Stocks mostly lower…Increase in temporary worker visas
NEW YORK (AP) – Stocks are mostly lower as investors start digesting company earnings reports. Utilities and a mix of companies that make consumer goods and household products did better than most of the market. Kansas City Southern rose 15% after another Canadian railway company made an offer for the railroad, which will likely start a bidding war.
WASHINGTON (AP) – President Joe Biden’s administration is increasing the number of temporary seasonal workers who will be allowed to work in the United States this year as the economy recovers from the pandemic. The Department of Homeland Security announced that the U.S. would approve an additional 22,000 seasonal worker visas on top of the annual limit of 66,000 set by Congress. It cited increased demand from employers.
TORONTO (AP) – Prime Minister Justin Trudeau is extending travel restrictions that make it mandatory for air travelers to quarantine in a hotel at their own expense when they arrive in Canada. He’s also thanking the country’s two major airlines for extending a voluntary suspension of flights to Mexico and all Caribbean destinations until May 21. The measures were first announced in January.
UNDATED (AP) – The owner of the Daily Mail website is suing Google, saying the tech company’s dominance in online advertising has harmed its business. The suit, filed Monday in federal court in New York, says Google punishes publishers’ search results if they don’t sell enough ad space through Google. Federal and state antitrust authorities have sued Google. Google said the Daily Mail’s claims are inaccurate and it will defend itself against them.
LONDON (AP) – The U.K. government has pledged to reduce carbon emissions by more than three-quarters of their 1990 levels by 2035. The more ambitious climate target was announced ahead of a virtual climate summit U.S. President Joe Biden plans to host on Thursday. The new carbon-cutting goal includes for the first time Britain’s share of emissions from international aviation and shipping, as well as the emissions produced in the country.