Nov 17 Federal Reserve Chair Jerome Powell says surge in virus cases threatens U.S. economy By Christopher Rugaber, Associated Press Powell said the threat also means Congress and the White House should provide more stimulus spending to support the unemployed, states and cities, and small businesses, and to keep the economy afloat. Continue reading
Nov 17 Amazon opens online pharmacy, disrupting another industry By Joseph Pisani, Tom Murphy, Associated Press The move propels Amazon into a new business and could shake up the pharmacy industry. Big chains like CVS and Walgreens rely on their pharmacies to bring them a steady flow of shoppers who stop by frequently to pick up… Continue reading
Nov 16 Louisiana landlords sue over CDC eviction moratorium By Associated Press Louisiana landlords have filed a federal lawsuit seeking to overturn a moratorium on evictions ordered by the CDC to avoid spreading the novel coronavirus. Continue reading
Nov 16 Airbnb details years of losses ahead of planned IPO By Dee-Ann Durbin, Associated Press The documents show that leading up to the coronavirus outbreak earlier this year, AirBnb was spending heavily on technology and marketing to grow its business. Its revenue jumped 32 percent to $4.8 billion in 2019, but it reported a net… Continue reading
Nov 16 WATCH: Twitter, Facebook CEOs defend election actions, promise more By Marcy Gordon, Associated Press The Senate Judiciary Committee will hear testimony from Facebook's Mark Zuckerberg and Twitter's Jack Dorsey as the panel examines the social media giants' role in the election. Continue reading
Nov 16 WATCH: Biden outlines plan to ease economic inequity amid pandemic By Associated Press Biden spoke about his plans to invest in infrastructure, technology and clean energy jobs, and create American manufacturing jobs by encouraging companies to make their products in the U.S. Continue reading
Nov 12 Schools abandon classes, states retreat as virus surges By Michelle R. Smith, Sean Murphy, Associated Press School systems in Detroit, Indianapolis, Philadelphia and suburban Minneapolis are giving up on in-person classes, and some governors are reimposing restrictions on bars and restaurants or getting more serious about masks. Continue reading
Nov 12 Economy needs help despite vaccine news, top central bankers say By David McHugh, Associated Press Three of the globe's top central bankers said the economy continues to need help despite progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerome Powell saying that the U.S. Congress “may have to do more” to cushion the… Continue reading
Nov 12 Mexican president presents bill to ban outsourcing of jobs By Associated Press The proposal outlined Thursday says personnel, staffing or temp companies can help private firms recruit, select or train workers, but cannot be listed as their employer. Continue reading
Nov 12 709,000 Americans seek jobless aid as pandemic escalates By Christopher Rugaber, Associated Press The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a sign that the job market might be slowly healing. Continue reading