Yuan, Oil Stabilize, Giving Stocks a Lift
Aug16

Yuan, Oil Stabilize, Giving Stocks a Lift

New York — A rocky week for the stock market ended on a bright note as investors bought stocks across industries. Stocks wavered Friday morning before climbing steadily during the afternoon amid a mix of earnings results. The market also got a lift as China’s currency steadied after a slump earlier in the week that shook financial markets around the world. The gains were modest but broad, with nine of the 10 sectors of the Standard...

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Biotech, Commodities Lead Dow Retreat

New York — U.S. stocks fell Friday, with the Dow Jones industrial average posting its worst week since January, as biotechnology shares slumped and raw-material producers sank amid fresh signs of a slowdown in China. Biogen lost 22 percent after cutting its 2015 earnings forecast. Raw-material and energy shares in the Standard & Poor’s 500 index fell at least 1.9 percent. Amazon surged 9.8 percent, while Visa Inc. gained 4.3...

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Stocks End Lower as Greece Deadline Looms

New York — Stocks had a mixed day Friday, as investors waited for negotiators to finish their work on a solution to Greece’s debt problems. Chinese stocks plunged 7 percent as fears spread that a yearlong bull rally there has become overheated. China’s benchmark index is still up more than double over the past year. The Dow Jones industrial average added 56.32 points, or 0.3 percent, to 17,946.68. It was largely lifted by Nike, which...

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Stocks Fall on Greek Debt Talks

New York — U.S. stocks fell Friday, with the Standard & Poor’s 500 index little changed for the week, amid growing concern Greece won’t reach a debt deal with its creditors in time to avoid default. Energy shares retreated 1.2 percent as oil declined for a second day. Cisco Systems and Intel lost at least 1.1 percent to pace a slide among technology companies. Eli Lilly dropped 2.8 percent to lead health-care companies lower....

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Minimum Wage Not Rent Money
Jun10

Minimum Wage Not Rent Money

Washington — If you’re living in a one-parent household making the $7.75 minimum wage in Hawaii, you would need to work 163 hours a week to comfortably make your rent payment on a two-bedroom apartment — giving you a luxurious five hours a week to sleep, eat or spend time with your family. To comfortably afford a decent two-bedroom home on a 40-hour work week, by contrast, you’d need to earn $31.61 an hour. The map here shows the...

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