Business News

Latest Business Video

Latest Business Headlines

31 minutes ago

Asian stocks follow Wall Street higher on vaccine hopes

Asian stocks have followed Wall Street higher as hopes for development of a coronavirus vaccine compete with concern about rising U.S. infections
31 minutes ago
2 hours ago

Black businesses see increased sales amid racial reckoning

Black-owned businesses are enjoying a surge in support amid the national reckoning on racism sparked by George Floyd’s killing in Minneapolis
2 hours ago
In this Wednesday, June 24, 2020, photograph, Mahdi Hashemian, of Cambridge, Mass., left, watches as his daughter Zeynab climbs onto her first bicycle as technician Dell Wilkerson Jr. looks on at Spokehouse Bikes in the Upham's Corner neighborhood of Boston. Hashemian decided to buy his daughter's bike at the store to support the Black-owned business, which was robbed and vandalized earlier in the month. (AP Photo/Charles Krupa)
3 hours ago

Closing bars to stop coronavirus spread is backed by science

Authorities are closing honky tonks, bars and other drinking establishments in some parts of the U.S. to stem the surge of COVID-19 infections
3 hours ago
FILE - In this Sunday, June 28, 2020 file photo, people gather at a bar in Pittsburgh. In July 2020, authorities are closing drinking establishments in some parts of the U.S. to stem the surge of COVID-19 infections — a move backed by sound science about risk factors that go beyond wearing or not wearing masks. In the words of one study, it comes down to the danger of “heavy breathing in close proximity." (AP Photo/Gene J. Puskar)
4 hours ago

Asian stocks follow Wall Street higher on vaccine hopes

Asian stocks have followed Wall Street higher as hopes for development of a coronavirus vaccine compete with concern about rising U.S. infections
4 hours ago
A woman wearing a mask passes the New York Stock Exchange, Tuesday, June 30, 2020, during the coronavirus pandemic. (AP Photo/Mark Lennihan)
July 02

AP Exclusive: Hair weaves from Chinese prison camps seized

U.S. Customs and Border Protection says officers have detained a shipment of beauty supplies including weaves suspected to be made with human hair that originated in China
July 02
FILE - In this Dec. 3, 2018, file photo, people walk by a police station by the front gate of the Artux City Vocational Skills Education Training Service Center in Artux in western China's Xinjiang region. U.S. Customs and Border Protection say officers have detained a shipment of beauty supplies including weaves suspected to be made with human hair that originated in Xinjiang, China. Border Protection tells The Associated Press it seized the shipment Wednesday in New York because the weaves appear to be a product of forced child labor and imprisonment. Twice this year U.S. Customs has banned imports of hair weaves believed to be made by people locked inside Chinese detention camps. (AP Photo/Ng Han Guan, File)
July 02

Bars, restaurants pay price for California virus surge

California Gov. Gavin Newsom has ordered bars and indoor operations of restaurants to close for the next three weeks in most parts of the state
July 02
A waiter takes an order at Slater's 50/50 Wednesday, July 1, 2020, in Santa Clarita, Calif. California Gov. Gavin Newsom has ordered a three-week closure of bars, indoor dining and indoor operations of several other types of businesses in various counties, including Los Angeles, as the state deals with increasing coronavirus cases and hospitalizations. (AP Photo/Marcio Jose Sanchez)
July 02

Restaurant owners respond to indoor dining delays

Restaurants in New York City will not be open for indoor dining next week.
July 02
Diners eat al fresco due to COVID-19 concerns in the West Village, June 26, 2020, in New York. New York City Mayor Bill de Blasio says he's delaying the planned resumption of indoor dining at restaurants in the city out of fear it would ignite a spike in coronavirus infections.
July 02

A pinch where it hurts: Can Facebook weather the ad boycott?

On Wednesday, more than 500 companies kicked off an advertising boycott intended to pressure Facebook into taking a stronger stand against hate speech
July 02
FILE - In this March 25, 2015 file photo CEO Mark Zuckerberg gives the keynote address during the Facebook F8 Developer Conference in San Francisco. Britain's competition watchdog The Competition and Markets Authority took aim at the U.S. tech giants in a report Wednesday July 1, 2020, wanting new rules to foster competition in digital advertising markets and rein in the industry's dominant players, Google and Facebook. (AP Photo/Eric Risberg, FILE)
July 01

Workers: Tesla threatens firing if they don't return to jobs

Some Tesla workers and labor activists say the company is threatening to fire employees who haven’t returned to the company’s California factory since it reopened because they're afraid of catching the coronavirus
July 01
FILE - This Tuesday, May 12, 2020, file photo shows the Tesla plant, in Fremont, Calif. Some Tesla workers and labor activists say the company is threatening to fire employees who haven’t returned to the company’s California factory since it reopened because they're afraid of catching the coronavirus. (AP Photo/Ben Margot, File)
July 01

California sues Cisco for bias based on Indian caste system

California regulators have sued Cisco Systems for discriminating against an engineer at the company's headquarters because he is a Dalit Indian
July 01
FILE - In this Oct. 3, 2018, file photo, the Cisco logo appears on a screen at the Nasdaq MarketSite in New York's Times Square. California regulators have sued Cisco Systems for discriminating against an engineer at the company's headquarters because he is a Dalit Indian. India’s caste system has long placed Dalits at the bottom of a social hierarchy. California's lawsuit says Cisco broke the Civil Rights Act of 1964 and California’s Fair Employment and Housing Act. (AP Photo/Richard Drew, File)
July 01

How major US stock indexes fared Wednesday

Major U.S. stock indexes ended mostly higher Wednesday, extending the S&P 500's winning streak to a third day and pushing the Nasdaq to another record close
July 01
July 01

Michigan governor closes indoor bars, allows to-go cocktails

Michigan Gov. Gretchen Whitmer is closing indoor seating in bars in parts of the state, including a city with a bar that has been linked to a rising number of infections
July 01
In this May 19, 2020, photo, Kyle Froelich, right, hands a customer a carryout six-pack of beer at Good Time Charley's in Ann Arbor, Mich. Michigan restaurants and bars could sell cocktails and liquor for pickup or delivery and would see a temporary cut in state liquor prices under fast-tracked legislation that supporters hope will help the industry survive the coronavirus pandemic. The state already lets bars and restaurants sell unopened beer and wine to go. (AP Photo/Paul Sancya)
July 01

Pfizer, FedEx rise; United Airlines, General Mills fall

Stocks that moved heavily or traded substantially on Wednesday: Pfizer, FedEx rise; United Airlines, General Mills fall
July 01
July 01

Background checks, a metric for gun sales, hit all-time high

Historic numbers of background checks to purchase or possess a firearm have been conducted in June
July 01
In this Thursday, June. 18, 2020, photo, West Quincy Pawn Shop owner Lionel Hammond poses for a photo in the gun section of the store which Hammond pointed out has a noticeably low stock in West Quincy, Mo. At West Quincy Pawn Shop, Hammond said sales have been off the charts and that he can't keep merchandise on the shelves as buyers are using their governmental stimulus money to buy firearms, jewelry, televisions and other electronics. (Jake Shane/Quincy Herald-Whig via AP)
July 01

Geechie Boy Mill to change name amid backlash from shoppers

Geechie Boy Mill, a family-owned operation in South Carolina that makes locally-grown and milled grits, says it will change its name amid backlash from shoppers
July 01
July 01

Fed minutes show concerns about severity of downturn

Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic
July 01
FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic. The minutes of the June 9-10 discussions that were made public Wednesday, July 1, 2020, show officials grappling with economic disruptions that had already occurred. (AP Photo/Patrick Semansky, File)
July 01

Hot news cycle leads CNN to best ratings in 40 years

A busy stretch of news with the coronavirus pandemic and racial demonstrations in the United States has led CNN to its best ratings in the network's 40-year history
July 01
FILE - In this Dec. 8, 2019 file photo, CNN chief executive Jeff Zucker attends the 13th annual CNN Heroes: An All-Star Tribute in New York. A busy stretch of news with the coronavirus pandemic and racial demonstrations in the United States has led CNN to its best ratings in the network's 40-year history. Zucker says viewers have come to CNN for the news coverage, while the network's rivals are more about 'political talk.' (Photo by Jason Mendez/Invision/AP, File)
July 01

Salon owner pivots to make soap to keep business alive

Lisa Logan, owner of The Nail Suite, discusses how she pivoted her small business during the pandemic.
July 01
VIDEO: Salon owner pivots to make soap to keep business alive
July 01

Health experts slam US deal for large supply of virus drug

Some public health experts are criticizing the U.S. for securing a large supply of the only drug licensed so far to treat COVID-19
July 01
FILE - This is an April 30, 2020, file photo showing Gilead Sciences headquarters in Foster City, Calif. The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. Gilead Sciences announced the price Monday, June 29 for remdesivir, and said the price would be $3,120 for patients with private insurance. It will sell for far less in poorer countries where generic drugmakers are being allowed to make it. (AP Photo/Ben Margot, File)
July 01

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
July 01
July 01

US manufacturing bounces back in June on reopenings

U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic
July 01
FILE - In this Wednesday, May 13, 2020 file photo, Ford Motor Co. employees work a ventilator at the Rawsonville plant in Ypsilanti Township, Mich. The plant was converted into a ventilator factory, as hospitals battling the coronavirus report shortages of the life-saving devices. According to the Institute for Supply Management, U.S. manufacturing rebounded in June 2020 as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic. (AP Photo/Carlos Osorio)
July 01

Insurer Centene plans 3,200 jobs at new N.C. regional hub

Government health insurance provider Centene Corp. says it will build an East Coast campus in Charlotte, North Carolina that will generate more than 3,200 jobs by 2032
July 01
July 01

Minutes for Fed's June meeting show officials concerned about severity of economic damage from virus-induced downturn

Minutes for Fed's June meeting show officials concerned about severity of economic damage from virus-induced downturn
July 01
July 01

Countries eager for tourists, Tokyo Disneyland reopens

Egypt on Wednesday reopened its airports, the Egyptian museum and the famed Giza Pyramids in Cairo for the first time in more than three months
July 01
Travelers push their luggage at the departure terminal of the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 1, 2020. Beirut's airport is partially reopening after a three-month shutdown and Lebanon's cash-strapped government is hoping that Thousands of Lebanese expatriates will return for the summer, injecting dollars into the country's sinking economy. (AP Photo/Bilal Hussein)
July 01

Puerto Rico board approves $10B budget as resignations loom

A federal control board that oversees Puerto Rico’s finances has approved a new budget that largely suspends austerity measures and government cuts for one year as the U.S. territory struggles to recover from hurricanes, earthquakes and the pandemic
July 01
July 01

UK govt accused of data bungles as towns fear more lockdowns

Opponents accused the British government on Wednesday of putting lives at risk by failing to share information about local coronavirus outbreaks with affected areas
July 01
People walk past closed shops in Leicester, England, Tuesday June 30, 2020. The British government has reimposed lockdown restrictions in the English city of Leicester after a spike in coronavirus infections, including the closure of shops that don't sell essential goods and schools. (AP Photo/Rui Vieira)
July 01

Elon Musk poses a 'serious risk of reputational harm' to Tesla, firm warns

Shareholders are being advised to remove Musk from the board.
July 01
Elon Musk attends SpaceX launch at the Kennedy Space Center in Florida, May 27, 2020.
July 01

Watching Sun Belt spikes, other states back off on reopening

With coronavirus infections surging across the Sun Belt and in other parts of the U.S., states in the midst of reopening are hitting pause on some plans to lift restrictions
July 01
July 01

Report: Tourism to Latin America hammered by COVID

Countries south of the U.S. border are bracing for unprecedented declines in tourism as the coronavirus keeps Americans at home this summer
July 01
July 01

Macy's rethinks Black Friday bonanza in era of pandemic

Macy’s is refashioning what the Black Friday sales bonanza will look like in a pandemic
July 01
FILE - In this Nov. 29, 2019, file photo a shopper leaves Macy's department store with bags in both hands during Black Friday shopping in New York. Macy’s is refashioning what the Black Friday sales bonanza will look like in a pandemic. The company's CEO Jeff Gennette told analysts Wednesday, July 1, 2020, said that the department store chain will be pivoting its Black Friday business more toward online and will likely be going “full force” with marketing right after Halloween. (AP Photo/Bebeto Matthews, File)
July 01

Russia nears end of vote on extending Putin's rule to 2036

A vote on amendments to Russia's constitution that could allow President Vladimir Putin to hold power until 2036 is taking place amid widespread reports of pressure on voters and other irregularities
July 01
Russian President Vladimir Putin shows his passport to a member of an election commission as he arrives to take part in voting at a polling station in Moscow, Russia, Wednesday, July 1, 2020. The vote on the constitutional amendments that would reset the clock on Russian President Vladimir Putin's tenure and enable him to serve two more six-year terms is set to wrap up Wednesday. (Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP)
July 01

Pfizer reports encouraging, very early vaccine test results

Pfizer and its German partner BioNTech are reporting encouraging signs from its very early testing of a possible COVID-19 vaccine
July 01
FILE - In this May 4, 2020 photo provided by the University of Maryland School of Medicine, the first patient enrolled in Pfizer's COVID-19 coronavirus vaccine clinical trial at the University of Maryland School of Medicine in Baltimore, receives an injection. The first of four experimental COVID-19 vaccines being tested by Pfizer and its German partner BioNTech showed encouraging results in very early testing of 45 people, the companies said Wednesday, July 1, 2020. (University of Maryland School of Medicine via AP)
July 01

UK firms slash jobs to cope with outbreak's long term impact

Companies linked to hospitality and travel in Britain are shedding thousands of jobs as the longer term consequences of the COVID-19 pandemic take hold, choosing to slim down for survival rather than await potential government handouts
July 01
FILE - In this file photo dated Tuesday, June 2, 2020, a few people relax in the sun backdropped by Tower Bridge spanning the River Thames in London. Some companies linked to hospitality and travel in Britain Wednesday July 1, 2020, have announced thousands of more job cuts as the longer term consequences of the COVID-19 pandemic take hold, choosing to slim down now for survival rather than await future potential government handouts.(AP Photo/Matt Dunham, FILE)
July 01

US construction spending fell 2.1% in May

U.S. construction spending fell 2.1% in May with both home building and nonresidential activity declining
July 01
FILE - In this Wednesday, May 20, 2020 file photo, a construction worker stands on stilts while working at a residential building construction site at the Harbor Point redevelopment site on the Stamford, Conn., waterfront. According to the Commerce Department, U.S. construction spending fell for a second month in May 2020 with both home building and nonresidential activity declining. (AP Photo/Mary Altaffer)
July 01

Survey: Companies added 2.4 million jobs in June

U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves the job market far below its pre-pandemic levels
July 01
FILE - In this June 4, 2020 file photo, a pedestrian wearing a mask walks past a reader board advertising a job opening for a remodeling company, in Seattle. U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves the job market far below its pre-pandemic levels. The payroll company ADP said that small businesses reported the largest gain, adding 937,000 jobs. Construction firms and restaurants and hotels also posted big increases in hiring. (AP Photo/Elaine Thompson, File)
July 01

UNESCO says logo being used illegally for arts trafficking

The United Nations' cultural agency UNESCO has warned that its name and logo are being illegally emblazoned on false documents to facilitate illicit trafficking in African cultural property
July 01
FILE - In this Oct.31 2017 file photo, the logo of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) is seen during the 39th session of the General Conference at the UNESCO headquarters in Paris. The U.N.'s cultural agency UNESCO has warned that its name and logo are being illegally emblazoned on false documents to facilitate illicit trafficking in African cultural property. (AP Photo/Francois Mori, File)
July 01

Italy seizes 14 tons of amphetamines, said to be IS-made

Italian police have seized 14 tons of amphetamines, allegedly produced in Syria by Islamic State group
July 01
This image taken from a video shows amphetamines pills that were seized at the Salerno harbor, southern Italy, Wednesday, July 1, 2020.Italian police have seized 14 tons of amphetamines, allegedly produced in Syria by Islamic State group to fund terrorist activities and destined for the European illegal drug market. Customs Police Col. Domenico Napolitano on Wednesday called the discovery of three shipping containers crammed with some 85 million pills, in the southern port of Salerno, the biggest amphetamine seizure ever made worldwide. (Guardia di Finanza via AP)
July 01

Report: Volkswagen drops plans for new plant in Turkey

German automaker Volkswagen is dropping its plans for a new factory in Turkey in response to a drop in demand for new cars during the coronavirus pandemic
July 01
July 01

German jobless rate edges up in June, millions in furlough

Official figures show that Germany’s unemployment rate ticked higher in June
July 01
July 01

Lebanon’s plea to skeptical expats: Come visit, bring cash

Beirut’s airport is partially reopening after a three-month shutdown and Lebanon’s cash-strapped government is hoping that thousands of Lebanese expatriates will return for the summer, injecting dollars into the country's sinking economy
July 01
FILE - In this Jan. 27, 2010 file photo, a Middle East Airlines jet takes off at the Rafik Hariri International Airport in Beirut, Lebanon. On Wednesday, July 1, 2020, Beirut's airport is partially reopening after a three-month shutdown. Lebanon's cash-strapped government hopes thousands of Lebanese expatriates will return for the summer, injecting badly needed dollars into the sinking economy. (AP Photo/Hussein Malla, File)
July 01

Interfaith group: No Buddhist or Hindu statues in nightclubs

A coalition of interfaith religious leaders has launched a campaign to end what it considers the “disrespectful” use of sacred Buddhist and Hindu statues as nightclub decor
July 01
The headquarters of Live Nation is viewed Monday, June 29, 2020, in Beverly Hills, Calif. America's nightclubs are largely closed because of the coronavirus pandemic, but that isn't stopping an interfaith coalition from launching a campaign to stop what organizers call the "disrespectful" use of Buddhist and Hindu statues as upscale decor. Representatives of the Buddhist, Hindu, Jain, Jewish and Christian traditions have formed an improbable alliance to end the practice, starting with upmarket clubs in Boston and other cities that are managed by Live Nation, a Beverly Hills, California-based entertainment conglomerate. (AP Photo/Mark J. Terrill)
July 01

Report: Boeing fell short in disclosing key changes to Max

A government watchdog says Boeing didn't give regulators documents about changes it made in a key system blamed in two crashes of its 737 Max jet
July 01
A Boeing 737 MAX jet heads to a landing at Boeing Field following a test flight Monday, June 29, 2020, in Seattle. The jet took off from Boeing Field earlier in the day, the start of three days of re-certification test flights that mark a step toward returning the aircraft to passenger service. The Federal Aviation Administration test flights over the next three days will evaluate Boeing's proposed changes to the automated flight control system on the MAX, a system that activated erroneously on two flights that crashed, killing 346 people. (AP Photo/Elaine Thompson)
July 01

Fauci, CDC chief raise concerns about full airline flights

Top federal health officials are criticizing American Airlines for planning to fill flights and leave no seats empty during the virus pandemic
July 01
Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci speaks with Dr. Robert Redfield, director of the Centers for Disease Control and Prevention during a Senate Health, Education, Labor and Pensions Committee hearing on Capitol Hill in Washington, Tuesday, June 30, 2020. (Al Drago/Pool via AP)
July 01

Asian shares up after Wall St closes best quarter since 1998

Asian shares are mostly higher after Wall Street closed out its best quarter since 1998
July 01
People wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 30, 2020. Asian shares are rising, cheered by a rally on Wally Street that underlined some optimism about global business performance despite the ongoing coronavirus pandemic. (AP Photo/Vincent Yu)
July 01

Mexico's legacy airline Aeromexico files for bankruptcy

Mexico's oldest legacy airline, Aeromexico, says it has filed for Chapter 11 restructuring, a form of bankruptcy in which the carrier can keep operating while its debts and obligations are sorted out
July 01
July 01

Japanese manufacturers' sentiments at low unseen since 2009

A quarterly Bank of Japan survey is showing manufacturers’ sentiments plunging to the lowest level in more than a decade
July 01
FILE - In this June 24, 2020, photo, a street is crowded by shoppers in Tokyo. A quarterly Bank of Japan survey showed Wednesday, July 1, 2020, manufacturers' sentiments plunging to a low not seen in more than a decade, as the coronavirus pandemic crushes exports and tourism, the mainstay of this nation's economy. (AP Photo/Eugene Hoshiko, File)
July 01

Adidas HR head resigns as company addresses diversity issues

The head of global human resources at sports apparel and shoe company Adidas has resigned following criticism from employees of what they see as the company’s failure to diversify its workforce
July 01
This May 6, 2019 photo shows the logo of the sports goods manufacturer Adidas in Berlin, Germany. The head of global human resources at sports apparel and shoe company Adidas resigned Tuesday, June 30, 2020 following criticism from employees of what they see as the company's failure to diversify its workforce. (AP Photo/Michael Sohn)
July 01

FedEx reports a loss, but revenue tops Street expectations

FedEx has reported a $334 million loss in its fiscal fourth quarter caused partly by writing down the value of its FedEx Office locations because of the COVID-19 pandemic
July 01
FILE - This April 1, 2020 file photo shows a FedEx logo at a facility in Romulus, Mich. FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. (AP Photo/Paul Sancya)
June 30

UAW, prosecutor consider a monitor for avoiding corruption

A federal prosecutor and the United Auto Workers president are looking at using an independent monitor to avoid a repeat of a recent corruption scandal
June 30
FILE - In this Nov. 6, 2019, file photo, Rory Gamble, acting head of the United Auto Workers union, answers questions in Southfield, Mich. A federal prosecutor and the United Auto Workers president are looking at using an independent monitor to make sure that a wide-ranging union corruption scandal never happens again. The monitor was one option discussed during a two-hour meeting Tuesday between UAW President Gamble and Matthew Schneider, the U.S. Attorney in Detroit, according to a joint statement. The meeting was held as the union tries to reform itself and hold off a possible federal takeover. (AP Photo/Paul Sancya, File)
June 30

US designates Chinese firms Huawei and ZTE as national security threats

This bars an $8.3 billion fund from being used to purchase their equipment.
June 30
In this May 3, 2019, file photo, a sign is shown at the entrance to the offices of Chinese networking equipment company Huawei in Mountain View, Calif.