Aug 24 TikTok sues Trump over his pending order to ban app By Tali Arbel, Associated Press Video app TikTok is waging a legal fight against the Trump Administration's efforts to ban the popular, Chinese-owned service over national-security concerns. Continue reading
Aug 21 California's jobless rate improves, but economy still struggles to make a full comeback By Adam Beam, Associated Press California added more than 140,000 jobs in July and lowered its unemployment rate to 13.3%. But the unemployment rate is still higher than it ever was during the Great Recession a decade ago. Continue reading
Aug 20 California court rules Uber, Lyft can consider drivers as independent contractors for now By Cathy Bussewitz, Michael Liedtke, Associated Press Both companies had threatened to shut down if a ruling went into effect Friday morning that would have forced them to treat all their drivers as employees, a change they said would be impossible to accomplish overnight. Continue reading
Aug 20 U.S. jobless claims rise to 1.1 million amid COVID-19 By Christopher Rugaber, Associated Press The latest figures suggest that more than five months after the viral outbreak erupted the economy is still weak, despite recent gains as some businesses reopen and some sectors like housing and manufacturing have rebounded. Continue reading
Aug 19 Watch 5:54 How Biden says he would rescue a faltering U.S. economy By Paul Solman, Jaywon Choe With tens of millions of Americans reeling financially from the coronavirus pandemic, the future of the U.S. economy is on the minds of many. Both President Trump and Democratic challenger Joe Biden are seeking to convince voters they can revive… Continue watching
Aug 19 Apple is first U.S. company to be valued at $2 trillion By Associated Press Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion. Continue reading
Aug 19 Pandemic shifts how consumers use gig companies, poll shows By Cathy Bussewitz, Hannah Fingerhut, Associated Press The pandemic shuffled the deck for the so-called gig economy as fear of contracting the coronavirus led many who once traveled in shared vehicles to stay home, and grocery delivery services struggled to keep up with demand from people who… Continue reading
Aug 18 California power operators plead for conservation, Gov. Newsom declares emergency over wildfires By Janie Har, Associated Press Gov. Gavin Newsom declared an emergency Tuesday over wildfires burning throughout California as the state's power grid operator pleaded for continued conservation to avoid rolling blackouts. Continue reading
Aug 18 S&P 500 closes at a record, erasing last of pandemic losses By Stan Choe, Alex Veiga, Damian J. Troise, Associated Press Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday. Continue reading
Aug 18 WATCH: Trump delivers remarks on immigration in Yuma, Arizona By Jill Colvin, Zeke Miller, Deb Reichmann, Associated Press Trump aimed to highlight his immigration agenda in Yuma, Arizona, and receive an update on construction of his southern border wall, making his second trip to the city in less than a month. Continue reading