Economy

Filter

Trump returns to a business empire ravaged by pandemic

By Bernard Condon, Associated Press

Donald Trump is returning to a family business ravaged by pandemic shutdowns, with revenue plunging more than 40 percent at his Doral golf property, his Washington hotel and both his Scottish resorts.

Facebook's oversight board to rule on indefinite Trump ban

By Barbara Ortutay, Associated Press

The social media giant said it's referring the matter to the oversight board for what it called an "independent judgment" on on upholding the decision. Twitter, by contrast, has permanently banned Trump.

U.S. unemployment claims fall to a still-high 900,000

By Christopher Rugaber, Associated Press

Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.

Keystone XL pipeline halted as Biden moves to cancel permit

By Rob Gillies, Associated Press

The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma.

A look at Biden's first executive orders in office

By Associated Press

In his first official acts as president, Joe Biden is signing executive orders on a broad range of issues, from the coronavirus pandemic to climate change and immigration, to fulfill campaign promises.

Wall Street hits records amid profit reports, inauguration

By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press

U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.

'It's just too much': Why some students are abandoning community colleges

By Lawrence Lanahan, The Hechinger Report

Fall enrollment at community colleges was down 10 percent from a year earlier, according to National Student Clearinghouse data.

Stores drop MyPillow after CEO pushes election conspiracies

By Associated Press

Both companies confirmed the decision not to carry the brand in their stores Tuesday, but cited flagging sales rather than Lindell's actions or his support for Trump.

NASCAR to hold pre-race Daytona 500 concert with Luke Combs

By Jenna Fryer, Associated Press

Combs performed virtually for NASCAR's season finale in November but has not done a live show since March. NASCAR prides itself on its elaborate pre-race pomp and entertainment.

UK seafood trucks protest at Parliament over Brexit red tape

By Jill Lawless, Associated Press

British fishing communities were among the strongest supporters of leaving the European Union, because it promised the chance to regain control over who is allowed to fish in British waters.