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Stocks close lower again on Wall Street, still up for week

A choppy day of trading ended with stocks broadly lower on Wall Street Thursday, though indexes have managed to hold onto most of their sizeable gains from a big rally at the start of the week. The S&P 500 fell 1% after having been up 0.4% in the early going. The benchmark index is up 4.4% for the week following its best two-day rally since the spring of 2020. The selling was widespread, with roughly 80% of the stocks in the S&P 500 ending in the red. The Dow Jones Industrial Average fell 1.1%, while the Nasdaq composite lost 0.7%. The Russell 2000 index of smaller company stocks ...

Whistleblower: China, India had agents working for Twitter

WASHINGTON — Twitter’s former security chief told Congress Tuesday there was “at least one agent” from China’s intelligence service on Twitter’s payroll and that the company knowingly allowed India to add agents to the company roster as well, potentially giving those nations access to sensitive data about users. These were some of the troubling revelations from Peiter “Mudge” Zatko, a respected cybersecurity expert and Twitter whistleblower who appeared before the Senate Judiciary Committee to lay out his allegations against the company. Zatko told lawmakers that the ...

Apple maintains prices on new iPhones despite inflation

CUPERTINO, Calif. (AP) — Apple's latest line-up of iPhones will boast better cameras, faster processors, and a longer lasting battery — all at the same prices as last year's models, despite inflationary pressure that has driven up the cost of many other everyday items. That pricing decision, revealed Wednesday during Apple's first in-person product event in three years, came as a mild surprise. Many analysts predicted Apple would ask its devout fans to pay as much as 15% more to help offset rising costs for many components. The hoopla surrounding Apple's new iPhone 14 models is ...

Starbucks loses appeal, will rehire 7 fired Memphis workers

Starbucks said Wednesday it will reinstate seven employees who were fired in February after leading an effort to unionize their Memphis store. The seven will get their jobs back after the Seattle-based coffee giant lost an appeal of a lower court's order to reinstate them. Starbucks said ...

Moderna sues Pfizer, BioNTech over COVID-19 vaccine patents

COVID-19 vaccine maker Moderna is suing Pfizer and the German drugmaker BioNTech, accusing its main competitors of copying Moderna's technology in order to make their own vaccine. Moderna said Friday that Pfizer and BioNTech's vaccine Comirnaty infringes on patents Moderna filed several years ago protecting the technology behind its preventive shot, Spikevax. The company filed patent infringement lawsuits in both U.S. federal court and a German court. Pfizer spokeswoman Pam Eisele said the company had not fully reviewed Moderna's lawsuit, but the drugmaker was surprised by it, given ...

Musk subpoenas former Twitter CEO, friend Dorsey

Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found, according to court documents. Twitter and Musk are headed for an Oct. 17 trial in Delaware that should determine whether or not Twitter can force the billionaire to go through with the acquisition. Twitter has subpoenaed a host of tech investors and entrepreneurs connected to Musk, including prominent venture capitalist Marc Andreessen and David Sacks, the founding chief operating officer of ...