Inventories end up being mixed … Investigation on Instagram … Wind farm | Kentucky
NEW YORK (AP) – Shares closed mixed as investors reviewed the latest retail earnings reports and a job market update. The S&P 500 rose 0.3% to a new high, the Dow Jones Industrial Average fell 0.2% and the Nasdaq composite rose 0.5%, also a new high. Financial companies have suffered some of the biggest losses. Bond yields fell slightly. Strong earnings reports have helped chipmaker Nvidia and several retailers, including Macy’s and Kohl’s. The Labor Department reported that the number of Americans claiming unemployment benefits fell for the seventh consecutive week to a pandemic low of 268,000.
NO DATE (AP) – A group of state attorneys general are investigating Instagram and its effects on children and young adults, saying its parent company Facebook – recently renamed Meta Platforms – has ignored research into the damage it is causing youth. The investigation is being led by a bipartisan coalition of attorneys general from California, Florida, Kentucky, Massachusetts, Nebraska, New Jersey, Tennessee and Vermont. This follows damning newspaper articles, first by the Wall Street Journal, which revealed that the company was aware of the damage Instagram can do to teens when it comes to mental health and image issues. bodily.
BOSTON (AP) – US Home Secretary Deb Haaland joined Massachusetts Governor Charlie Baker to mark the grand opening of the first commercial-scale offshore wind farm in the United States. Haaland said Thursday in Cape Cod that the Vineyard Wind 1 project is the first in a long series that will contribute to President Joe Biden’s goal of 30 gigawatts of offshore wind power by 2030. The farm will produce enough power. electricity each year to power more than 400,000 homes. Fishing groups said the federal government had not sufficiently considered the impacts on their industry.
RIVERSIDE, Calif. (AP) – California has a new $ 419 million research facility that will allow state air quality regulators to expand emissions testing for heavy vehicles. Officials on Thursday dedicated the Riverside town center which will allow more checks to be carried out on heavy vehicles such as trucks, buses and bulldozers in addition to passenger cars. It replaces an almost 50-year-old lab near El Monte, which state officials attribute to helping uncover Volkswagen’s diesel emissions fraud scandal. The state of about 40 million people has long been considered a leader in clean air regulation.
DETROIT (AP) – Consumer Reports says electric SUVs are generally among the least reliable vehicles on the road, but that’s not because of the batteries or the electric motors that power them. The magazine and website’s annual automotive reliability survey found this to be due to problem-prone electronics, including air conditioning controls and electrical equipment. Electric SUVs were the least reliable category in the annual survey of subscribers who have more than 300,000 vehicles. Compact, plug-in gas-electric hybrids were the most reliable category.
Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.