NEW YORK (AP) — Stocks are down today. The Dow is off more than 100 points in afternoon trading, while the broader indexes are seeing proportionately smaller losses. The S&P 500, however, remains near its all-time high. The benchmark for most investment funds has been on a slow and steady rise since April and is now up more than 5 percent for the year.
NEW YORK (AP) — Twitter has shut down its TweetDeck application’s access to tweets. The move comes after a tweet containing computer code started propagating itself through Twitter by taking advantage of a security flaw in TweetDeck. Affected users saw pop-up windows on their screens. The tweet has been retweeted tens of thousands of times.
DES MOINES, Iowa (AP) — A report today says U.S. companies relying on farmers for corn and other raw materials in their products must take a more active role in ensuring the crops are grown sustainably. The report comes from Ceres, a nonprofit network of investors, companies and public interest groups. It’s been working with several companies, such as food giants General Mills and Unilever, to set goals for suppliers that reduce the environmental impact of their crops and preserve water and soil.
WASHINGTON (AP) — The U.S. government’s monthly budget has returned to deficit. The Treasury Department says the May deficit totaled $130 billion. But that followed a surplus of nearly $107 billion in April. So far this year, the overall imbalance is far smaller than it was the last year, putting the country on track for the lowest annual deficit in six years.
SAN FRANCISCO (AP) — San Francisco voters will decide in November whether to raise the city’s minimum wage to $15 an hour. The mayor, city supervisors and business and labor leaders have announced a deal on a ballot measure that would phase in the increase by 2018. The city’s current minimum wage is $10.74 an hour. Meanwhile, the Seattle City Council’s decision to hike its minimum wage to $15 an hour is being challenged in a new federal lawsuit. The International Franchise Association says it’s unfair to small franchises.
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