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NEW YORK – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616
Nestlé Prepared Foods is recalling more than 92,000 pounds of its Lean Cuisine Baked Chicken frozen meals after receiving complaints from consumers finding plastic pieces in their meals.On Saturday, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced the products that may be contaminated with extraneous materials, specifically white hard plastic pieces.The agency believes that the mashed potatoes used in the meal were contaminated with pieces of a plastic conveyor belt that broke during production.According to the press release, the products were produced and packaged on September 2, 2020, and shipped nationwide. The products bear the establishment number "EST.P-9018," which can be found on the side of the case near the lot number, the agency said.They have a best before date of October 2021.Although they have not received any reports of illness or injury, FSIS is concerned that some products may be in consumers' freezers.FSIS advises that if you have purchased the recall item, throw it away or return it to where you bought it. 1088
Next March, the monthly subscription price of Disney+ will increase by in the United States.During its annual Investors Day, Disney announced that beginning March 26, 2021, the monthly subscription price would cost .99. Its yearly subscription would increase by to .99.The Disney Bundle that includes Disney+, Hulu with ads, and ESPN+ would increase by to .99 per month, the company announced.The company also announced that in Europe, Disney+ would go from �6.99 to �8.99 per month, alongside the Star rollout, which debuts Feb. 23.The news comes after Netflix announced in October that they would raise the price on its standard and premium plans for its US subscribers. 698
NEW YORK CITY — Snitches get — a quarter of the proceeds?New York City city legislators have proposed a new bill that would allow people in the city to report others for parking illegally and take a cut of the fine.Two Democratic New York City councilmen — Council Speaker Corey Johnson and Stephen Levin — are the primary sponsors of the bill that would create a 5 fine for obstruction of a bike lane, bus lane, sidewalk, cross walk or fire hydrant under certain conditions.The bill would also create a civilian reporting program, essentially allowing passersby to submit complaints — and provide evidence — of a violation to the Department of Transportation. Once the city collects the fine, the complainant gets 25%.If the bill passes, it'll bring new meaning to "if you see something, say something."This story was originally published by Corey Crockett on WPIX in New York City. 894
NEW YORK (AP) — Video app TikTok said it would wage a legal fight against the Trump Administration's efforts to ban the popular, Chinese-owned service over national-security concerns.TikTok, which is owned by China's ByteDance, insisted that it is not a national-security threat and that the government is acting without evidence or due process.On Monday, the company said it would file suit against the government later Monday in federal court in California."Now is the time for us to act," the company said in a press release. "We do not take suing the government lightly; however, we feel we have no choice but to take action to protect our rights and the rights of our community and employees."A copy of the complaint could not be immediately obtained.President Donald Trump issued an executive order in August that imposed a sweeping but unspecified ban on any "transaction" with ByteDance, to take effect in mid-September.In recent weeks, the Chinese-owned app was in talks with Microsoft to purchase them, but with the lawsuit, TikTok switched gears is now going on the offensive. 1095
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