Fed: Will Use ‘Full Range Of Tools’ To Boost Economy
WASHINGTON (AP) — The Federal Reserve has promised to use its “full range of tools” to pull the country out of a deep recession caused by a global pandemic, signaling that it would...
Dow Sinks 1,800 as Virus Cases Rise, Deflating Optimism
NEW YORK (AP) - Stocks are falling sharply on Wall Street Thursday as coronavirus cases increase again, deflating recent optimism that the economy could recover quickly as lockdown...
Wait to Reopen? Some NYC Shops Run out of Patience
NEW YORK (AP) — In a city famous for its lack of patience, some businesses have jumped ahead on what's supposed to be a slow and methodical emergence from coronavirus lockdown.
...
1.5 Million More Laid-Off Workers Seek Unemployment Benefits
WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy ...
Google Quietly Rolls Out Test Version Of Android Upgrade
SAN RAMON, Calif. (AP) — Google has released a test version of its annual upgrade to its Android software without the usual fanfare heralding the latest operating system powering m...
Stocks End Mostly Lower, Even As Nasdaq Tops 10,000 Points
NEW YORK (AP) - Stocks closed a choppy day on Wall Street with broad losses Wednesday, despite fresh assurances from the Federal Reserve that it would keep interest rates low throu...
Fed To Keep Buying Bonds And Sees No Rate Hike Through 2022
WASHINGTON (AP) — The Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly al...
$3.6 Billion Mall Deal Goes Up On Smoke, The Second Major Deal Signed Just Before Pandemic To Go Bust As Retail Quakes
NEW YORK (AP) — The nation's biggest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail economy.
It is the secon...
Starbucks Takes $3 Billion Hit To Revenue During Pandemic
SEATTLE (AP) - Starbucks took a virus-related revenue hit potentially exceeding $3 billion in its third quarter.
The brewer said in a regulatory filing Wednesday that the virus ...
May Consumer Prices Fall 0.1%, The Third Consecutive Month
WASHINGTON (AP) —U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession.
The Labor Department ...
Fox News: Black Deaths, Stock Market Graphic Was Insensitive
LOS ANGELES (AP) — Fox News apologized Saturday for how it displayed a chart correlating the stock market's performance with the aftermath of the deaths of George Floyd, Martin Lut...
Trump Takes Victory Lap On Jobs Report
WASHINGTON (AP) — President Donald Trump took a victory lap Friday morning after the government reported surprising job gains for last month, seizing on the data to predict that th...
JC Penney Closing 154 Stores In First Post-bankruptcy Phase
NEW YORK (AP) — J.C. Penney said Thursday that it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint.
Th...
Mall Owner Sues Gap For Rent On Coronavirus-shuttered Stores
NEW YORK (AP) — Gap is being sued for refusing to pay rent for stores temporarily closed during the coronavirus pandemic.
Mall owner Simon Property Group said in a lawsuit filed...
After Historic Casino Closure, Gambling Returns to Las Vegas
LAS VEGAS (AP) — The casino coronavirus closure has ended. Cards are being dealt, dice are rolling and slot machines flashed and jingled for the first customers who started gamblin...
You’re Not the Only One Skeptical of the Stock Market Rally
NEW YORK (AP) - Just because stocks have scrambled nearly all the way back to their record heights doesn’t necessarily mean the market is in the clear.
Stocks have a long histor...
1.9 Million Seek Jobless Aid Even As Reopenings Slow Layoffs
WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, the ninth straight decline since applications spiked in mid-March, a sign that the gra...
Wall Street’s Rally Rolls On; S&P 500 Back Within 8% Of High
NEW YORK (AP) - Stocks bubbled even higher on Wednesday, vaulting Wall Street back to where it was just one week after it set its all-time high earlier this year, as optimism build...
Zoom Booms As Pandemic Drives Millions To Its Video Service
SAN RAMON, Calif. (AP) — Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, f...
Insider: Jetblue CEO Discusses Covid-19’s Impact On Airlines
NEW YORK (AP) - Airlines are starting to see a slight rise in bookings, but air travel remains down about 90%, prompting speculation about which carriers might go under.
JetBlue...