Business News

Tesla Surpasses Toyota As The Most Valuable…

Since the start of the year, Tesla shares have swelled 183%.

Fed buys more corporate bonds but may soon end purchases

The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds

US wholesale prices fell 0.2% in June as food…

U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices

Airbus To Cut 15,000 Jobs Over COVID-19 Pandemic

The company said the cuts will occur no later than the summer of 2021.

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Man admits damaging computer, causing PPE delivery delay

A former employee of a medical device packaging company has pleaded guilty to damaging a computer belonging to his former employer which prosecutors said caused a delay in the delivery of personal protective equipment to health care providers

In heated political moment, Goya latest company…

The supercharged political landscape in the U.S. has grown potentially more perilous for companies ahead of the 2020 presidential election as Goya, a food company with a tremendously loyal following, discovered this week

FAA Approves Test Flights Of Boeing's Updated 737…

Global aviation regulators grounded the 737 Max back in March 2019 after two fatal crashes involving Boeing 737 Max 8s.

American Airlines threatens to cancel some Boeing Max orders

American Airlines is warning Boeing that it could cancel some overdue orders for the grounded 737 Max unless the plane maker helps line up new financing for the jets, according to people familiar with the discussions

Flood-weary Venice puts 'Moses' inflatable…

Venice has conducted a trial run of an ambitious anti-flood system of 78 inflatable barriers in the hopes of protecting the lagoon city from devastating high tides

U.S. Consumer Spending Increased At Record Pace…

With unemployment funds running out, the gains aren't expected to last.

Fiat Chrysler recall: Steering wheel part can be projectile

Fiat Chrysler is recalling more than 1.2 million older minivans and SUVs worldwide because plastic emblems on the steering wheels can loosen and become projectiles if the driver’s air bag is inflated

Summer getaway underway as new UK quarantine…

The traditional British summer getaway to sun-soaked Mediterranean beaches is set to pick up steam as quarantine restrictions are removed to dozens of countries, including France, Greece and Italy

U.S. Suspends Some Worker Visas Through End Of…

Tech and IT companies say they face skilled-worker shortages but critics say visas allow firms to undercut U.S. employees.

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Tailgating tradition takes on new form as opera…

The famed Santa Fe Opera is offering a series of virtual performances after being forced to cancel the 2020 season due to the coronavirus pandemic

China auto sales off 22.4% in first half of 2020

An industry group reports China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus

24 Hour Fitness Files For Bankruptcy

The national fitness chain will remain in business but will permanently close about 130 gyms across the U.S.

Libyan oil company resumes exports after months of blockade

Libya’s national oil company says it's resumed crude exports, ending a months-long blockade that eastern tribes had called to protest revenue distribution in the war-torn country

Wall Street rises as optimism caps erratic week…

Wall Street is climbing Friday, and the S&P 500 is heading for its third weekly gain in the last four

Starbucks Reverses Decision To Ban Black Lives…

It will also send Starbucks-branded Black Lives Matter T-shirts to hundreds of thousands of employees.

US bets on untested company to deliver COVID-19…

When precious vats of COVID-19 vaccine are finally ready, the ability to jab the lifesaving solution into the arms of Americans will require hundreds of millions of injections

May Jobs Gains Didn't Translate To Black Or Asian…

The Labor Department reported an overall increase in jobs, but the jobs benefitted White and Hispanic Americans the most.

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Florida's curve no longer flat amid new surge of…

Florida appeared to be successfully “flattening the curve" of new coronavirus cases in the spring after its bars, gyms and beaches closed

Twitter, Square Declare Juneteenth An Official…

Juneteenth is a tradition in the Black community that commemorates the end of slavery in the U.S.