses $1.25B

18:43
With a strong push from taxpayers, Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, and airlines executives say that the worst of the pandemic-caused crisis for their industry appears to be over. Southwest Chairman and CEO Gary Kelly said Thursday that his airline has seen steady improvement […]

EPA review faults permitting for proposed Minnesota mine

18:09
MINNEAPOLIS (AP) — An internal investigation has found that the Environmental Protection Agency mishandled its oversight of permits for what would be Minnesota’s first copper-nickel mine, according to the federal agency’s inspector general. The findings describe a flawed review of two permits issued for the $1 billion mine that PolyMet Mining Corp. wants to build […]

US average mortgage rates under 3% for first time since Feb.

17:36
McLEAN, Va. (AP) — Mortgage rates fell for the third straight week, dipping below 3% for the first time in two months. Mortgage buyer Freddie Mac reported Thursday that the benchmark 30-year home-loan rate declined to 2.97% this week from 3.04% last week. At this time last year, the long-term rate was 3.33%. The rate […]

A philanthropic drive to aid Black women is gaining momentum

17:36
The needs of Black women and girls have become a focus of philanthropic efforts as major donors seek to narrow a racial wealth gap and address chronic funding disparities for groups that serve minority women. This week’s guilty verdicts for Derek Chauvin, the former Minneapolis police officer whose murder of George Floyd sparked global protests […]

J&J vaccine ‘pause’ latest messaging challenge for officials

17:36
NEW YORK (AP) — Confronted with rare cases of blood clots potentially linked to Johnson & Johnson’s COVID-19 vaccine, U.S. health officials faced a delicate task: how to suspend distribution of the shots without setting off alarm about their safety. It was the just the latest challenge in crisis messaging for officials since the start […]

AT&T shares rise after Q1 results top analyst estimates

17:36
Shares of AT&T Inc. rose Thursday after the telecom giant’s first-quarter results topped analyst expectations. The company’s wireless division, its largest unit, added 595,000 phone customers who pay a monthly bill, up from 163,000 in the same period in 2020. It also added 207,000 prepaid phone customers. In the WarnerMedia entertainment unit, revenue rose 9.8% […]

Shortage cuts into sales of existing US homes in March

17:36
Sales of previously occupied U.S. homes fell for the second consecutive month in March because there are so few on the market, and the fierce competition for those that do exist are pushing prices to new highs. Existing home sales fell 3.7% last month from February to a seasonally-adjusted rate of 6.01 million annualized units, […]

Jaguar Land Rover halts production because of chip shortage

16:30
LONDON (AP) — Jaguar Land Rover said Thursday it’s suspending production at two U.K. factories, becoming the latest automaker to fall victim to a global shortage of microchips. “Like other automotive manufacturers, we are currently experiencing some COVID-19 supply chain disruption, including the global availability of semiconductors,” the British luxury car brand said in a […]

Alaska Air suffered another big quarterly loss, but has stopped the cash bleed

16:30
March was the first month since the pandemic began that Alaska stopped bleeding cash. The loss would have been greater but for a government Payroll Support Program grant of $411 million to cover wages.

Coronavirus daily news updates, April 22: What to know today about COVID-19 in the Seattle area, Washington state and the world

15:23
We’re updating this page with the latest news about the COVID-19 pandemic and its effects on the Seattle area, the Pacific Northwest and the world, including stats about the spread of the coronavirus in Washington state.

Space-junk sleuths track to Eastern Washington the rocket chunks that lit up the sky in March

15:23
A NOAA meteorologist, a software geek and a fulltime meteorite hunter together tracked the debris from a SpaceX rocket re-entry that went awry March 25, and located large pieces that fell on eastern Washington.

Union Pacific profit down 9% but economy will grow in 2021

15:23
OMAHA, Neb. (AP) — Union Pacific’s first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy is steadily improving. The Omaha, Nebraska-based company said Thursday that it earned $1.34 billion, or $2 per share, in the quarter. That’s down from $1.47 billion, or $2.15 per share, […]

US jobless claims fall to 547,000, another pandemic low

14:50
WASHINGTON (AP) — The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor Department said Thursday that applications declined 39,000 from a revised 586,000 a week […]

German minister denies responsibility in Wirecard scandal

14:50
BERLIN (AP) — Germany’s finance minister denied any responsibility on his or the government’s part for the scandal surrounding collapsed payment systems provider Wirecard, as he testified before lawmakers on Thursday. Wirecard filed for protection from creditors through insolvency proceedings in June after admitting that 1.9 billion euros ($2.3 billion) supposedly held in trust accounts […]
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