Business News

Latest Business Video

Latest Business Headlines

5 minutes ago

China's economy grows 3.2% as virus lockdowns lifted

China’s economy has rebounded from a painful contraction to grow by 3.2% in the latest quarter compared to a year ago
5 minutes ago
FILE - In this April 13, 2020, file photo, a worker assembles gearboxes at the Kofon factory in Huanggang in central China's Hubei province. China’s economy rebounded from a painful contraction to grow by 3.2% over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened. (AP Photo/Ng Han Guan, File)
3 hours ago

Walmart latest retailer to require customers to wear masks

Walmart will require customers to wear face coverings at all of its namesake and Sam’s Club stores, making it the largest retailer to introduce such a policy that has otherwise proven difficult to enforce without state and federal requirements
3 hours ago
FILE - In this March 31, 2020 file photo, a woman pulls groceries from a cart to her vehicle outside of a Walmart store in Pearl, Miss. Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores. The company said the policy will go into effect on Monday, July 20, 2020 to allow time to inform stores and customers. (AP Photo/Julio Cortez, File)
3 hours ago

Congress eyes new virus aid as school, health crisis deepens

Senate Republicans are poised to roll out their $1 trillion counteroffer to House Democrats' $3 trillion COVID-19 aid package
3 hours ago
House Speaker Nancy Pelosi of Calif., pauses during a news conference on Capitol Hill in Washington, Wednesday, July 15, 2020, to mark two months since House passage of "The Heroes Act" or the Health and Economic Recovery Omnibus Emergency Solutions Act. (AP Photo/Andrew Harnik)
3 hours ago

Biden, Gates, other Twitter accounts hacked in Bitcoin scam

Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday in an apparent Bitcoin scam
3 hours ago
FILE - This April 3, 2013, file photo shows bitcoin tokens in Sandy, Utah. Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday, July 15, 2020, in an apparent Bitcoin scam. (AP Photo/Rick Bowmer, File)
4 hours ago

Arizona ban on evictions set to end as heat, infections soar

Housing advocacy groups have joined lawmakers in lobbying Arizona's governor to extend his coronavirus-related moratorium on evictions
4 hours ago
A rental sign is posted in front of an apartment complex Tuesday, July 14, 2020, in Phoenix. Housing advocacy groups have joined lawmakers lobbying Arizona Gov. Doug Ducey to extend his coronavirus-era moratorium on evictions when it expires, when the 120-day order ending July 22 was supposed to ensure people would not lose their homes if they fell ill to COVID-19 or lost jobs in the pandemic's economic fallout. (AP Photo/Ross D. Franklin)
July 15

American Airlines warns 25,000 workers they could lose jobs

American Airlines is telling 25,000 workers that they could lose their jobs in October because of the sharp drop in air travel during the virus pandemic
July 15
FILE - In this March 25, 2020, file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. American Airlines is telling 25,000 workers that they could lose their jobs in October because of the sharp drop in air travel during the virus pandemic. The airline said Wednesday, July 15, it was starting new offers of buyouts and partially paid leave, which it hopes will reduce the number of furloughs. (AP Photo/Matt York, File)
July 15

New Jersey regulators take up Eldorado plan to buy Caesars

New Jersey gambling regulators are considering Nevada-based Eldorado Resorts Inc.’s plan to buy Caesars Entertainment Corp. in a sweeping $17.3 billion deal affecting four of nine casino properties in Atlantic City
July 15
FILE - In this June 24, 2019, file photo, the Eldorado Resort Casino stands in Reno, Nev. New Jersey gambling regulators began Wednesday, July 15, 2020, to consider Nevada-based Eldorado Resorts Inc.'s plan to buy Caesars Entertainment Corp. in a sweeping $17.3 billion deal affecting four of nine casino properties in Atlantic City. (Colton Lochhead/Las Vegas Review-Journal via AP, File)
July 15

Trump reins in major environmental law to speed big projects

President Donald Trump is rolling back an influential environmental law from the Nixon era that he says delays infrastructure projects
July 15
Rep. Doug Collins, R-Ga., in red face mask, talks with President Donald as he arrives at Hartsfield-Jackson International Airport, Wednesday, July 15, 2020, in Atlanta. Sen. Kelly Loeffler, R-Ga., listens second from right. (AP Photo/Evan Vucci)
July 15

OPEC and allies to ease cuts, allow more oil production

Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to reopen
July 15
FILE - In this Thursday, Dec. 5, 2019, file photo, the advertising label of the Organization of the Petroleum Exporting Countries, OPEC, shines at their headquarters in Vienna, Austria. Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to re-open. But they also cautioned that they could revisit the decision in an emergency meeting if there are serious lockdowns that further reduce demand for oil. (AP Photo/Ronald Zak, File)
July 15

Fed survey says economy has picked up but outlook cloudy

The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty
July 15
FILE - In this June 10, 2020 file photo, a woman walks past a store with sale signs displayed at Great Lakes Mall, in Mentor, Ohio. The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty. The Fed reported Wednesday, July 15 that its latest survey of economic conditions around the country found improvements in consumer spending and other areas but said the gains were from very low levels seen when widespread lockdowns push the country into a deep recession. (AP Photo/Tony Dejak, File)
July 15

JC Penney cuts 1,000 jobs as it closes stores

JC Penney is cutting about 1,000 jobs
July 15
FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File)
July 15

Google to invest $4.5 billion in India's Jio digital company

Google says it plans to invest $4.5 billion in India’s Jio Platforms Ltd, taking a 7.7% stake in the digital services company owned by India’s most highly-valued company Reliance Industries
July 15
July 15

Stocks rise on vaccine hopes; S&P 500 back within 5% of high

Markets worldwide rallied on rising hopes for a COVID-19 vaccine Wednesday, and the S&P 500 climbed back to where it was a few days after it set its record early this year
July 15
A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 15, 2020. Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired. (AP Photo/Eugene Hoshiko)
July 15

Chaotic protests prompt soul-searching in Portland, Oregon

Nightly protests in Portland, Oregon, that have devolved into violent clashes with police have prompted soul-searching
July 15
FILE - In this July 8, 2020, file photo, a worker washes graffiti off the sidewalk in front of the Mark O. Hatfield Federal Courthouse in downtown Portland, Ore., as two agents with the U.S. Marshals Service emerge from the boarded-up main entrance to examine the damage. Oregon's largest city is in crisis as violent protests have wracked downtown for weeks. The mayor can't bring the council along on cracking down because of very liberal council members and no matter what he does, the city gets sued anyway. (AP Photo/Gillian Flaccus, File)
July 15

How major US stock indexes fared Wednesday

Stocks closed broadly higher on Wall Street Wednesday amid fresh hopes for a COVID-19 vaccine
July 15
July 15

Moderna, Waters rise; ASML Holding falls

Stocks that moved heavily or traded substantially on Wednesday: Moderna, Waters rise; ASML Holding falls
July 15
July 15

Without waiter jobs, what happens to creative New York?

It’s been the story for many a starry-eyed creative type looking for a big break — wait tables to pay the bills, while auditioning, performing, writing, whatever it takes
July 15
Rachel Berry, in New York City since 2004, from Laurel, Maryland, sits in her living room decorated with her art, Monday, July 6, 2020, in New York. Before the coronavirus pandemic, Berry worked as a bartender and waited tables, jobs that gave her enough time to work on her creative pursuits. But as New York City tries to reopen, there's concern that jobs for the city's creative class are no longer readily available. (AP Photo/Bebeto Matthews)
July 15

Answering homeowners' questions

Ryan Dezember, author of “Underwater: How Our American Dream of Homeownership Became a Nightmare,” discussed the evolving housing market.
July 15
VIDEO:  Answering homeowners' questions
July 15

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
July 15
July 15

Merged Fiat Chrysler-PSA company to be called Stellantis

When Italian-American automaker Fiat Chrysler merges with France’s PSA Groupe early next year, the new company will be called Stellantis
July 15
FILE - In this May 27, 2019, file photo, the Fiat Chrysler Automobiles world headquarters is shown in Auburn Hills, Mich. When Italian-American automaker Fiat Chrysler merges with France’s PSA Groupe early next year, the new company will be called Stellantis. The companies said in a statement Wednesday, July 15, 2020, that the name will be used for the parent corporation, but consumer brands such as Jeep, Ram and Peugeot will not be changed. (AP Photo/Paul Sancya, File)
July 15

US to hit Huawei employees with visa bans for rights abuses

Secretary of State Mike Pompeo says the U.S. is imposing travel bans on employees of the Chinese technology giant Huawei and other companies the U.S. determines are assisting authoritarian governments in cracking down on human rights
July 15
Secretary of State Mike Pompeo speaks during a news conference at the State Department in Washington, Wednesday, July 8, 2020. (Tom Brenner/Pool via AP)
July 15

Microsoft cuts MSN news staffers in move toward AI editors

Microsoft cut dozens of full-time staffers from its MSN news service, continuing an initiative to move away from human editors in favor of artificial intelligence
July 15
July 15

Goldman 2Q profit tops forecast on strong trading revenue

Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped by a blowout performance by the bank’s trading desks
July 15
July 15

US warns firms about sanctions for work on Russian pipelines

The Trump administration is hardening its efforts to prevent the completion of new German-Russian and Turkish-Russian natural gas pipelines by warning companies involved in the projects they'll be subject to U.S. sanctions
July 15
FILE - In this April 9, 2010 file photo, a Russian construction worker speaks on a mobile phone in Portovaya Bay some 170 kms (106 miles) north-west from St. Petersburg, Russia, during a ceremony marking the start of Nord Stream pipeline construction. The Trump administration is hardening its efforts to prevent the completion of a new German-Russian natural-gas pipeline by warning all companies involved in the project they'll be subject to U.S. sanctions. Secretary of State Mike Pompeo announced Wednesday the administration is ending grandfather clauses that had exempted firms previously involved in the pipeline's construction from sanctions. The move opens the door for U.S. economic and financial penalties to be imposed on any European and other foreign company for work on Nord Stream 2. (AP Photo/Dmitry Lovetsky, file)
July 15

Jobs, ecology key to France's $110 billion virus rescue plan

France’s new prime minister on Wednesday laid out 100 billion euros in new spending to rescue the virus-battered economy from its worst crisis since World War II
July 15
France's Prime Minister Jean Castex leaves after the weekly cabinet meeting at the Elysee Palace in Paris, Wednesday, July 15, 2020. (AP Photo/Christophe Ena)
July 15

With elective procedures delayed, UnitedHealth profit spikes

The nation’s largest health insurer more than doubled its profit in the second quarter, as COVID-19 shutdowns kept patients out of doctor’s offices and off operating tables
July 15
FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
July 15

Europe's shift to electric cars picks up despite recession

Europe's car market is going electric
July 15
FILE- In this Tuesday, Feb. 25, 2020 file photo, robots work on an electric car ID.3 body at the assembly line during a press tour at the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)
July 15

US industrial production surges 5.4% in June

Production at America″s factories, utilities and mines surged last month, but remained well below pre-pandemic levels
July 15
FILE - In this May 13, 2020, file photo, Ford Motor Co., line workers put together ventilators that the automaker is assembling at the Ford Rawsonville plant in Ypsilanti Township, Mich. American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll. The Federal Reserve said Tuesday, June 16, 2020, that industrial production — including output at factories, mines and utilities — rose 1.4% in May after plummeting a record 12.4% in April and 4.6% in March. (AP Photo/Carlos Osorio, File)
July 15

Apple wins EU court case over $15 billion in claimed taxes

A European Union high court has ruled that technology giant Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland, as the EU’s executive commission wants
July 15
FILE - In this Tuesday, June 16, 2020 file photo, the sun is reflected on Apple's Fifth Avenue store in New York. A European Union high court on Wednesday, July 15, 2020 ruled in favor of technology giant Apple and Ireland in its dispute with the EU over 13 billion euros, 15 billion US dollars in back taxes. (AP Photo/Mark Lennihan, File)
July 15

France tourism: Disneyland, Eiffel Tower top floor reopen

The French tourist industry received a further boost Wednesday with the partial reopening of Disneyland Paris and the opening up of the top floor of the Eiffel Tower
July 15
FILE - In this June 8, 2018 file photo, a person dressed as Mickey Mouse poses in front of the castle of Sleeping Beauty at Disneyland Paris, in Chessy, France, east of Paris. The French tourist industry received a further boost Wednesday, July 15, 2020 with the partial reopening of Disneyland Paris and the opening up of the top floor of the Eiffel Tower. Disneyland Paris, Europe’s most frequented theme park resort, is partially re-opening to the public, four months after it closed as a result of the coronavirus pandemic. (AP Photo/Francois Mori, File)
July 15

China accuses Britain of helping Washington hurt Huawei

China has accused Britain of colluding with Washington to hurt Huawei after the tech giant was blocked from working on a next-generation mobile phone network
July 15
A man wearing a mask to curb the spread of the coronavirus walks past a soon to open Huawei store in Beijing on Wednesday, July 15, 2020. China's government accused Britain on Wednesday of colluding with Washington to hurt Chinese companies after tech giant Huawei was blocked from working on a next-generation mobile phone network. (AP Photo/Ng Han Guan)
July 15

Chinese UK ambassador says Huawei decision 'unfair'

China’s ambassador to the UK has questioned whether Britain can offer a fair business environment following its decision to ban Huawei from taking part in the country’s high-speed wireless network
July 15
A Huawei sign is displayed on their premises in Reading, England, Tuesday, July 14, 2020. Britain's government on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a limited role in the U.K.'s new high-speed mobile phone network in a decision with broad implications for relations between London and Beijing. (AP Photo/Matt Dunham)
July 15

Asian markets mostly higher on hopes for coronavirus vaccine

Asian shares are mostly higher as investors pin hopes on news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired
July 15
A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, July 14, 2020. Asian shares fell Tuesday as skepticism set in about the recent upbeat mood on global markets, as newly confirmed coronavirus cases rose in the U.S., Brazil and parts of Japan. (AP Photo/Kin Cheung)
July 15

First COVID-19 vaccine tested in US poised for final testing

Early-stage testing showed the first COVID-19 vaccine tested in the U.S. revved up people’s immune systems the way scientists had hoped
July 15
July 15

Foie gras back on the menu in California after court ruling

Foie gras is back on the menu in California after a judge ruled the rich dish can’t be prevented from being brought in from out of state
July 15
FILE - In this Friday, May 11, 2012, file photo, Foie Gras is torched and made into a Brulee at the Sent Sovi restaurant in Saratoga, Calif. Foie gras is back on the menu in California after a judge ruled the rich dish can't be prevented from being brought in from out of state. California's ban on the delicacy, the fattened liver of a duck or goose, was challenged by out-of-state producers. An appeals court upheld the ban, but on Tuesday, July 14, 2020, a judge ruled for the plaintiffs, including farmers in Canada and New York. (AP Photo/Marcio Jose Sanchez, File)
July 14

McConnell: GOP virus aid for schools, others out next week

Senate Majority Leader Mitch McConnell says he’ll begin to roll out details of the new COVID-19 relief package to senators next week
July 14
July 14

Best Buy to require customers to wear masks amid virus spike

Best Buy will start to require customers to wear face coverings in stores nationwide, even in states or localities that don’t require them to do so
July 14
FILE - A Best Buy employee delivers an item to a waiting client in Omaha, Neb., Wednesday, April 15, 2020. Best Buy, the nation's largest consumer electronics chain, will require customers to wear face coverings at all of its stores nationwide, even in states or localities that don't require them to do so. The company said Tuesday, July 14, 2020 it will provide a face covering if a customer doesn’t have one, and small children and those unable to wear one for health reasons may enter without one. (AP Photo/Nati Harnik)
July 14

Regulators say railroad talks can be included in lawsuits

Federal regulators say the nation’s four largest railroads shouldn’t be able to exclude all the details of their conversations from a lawsuit challenging the way they set rates in the past
July 14
FILE - In this Friday, Dec. 20, 2019, file photo, shipping containers are offloaded at a BNSF Railway intermodal facility as the sun sets in Edgerton, Kan. Federal regulators say the nation’s four largest railroads, Union Pacific, BNSF, CSX and Norfolk Southern, shouldn’t be able to exclude all the details of their conversations from a lawsuit challenging the way they set rates in the past. (AP Photo/Charlie Riedel, File)
July 14

Biden's $2 trillion climate plan aims to reframe debate

Joe Biden has released a $2 trillion plan aimed at combating climate change and spurring economic growth in part by overhauling America’s energy industry
July 14
Democratic presidential candidate former Vice President Joe Biden speaks at McGregor Industries in Dunmore, Pa., Thursday, July 9, 2020. (AP Photo/Matt Slocum)
July 14

White House-backed campaign pushes alternate career paths

Presidential adviser Ivanka Trump has unveiled a White House-backed national ad campaign highlighting alternative ways to start a career
July 14
FILE - In this June 26, 2020, file photo, Ivanka Trump, right, applauds as President Donald Trump holds an executive order that he signed during a meeting with the American Workforce Policy Advisory Board, in the East Room of the White House in Washington. A new White House-backed ad campaign aims to encourage people who are unemployed or unhappy in their jobs or careers to “find something new.” (AP Photo/Evan Vucci, File)
July 14

NBC's video service Peacock stresses 'free,' looks to 2021

Peacock, one of the last big new streaming services to launch in the U.S., was supposed to get a big boost from carrying the Olympics
July 14
FILE - In this Jan. 16, 2020 file photo, the logo for NBCUniversal's upcoming streaming service, Peacock, is displayed on a computer screen in New York. Peacock, one of the last big new streaming services to launch in the U.S., was supposed to get a big marketing and content boost from the Olympics.The coronavirus pandemic delayed the Games to 2021, so that didn’t work out for Peacock’s owner, Comcast’s NBCUniversal. (AP Photo/Jenny Kane, File)
July 14

Loss of international students could damage US economy, experts say

In 2018, foreign students contributed $45 billion to the economy.
July 14
The Harvard University campus is shown, March 23, 2020 in Cambridge, Mass.
July 14

How major US stock indexes fared Tuesday

Stocks closed broadly higher Tuesday after another day of unsettled trading on Wall Street
July 14
July 14

Ford Motor, Xylem rise; Mohawk Industries, Wells Fargo fall

Stocks that moved heavily or traded substantially on Tuesday: Ford Motor, Xylem rise; Mohawk Industries, Wells Fargo fall
July 14
July 14

Investigators say pilot in Texas cargo crash made errors

Investigators say a pilot’s errors and disorientation were primary factors in causing the 2019 crash of a Boeing 767 cargo plane in Texas
July 14
FILE - In this March 3, 2019 file photo, provided by the National Transportation Safety Board, NTSB investigators and member of the recovery team retrieve the flight data recorder of the Atlas Air Flight 3591, a Boeing 767 cargo jet that crashed in the muddy marshland of Trinity Bay, east of Houston. Investigators say a pilot's errors and disorientation were primary factors in causing the 2019 crash in Texas. (NTSB via AP, File)
July 14

Fed's Brainard warns US economy may slow, urges more support

Federal Reserve Governor Lael Brainard warned Tuesday that the U.S. economy appears to be slowing after an initial burst of recovery and called for the Fed to take aggressive steps to spur growth
July 14
FILE- In this June 14, 2018, file photo Federal Reserve Board Governor Lael Brainard participates in an open meeting in Washington. Brainard warned Tuesday, July 14, 2020, that the U.S. economy appears to be slowing after an initial burst of recovery and called for the Fed to take aggressive steps to spur growth. (AP Photo/Cliff Owen, File)
July 14

Campaign brewing to get Hindu god Brahma off popular beer

An interfaith coalition is pressing the world’s largest brewer to remove the name of a Hindu god from a popular beer that dates to the late 1800s
July 14
Brahma beer is displayed at a bar that's open for deliveries only amid the COVID-19 pandemic in Brasilia, Brazil, Tuesday, July 14, 2020. An interfaith coalition is pressuring the world’s largest brewer to remove the name of the Hindu god, saying the name is offensive to Hindus, who worship Lord Brahma, the religion's god of creation. An Anheuser-Busch InBev brewery spokesman says the beer actually was named to honor Joseph Bramah, an Englishman who invented the draft pump handle, and the spelling was changed to adapt the name to the Portuguese language. (AP Photo/Eraldo Peres)
July 14

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
July 14
July 14

UK backtracks on giving Huawei role in high-speed network

Britain has backtracked on plans to give Chinese telecommunications company Huawei a role in the U.K.’s new high-speed mobile phone network amid security concerns fueled by rising tensions between Beijing and Western powers
July 14
FILE - In this Wednesday, July 1, 2020 file photo, a man wearing a face mask to protect against the new coronavirus looks at his smartphone as he walks past a Huawei store in Beijing. The British government is reportedly poised to backtrack on plans to give Chinese telecommunications giant Huawei a limited role in the U.K.‘s new high-speed mobile phone network, a decision with broad implications for relations between the two countries. Britain’s decision to re-examine the question, the results of which will be announced Tuesday, July 14 came after the U.S. threatened to sever an intelligence-sharing arrangement because of concerns Huawei equipment could allow the Beijing government to infiltrate U.K. networks. (AP Photo/Mark Schiefelbein, file)
July 14

“Growth has stalled": Surge in US infections hits Delta

Delta Air Lines lost $5.7 billion in the second quarter, as the coronavirus pandemic crushed air travel
July 14
A passenger wears personal protective equipment on a Delta Airlines flight as a map depicting the spread of COVID-19 is displayed on a monitor after landing at Minneapolis−Saint Paul International Airport, Thursday, May 28, 2020, in Minneapolis. (AP Photo/John Minchillo)