Financial News

Wilkes Community College: 15 Gold Medals from Statewide SkillsUSA Competition
May 17, 2022
AP-NC Newswatch
May 17, 2022
Financial News

 

Financial News:

 

Stocks gain…Booster for kids…United can use planes

NEW YORK (AP) – Stocks rose in afternoon trading as investors review an encouraging report on retail sales and a mixed batch of earnings from several big retailers. The S&P 500 rose 1.2%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq rose 1.6%. The highly volatile technology sector led the gains.

 

UNDATED (AP) – U.S. regulators have authorized a COVID-19 vaccine booster for healthy children ages 5 to 11. Everyone 12 and older already was supposed to get one booster dose for the best protection against the newest variants of the coronavirus. Some people, including those 50 and older, can choose a second booster. The Food and Drug Administration’s action now opens a third Pfizer shot to elementary-age kids, too — at least five months after their last dose.

 

WASHINGTON (AP) – House Democrats have unveiled a $28 million emergency spending bill to address the shortage of infant formula in the United States. Rep. Rosa DeLauro, the chair of the House Appropriations Committee, says the bill would help the Food and Drug Administration take important steps to restore the formula supply in a safe and secure manner. Supporters say the money would increase FDA staffing focused on the formula shortage to boost inspections, prevent fraudulent products from getting onto store shelves and acquire better data on the marketplace.

 

CARACAS, Venezuela (AP) – The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolas Maduro. That’s according to two senior U.S. officials, who spoke on condition of anonymity because the formal announcement hasn’t been made. The changes will allow Chevron Corp. to negotiate its license with the state-owned oil company, PDVSA, but not to drill or export any petroleum of Venezuelan origin.

 

UNDATED (AP) – Federal safety officials are moving to let United Airlines resume using about 50 planes that have been grounded since the engine of one of them blew apart over Denver last year. The Federal Aviation Administration confirmes that it has approved Boeing’s outline of required fixes to the Boeing 777s, whose engines were made by Pratt & Whitney. A United Airlines executive says the airline plans to start using some of the planes within a week.