Saturday, January 28, 2023

Business

US Consumer Prices Drop 0.4% With Core Down Record Amount

WASHINGTON (AP) — U.S. consumer prices fell 0.8% in April, the biggest drop since the 2008 financial crisis, with decreases led by a huge drop in gasoline prices and from businesse...

Intel Mulls New Chip Plant in U.S. Amid Concern Over Asian Supplies

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NEW YORK (AP) — Intel is talking to the Trump administration about building a new semiconductor plant in the United States amid concern about relying on suppliers in Asia for chips...

Latin America’s Second-biggest Airline, Avianca, Driven To Bankruptcy By Coronavirus

BOGOTA, Colombia (AP) — One of Latin America's largest airlines filed for Chapter 11 bankruptcy protection Sunday in New York, saying the COVID-19 pandemic has devastated its busin...

Mnuchin: Jobless Numbers Going To Likely Worsen

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WASHINGTON — Treasure Secretary Steven Mnuchin says the jobless numbers in the United States “are probably going to get worse before they get better,” but the bigger risk to the co...

What Is A Good Reason For A Personal Loan?

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NEW YORK (AP) - Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen is...

UBER Loses $2.9 Billion, Offloads Bike And Scooter Business

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NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food de...

New Yorkers Can’t Be Evicted For Not Paying Rent Through August, Andrew Cuomo Says

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NEW YORK (AP) - New York’s moratorium on outbreak-related housing evictions was extended Thursday by Cuomo for two more months. The governor in March had issued a moratorium tha...

Neiman Marcus Files For Chapter 11 Bankruptcy Protection, Sounding Ominous Note For Department Stores During Pandemic

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NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. ...

33 Million Have Sought Us Unemployment Aid Since Virus Hit

WASHINGTON (AP) — Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. eco...

Frontier Criticized For Fee To Ensure More Space On Planes

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NEW YORK (AP) - Lawmakers on Capitol Hill lashed out Wednesday against Frontier Airlines over the budget carrier's move to charge passengers extra to guarantee they will sit next t...

Edmunds: How To Manage Your Lease During The Pandemic

NEW YORK (AP) - The coronavirus pandemic has significantly changed the way we live and conduct business in this country. Take, for instance, the act of terminating a vehicle lease....

EU Forecasts ‘Recession Of Historic Proportions’ This Year

BRUSSELS (AP) — The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus as it released its first official estima...

ADP: More Than 20 Million Jobs Vanished In April

BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction s...

With Factories Dark, GM Profit Slumps 88%; 2Q Likely Worse

DETROIT (AP) — General Motors' first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the coronavirus pandemic. U.S. automakers susp...

Where’s My Check? Answers To Common Relief Payment Questions

WASHINGTON (A) - The US government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million p...

Millennial Money: Still Employed? Focus On Savings And Debt

NEW YORK (AP) - The coronavirus pandemic has thrown tens of millions of people into financial turmoil. But not everyone is feeling the pinch. Not yet, at least. Roughly a quarte...

Air Canada CEO Sees ‘Darkest Period’ In Aviation History

MONTREAL (AP) — Canada’s largest airline on Monday announced a billion-dollar loss and announced mandatory temperature checks for customers amid the coronavirus pandemic. “We’re...

Intel Buys Israeli Urban Mobility Startup Moovit For $900m

JERUSALEM (AP) — Intel said Monday that it has purchased Israeli urban mobility startup Moovit for $900 million. The California-based chipmaker said the purchase buttresses its ...

J.Crew Files For Chap. 11 As Pandemic Smothers Retail

NEW YORK (AP) — The owner of J.Crew is filing for Chapter 11 bankruptcy just over three months after the first person in the U.S. tested positive for COVID-19. More bankruptcies...

In Televised Town Hall, Trump Pushes For Economic Reopening

WASHINGTON (AP) — Anxious to spur an economic recovery without risking lives, President Donald Trump on Sunday insisted that “you can satisfy both" — see some states gradually lift...