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Money & Markets

Critics: Postal Service plans imperil community newspapers

The U.S. Postal Service’s plan to raise mailing rates could present one more damaging blow to community newspapers already reeling from the coronavirus pandemic and advertising declines, a trade group says. Rates on periodicals would increase by more than 8% as of Aug. 29, according to ...

Pentagon cancels JEDI cloud contract with Microsoft

WASHINGTON — The Pentagon said Tuesday it canceled a disputed cloud-computing contract with Microsoft that could eventually have been worth $10 billion. It will instead pursue a deal with both Microsoft and Amazon and possibly other cloud service providers. “With the shifting technology ...

US agency offers $307 million for rural water projects

OHKAY OWINGEH PUEBLO, N.M. — The U.S. Department of Agriculture will issue up to $307 million in grants and low-interest loans in an effort to modernize rural water infrastructure, officials announced Wednesday. The programs are aimed at towns with less than 10,000 people in 34 states and ...

UAW leader sentenced for role in racketeering scandal

the associated press DETROIT — The man who formerly oversaw a major region of United Auto Workers was sentenced to prison Tuesday for his part in a union racketeering scandal. Vance Pearson, who was based in the St. Louis area as director of UAW’s Region 5, was sentenced to 12 months ...

Fallout continues from biggest global ransomware attack

BOSTON — The single biggest ransomware attack yet continued to bite Monday as more details emerged on how a Russia-linked gang breached the exploited software company. The criminals essentially used a tool that helps protect against malware to spread it globally. Thousands of organizations ...

Robinhood’s customer ranks grow, revenue soars ahead of IPO

NEW YORK — Robinhood saw its revenue more than quadruple early this year as the new generation of investors it’s helped empower shook up Wall Street with their newfound trading power. In a filing with the Securities and Exchange Commission Thursday, Robinhood also said that it wants to ...