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Money & Markets

Stocks end up mixed on Wall Street after early gains fade

NEW YORK — U.S. stocks were mixed Monday at the start of a week with a few events that could shake markets, including updates on inflation and the health of corporate profits. The S&P 500 dipped 0.1 percent after surrendering an early gain of 1.4 percent in its first trading after ...

Travelers rush to take advantage of China reopening

BEIJING — After years of separation from his wife in mainland China, Hong Kong resident Cheung Seng-bun made sure to be among the first in line following the reopening Sunday of border crossing points. The ability of residents of the semi-autonomous southern Chinese city to cross over is ...

US approves Alzheimer’s drug that modestly slows disease

WASHINGTON — U.S. health officials on Friday approved a closely watched Alzheimer’s drug that’s been shown to modestly slow the early stages of the brain-robbing disease, albeit with potential safety risks that doctors and patients will have to carefully weigh. The drug, Leqembi, is the ...

FTC proposes rule that would ban employee noncompete clauses

The Federal Trade Commission proposed a rule Thursday that would ban U.S. employers from imposing noncompete clauses on workers, a sweeping measure that could make it easier for people to switch jobs and deepen competition for labor across a wide range of industries. The proposed rule would ...

Supply chain woes caused US auto sales to fall 8 percent last year

DETROIT — Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8 percent from 2021 to their lowest level in more than a decade. But there’s good news for consumers in the gloomy numbers: Vehicle supplies ...

FTX founder Sam Bankman-Fried pleads not guilty to fraud

NEW YORK — FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October. Bankman-Fried, 30, denied charges ...