Business Highlights for Thursday, Sept. 19

Stunted consumer spending feared; Airbnb to go public; Walgreens to test drone deliveries.

Weak manufacturing threatens consumer-fueled growth

NEW YORK — Manufacturers are facing stunted growth amid the damaging trade war between the U.S. and China, and that has some on Wall Street worried that it will crimp the consumer-fueled economy. Factory output has been slowing all year, and suffered its first contraction in three years during August. For now consumers are still doing much of the lifting for the U.S. economy. But a trade-war-damaged manufacturing sector could eventually dash consumer confidence and spending.

Airbnb says it will go public in 2020

NEW YORK — Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business. Airbnb disclosed the news in a brief statement.

Walgreens, Google affiliate to launch drone delivery test

Walgreens and a Google affiliate are testing drone deliveries that can put drugstore products on customer doorsteps minutes after being ordered. The companies said Thursday that snacks like Goldfish crackers or gummy bears as well as aspirin for a sick child will be delivered starting next month in Christiansburg, Virginia, by a 10-pound drone that flies as fast as 70 miles per hour.

Stock indexes finished mixed after early rally fades

NEW YORK — Major U.S. stock indexes ended mixed Thursday after an early rally lost its strength toward the end of the day. The S&P 500 managed to hold on to a tiny gain that extended its winning streak to a third day. Gains in health care, technology, utilities and other sectors outweighed losses elsewhere in the market. Bond yields were little changed. The market rallied in the early going on a batch of encouraging economic reports.

The S&P 500 index rose 0.06 of a point, or less than 0.1%, to 3,006.79.

The Dow Jones Industrial Average slid 52.29 points, or 0.2%, to 27,094.79.

The Nasdaq added 5.49 points, or 0.1%, to 8,182.88.

The Russell 2000 index of smaller company stocks shed 6.87 points, or 0.4%, to 1,561.47.

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More in Herald Business Journal

Small business relief effort inundated with 850 applications

The economy in and around Everett has struggled amid fallen revenues and uncertainty about the future.

‘Hundreds of millions’ in bogus jobless benefits paid out

Washington state has been reported as the top target of a Nigerian fraud ring.

Marysville drivers wait overnight for Chick-fil-A opening

The popular chicken restaurant began serving at 6:30 a.m. Thursday. Police plan to guide traffic for days.

Tulalip Resort Casino and Quil Ceda Creek to open Tuesday

Guests must wear a mask and occupancy is limited, the Tulalip Tribes announced Wednesday.

As Arlington gym closes, a Snohomish barber continues to cut

PA Fitness closed after the state attorney general filed a lawsuit. “We would lose,” a co-owner conceded.

FAA says it will let Boeing employees vouch for plane safety

The agency defended the current system but identified areas for improvement. Some lawmakers disagree.

Fraudsters using local identities for phony jobless claims

The Everett School District, for example, saw about 310 false claims using employees’ personal information.

State sues an Arlington gym for violating stay-home order

“It is my constitutional right to be open,” says a co-owner of PA Fitness. He plans to countersue.

Heavy traffic expected when Chick-fil-A opens in Marysville

The city warns there will likely be delays for days along 88th Street NE. near the new restaurant.

Somers announces $14 million in relief for small businesses

One program will target aerospace companies. The other will focus on service and retail industries.

Paine Field terminal to close for 71 days of ramp repairs

Alaska is down to one departure per day due to the coronavirus outbreak’s effect on travel.

Quarantini time! New state rule allows cocktails to-go

Enjoy a margarita or a Manhattan with lunch or dinner to go. At Buck’s in Everett, you keep the mason jar.