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Money & Markets

Is tipping getting out of control? Many consumers say yes

NEW YORK — Across the country, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being ...

Tax the rich? Liberals renew push for state wealth taxes

Supporters of taxes on the very rich contend that people are emerging from the COVID-19 pandemic with a bigger appetite for what they’re calling “tax justice.” Bills announced Thursday in California, New York, Illinois, Hawaii, Maryland, Minnesota, Washington and Connecticut vary in ...

Rally for tech stocks helps soften Wall Street’s rough week

A rough week on Wall Street dominated by worries about a weakening economy ended Friday with a broad rally that gave the market its best day in two weeks. The S&P 500 rose 1.9 percent. Despite the gains, the benchmark index still ended with its first weekly loss in the last three. The Dow ...

UAW chief says deal near that may end CNH Industrial strike

DETROIT — The United Auto Workers president says the union is close to reaching another agreement with CNH Industrial that improves a deal rejected by striking workers earlier this month. In an interview with The Associated Press Thursday, President Ray Curry said he’s hopeful the deal ...

Wholesale inflation in US slowed further in December to 6.2%

WASHINGTON — Wholesale prices in the United States rose 6.2 percent in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool. The latest year-over-year figure was down from 7.3 percent in November and from a recent peak of ...

Emerson reveals $7.6 billion bid for National Instruments

NEW YORK — Emerson Electric Co. is going public with its $7.6 billion bid for National Instruments, saying the company has avoided serious buyout negotiations since early last year. Emerson bumped up its cash offer for the maker of scientific measuring equipment and software to $53 per ...