Wall Street registers losses ... Supreme Court-Consumers ... Seattle-Minimum Wage
NEW YORK (AP) — Another drop in crude oil prices helped bring energy stocks lower today, dropping the market from the record highs it set a day earlier. The price of crude touched its lowest level of the year. Retailers also fell. Ross Stores fell 4.8 percent. The Standard & Poor’s 500 index fell 16 points, while the Dow Jones industrial average slipped 61 points and the Nasdq fell 50 points.
ST. LOUIS (AP) — Experts say a Supreme Court ruling this week could have a “chilling effect” on the many lawsuits filed in St. Louis claiming talcum powder causes a deadly form of cancer in women. Justices ruled 8-1 Monday that hundreds of out-state-residents can’t sue Bristol-Myers Squibb Co. in California state court over reactions to the blood thinner Plavix. It followed a similar ruling in another case in May. Both were seen as wins for companies opposed to “venue shopping.”
SEATTLE (AP) — A new study says Seattle’s $15-an-hour minimum wage law has boosted pay for restaurant workers without costing jobs.The report, from the University of California at Berkeley, is certain to add to the debate as activists around the country push for increases in local, state and federal minimum wages. The report was obtained by The Associated Press before its official release.
SAN FRANCISCO (AP) — Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. Besides the built-in tipping option announced Tuesday, Uber is giving drivers an opportunity to make more money in other ways too.
WASHINGTON (AP) — President Donald Trump has nominated Republican Marvin Kaplan to the government’s board of referees between unions and businesses. If confirmed by the Senate, Kaplan would give Republicans and Democrats two seats each on the five-member National Labor Relations Board, a step toward giving Trump’s party a majority as he seeks to roll back regulations enacted under President Barack Obama. A fifth seat remains empty, but Trump is expected to fill it with another Republican, for a GOP majority for the first time in 10 years.