Stocks shake off 2020 election night wobbles to rally
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.
Concerns over endangered whales could delay commercial crab season
A decision is coming soon as to whether crabs will be in markets in time for the Thanksgiving holiday.
A decision is coming soon as to whether crabs will be in markets in time for the Thanksgiving holiday.
Losses mount for oil companies as pandemic grips economy
The string of losses and what by almost all counts will be a money-losing year is new territory for Exxon Mobil, which has not posted an annual loss since Exxon and Mobil merged in 1999.
The string of losses and what by almost all counts will be a money-losing year is new territory for Exxon Mobil, which has not posted an annual loss since Exxon and Mobil merged in 1999.
Tech giants report strong results, but murky outlooks
While all five — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — exceeded analyst expectations, gloomy forecasts and other uncertainties led to share-price declines for all but Alphabet in after-market trading.
While all five — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — exceeded analyst expectations, gloomy forecasts and other uncertainties led to share-price declines for all but Alphabet in after-market trading.
American unemployment claims fall to 751,000; coronavirus resurges
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
Visa 4Q profits plunge as pandemic slows payments worldwide
Payments on the Visa network are down 11.9% from same period a year earlier, and the number of transactions performed is also down 23.6% from the quarter before.
Payments on the Visa network are down 11.9% from same period a year earlier, and the number of transactions performed is also down 23.6% from the quarter before.
Pelosi 'remains optimistic' about COVID-19 relief package before Election Day
Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.
Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.
Stocks plunge as COVID-19 cases surge in US
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.
Standoff in Washington imperils jobless and small businesses
With winter looming and confirmed viral cases rising, Bob Szuter’s craft brewery and restaurant in Columbus, Ohio, could use another government lifeline to help survive until spring.
With winter looming and confirmed viral cases rising, Bob Szuter’s craft brewery and restaurant in Columbus, Ohio, could use another government lifeline to help survive until spring.
Unemployment claims fall to 787,000; layoffs still high
The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.
The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.
Could wildland fire insurance become the next consumer casualty?
A California Department of Insurance hearing this week over the potential for fire insurance price spikes, cancellations and non-renewals is raising the specter of another insurance crisis in the state.
A California Department of Insurance hearing this week over the potential for fire insurance price spikes, cancellations and non-renewals is raising the specter of another insurance crisis in the state.
McConnell says any Pelosi-Mnuchin COVID-19 stimulus deal would get Senate vote
Senate Majority Leader Mitch McConnell said he'll schedule a vote if House Speaker Nancy Pelosi and the Trump administration are able to seal an agreement on a huge COVID-19 relief bill.
Senate Majority Leader Mitch McConnell said he'll schedule a vote if House Speaker Nancy Pelosi and the Trump administration are able to seal an agreement on a huge COVID-19 relief bill.
Poll: 1 in 4 US workers have weighed quitting under strains of pandemic concerns
The coronavirus pandemic has put millions of Americans out of work. But many of those still working are fearful, distressed and stretched thin.
The coronavirus pandemic has put millions of Americans out of work. But many of those still working are fearful, distressed and stretched thin.
China's economy accelerates as coronavirus recovery gains strength
China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.
China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.
Trump teases stepping in if Republicans oppose multi-trillion dollar stimulus package
President Trump hinted he might intervene if Republican senators don't support a second coronavirus stimulus package worth trillions of dollars, during an interview with Charles Benson of WTMJ4 Milwaukee on Saturday.
President Trump hinted he might intervene if Republican senators don't support a second coronavirus stimulus package worth trillions of dollars, during an interview with Charles Benson of WTMJ4 Milwaukee on Saturday.
Layoffs remain elevated as 898,000 seek unemployment aid
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
After two week pause, EDD accepts new unemployment claims, but phone delays persist
After the Employment Development Department’s unemployment help line was on hold for two weeks to improve claim processing and address backlogged claims and fraud, it remains difficult to access assistance from the agency.
After the Employment Development Department’s unemployment help line was on hold for two weeks to improve claim processing and address backlogged claims and fraud, it remains difficult to access assistance from the agency.
Long-term jobless caught in a squeeze that imperils recovery
On Friday, the government reported that employers added 661,000 jobs in September, normally a healthy gain.
On Friday, the government reported that employers added 661,000 jobs in September, normally a healthy gain.
Tesla sales surge as global demand picks up speed
The company reported Friday that it had delivered 139,000 SUVs and sedans from July through September, compared with 97,000 deliveries during the same period a year ago.
The company reported Friday that it had delivered 139,000 SUVs and sedans from July through September, compared with 97,000 deliveries during the same period a year ago.
Hiring slows for 3rd month; US unemployment rate falls to 7.9%
America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.
America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.