Fed Survey Finds Growth ‘Downshifted’ In Summer Due To COVID
WASHINGTON (AP) — U.S. economic activity “downshifted” in July and August due to rising concerns about COVID's delta variant, as well as supply chain problems and labor shortages, ...
Collectible Prices Skyrocket, To The Dismay Of Hobbyists
NEW YORK (AP) — Americans have become obsessed with collectibles, bidding up prices for trading cards, video games and other mementos of their youth. The frenzy has brought small f...
US Hiring Slows To Just 235,000 Jobs After 2 Strong Months
WASHINGTON (AP) — America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has di...
From Fad To Force, Sustainable Investing Sweeps Wall Street
NEW YORK (AP) — Sustainable investing has gone way past fad to become one of the steadiest forces on Wall Street.
Over the two years through July, month in and month out investo...
GM, Ford Halt Some Production As Chip Shortage Worsens
DETROIT (AP) — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks.
Genera...
US Jobless Claims Reach A Pandemic Low As Hiring Strengthens
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign that the job market is steadily rebounding from the ...
Amazon Says It’s Looking To Hire 55,000 People
NEW YORK (AP) — Amazon is going on another hiring spree.
The company said Wednesday that it plans to hire 55,000 people around the world, with about 40,000 of those roles in the...
Politico Employees Will Not Have To Sign Their New Parent Company’s Pro-Israel Mission Statement
VIRGINIA (JTA) — Ben Smith hid a significant nugget deep within his latest New York Times story, on the billion-dollar sale of Politico: The magazine and news site’s new owners, Ge...
US Consumer Confidence Falls In August To 6-Month Low
WASHINGTON (AP) — U.S. consumer confidence fell in August to the lowest level since February amid rising concerns about the rapidly spreading delta variant of the coronavirus and w...
US Home Prices Soar At Record Pace In June
WASHINGTON (AP) — U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market re...
Amazon Teams With Affirm To Offer Buy-now-pay-later Option
SAN FRANCISCO (AP) — Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option that does not involve credit cards.
San Francisco-based A...
T-Mobile CEO Says “Truly Sorry” For Hack Of 50M Users’ Data
BELLEVUE, Wash. (AP) — T-Mobile says it has notified nearly all of the millions of customers whose personal data was stolen and that it is “truly sorry” for the breach.
CEO Mike...
Powell: Fed On Track To Slow Aid For Economy Later This Year
WASHINGTON (AP) — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signali...
Delta Air Lines Will Make Unvaccinated Employees Pay Charge
NEW YORK (AP) - Delta Air Lines will charge employees on the company health plan $200 a month if they fail to get vaccinated against COVID-19, a policy the airline's top executive ...
Modest Gains Nudge Nasdaq Above 15,000 For The First Time
NEW YORK (AP) - Wall Street delivered more milestones Tuesday after a modest pickup in stocks nudged the S&P 500 to an all-time high and the Nasdaq composite climbed above 15,0...
Walmart To Launch Delivery Service For Other Businesses
NEW YORK (AP) — Walmart says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers' products di...
Pfizer To Pay $2.26B For Cancer Treatment Developer Trillium
NEW YORK (AP) - Pfizer is spending more than $2 billion in cash to buy a drugmaker focused on cancer treatments.
Pfizer will pay $18.50 for each share of Trillium Therapeutics I...
Facebook Launches Virtual-Reality Work App For Meetings
NEW YORK (AP) - Facebook is trying to pull in workplace users with a new virtual-reality meetings app called Horizon Workrooms.
Workrooms lets people meet remotely in a virtual ...
US Jobless Claims Hit A Pandemic Low As Hiring Strengthens
WASHINGTON (AP) — The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America's job market is rebou...
Fed’s Powell: There’s No Returning To Pre-Pandemic Economy
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central ...