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...
US Mortgage Rates Fall; 30-year Loan At All-time Low 3.15%
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus o...
US Layoffs Climb To 41 Million, Despite Business Reopenings
WASHINGTON (AP) — An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the runnin...
Boeing Cuts 12,000 Jobs, Resumes Production Of Grounded Jet
CHICAGO (AP) — Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cut...
Fed Report Notes Businesses Less Optimistic About Economy
WASHINGTON (AP) — Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration's optimism about a rapid economic recovery starting t...
Why Good Credit Matters — Even If You Don’t Plan To Borrow
NEW YORK (AP) - Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though...