Business

COVID-19 Vaccine Boosters Could Mean Billions For Drugmakers

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Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans' protection against the virus. How...

New Homes Sales Rise For Second Straight Month In August

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SILVER SPRING, Md. (AP) — Sales of new homes in the U.S. rose modestly in August as rising prices continue to sideline potential buyers. Sales of new homes last month rose 1.5%,...

China Declares All Cryptocurrency Transactions Illegal

BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial di...

Once-Hot SPAC Investments Return To Earth

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NEW YORK (AP) — The spectacular run for the investing phenomenon known as SPACs, once the hottest thing on Wall Street, has fizzled so much that many have been relegated to the bar...

US Jobless Claims Tick Up From Near A Pandemic Low

WASHINGTON (AP) — The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus may b...

Loop Hopes To Go Mainstream With Reusable Packaging

Reusable packaging __ from stainless steel ice cream containers to glass jars of soap __ is about to become more common at groceries and restaurants worldwide. Loop, a two-year-...

Under Pressure, Powell Says Fed To Revamp Its Trading Rules

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in response to growing questions about invest...

Apple, Google Remove Opposition App As Russian Voting Begins

MOSCOW (AP) — Facing Kremlin pressure, Apple and Google on Friday removed an opposition-created smartphone app that tells voters which candidates are likely to defeat those backed ...

MassMutual Fined For Failing To Monitor Gamestop Saga Star

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NEW YORK (AP) — Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise a...

Kroger, Instacart Team On New 30-Minute Delivery Service

OHIO (AP) - Kroger is teaming up with Instacart on a new delivery service that can get grocery items to customers in as little as 30 minutes. The announcement comes at a time wh...

Amazon Eyes 125K More Hires, $18+ Per Hour Average Salary

Amazon wants to hire 125,000 delivery and warehouse workers and said Tuesday that it is paying new hires an average of $18 an hour in a tight job market as more people shop online....

Free Rides Take $104M Toll On Pennsylvania Turnpike Finances

CARLISLE, Pa. (AP) — More than $104 million in Pennsylvania Turnpike tolls went uncollected last year as the agency fully converted to all-electronic tolling, with the millions of ...

US Consumer Prices Rise 0.3% In August, Lowest In 7 Months

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WASHINGTON (AP) — U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that inflation pressures may be cooling....

Adapt Or Else: Downtown Businesses Cope With New Reality

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NEW YORK (AP) — Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide a steady clientele looking for breakfast, lunch, everyday goods a...

US Investigating Airlines Over Slow Refunds During Pandemic

WASHINGTON (AP) — The Transportation Department is detailing efforts it says it is making to help airline customers who were wrongfully denied refunds after flights were canceled o...

Judge Rules Against Major Apple App Store Policy, Blocks Requirement That App Developers Use Apple Payment Systems

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SAN RAMON, Calif. (AP) — A federal judge ordered Apple to dismantle part of the competitive barricade guarding its closely run app store, threatening one of the iPhone maker’s bigg...

White House Competition Council Seeks Lower Consumer Prices

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WASHINGTON (AP) - A new White House council on U.S. economic conditions plans to hold its first meeting Friday, with participants to highlight at least 18 actions taken to help con...

U.S. Producer Prices Up 8.3% In August From A Year Earlier

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WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month num...

Facebook, Ray-Ban Launch Smart Glasses — Who Will Wear Them?

Seven years after the ill-fated Google Glass, and five years after Snap rolled out Spectacles, another tech giant is trying its hand at internet-connected smart glasses, hoping tha...

Airlines Say Rise In COVID-19 Cases Is Hurting Ticket Sales

DALLAS (AP) — Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying a recovery for t...