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Money & Markets

Lawsuit: Swift Pork endangered workers with free steak lunch

The family of an Iowa meatpacking plant worker who died from COVID-19 is suing the company for allegedly failing to protect employees who were “crammed” into a dining hall for a free steak lunch in appreciation of their attendance during the pandemic. Jose Andrade-Garcia, the lawsuit ...

Powell: ‘Soft’ economic landing may be out of Fed’s control

WASHINGTON — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession. For weeks, Powell ...

Coinbase loses half its value in a week as crypto slumps

SILVER SPRING, Md. — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, ...

Drivers bemoan high gasoline prices with no relief in sight

NEW YORK — Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights. Drivers were paying $4.37 for a gallon of regular Tuesday, on average, according to AAA. That’s 25 cents higher than a month ago, and ...

Wall Street’s losses worsen as markets tumble worldwide

NEW YORK — Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year. The sell-off came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates. The S&P 500 ...

US added 428,000 jobs in April despite surging inflation

WASHINGTON — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that ...