Business

Goya CEO Praises Trump At White House, Backlash Is Swift

NEW YORK (AP) — Goya Foods is facing a swift backlash after its CEO praised President Donald Trump at White House event. Goya was founded in Manhattan in 1936 by Don Prudencio U...

Supreme Court Rules Manhattan District Attorney Can Obtain Trump Tax Returns

WASHINGTON (AP) — The Supreme Court on Thursday upheld a prosecutor’s demand for President Donald Trump’s tax returns as part of a criminal investigation that includes hush-money p...

Biden Proposes $700 Billion-plus ‘Buy American’ Campaign

WASHINGTON (AP) - Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing sweeping new uses of the federal govern...

Weekly Jobless Claims Total 1.314 Million, Vs 1.39 Million Estimate

WASHINGTON (AP) — WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still l...

Buffett Makes Annual Donations Worth $2.9B To 5 Charities

OMAHA, Neb. (AP) — Billionaire Warren Buffett has given away another $2.9 billion of his Berkshire Hathaway stock to five foundations as part of his plan to gradually give away his...

Famed Clothier Brooks Brothers Files For Bankruptcy

NEW YORK (AP) — The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection. The company that says it's put 40 U.S. presidents in its suits survived two w...

Allstate Acquires National General For $4 Billion In Cash

SILVER SPRING, Md. (AP) — Allstate is buying National General Holdings for $4 billion in cash, expanding the scope of its insurance holdings. National General shareholders will ...

Hiring Soared In May As Mass Layoffs Eased

WASHINGTON (AP) — The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April. ...

No More Delays: What To Know About The July 15 Tax Deadline

NEW YORK (AP) - It’s time to do your taxes — no more delays. As the coronavirus pandemic took hold this spring, the federal government postponed the traditional April 15 filing ...

Stores Focus On Cleaning To Get Shoppers Back To Spending

NEW YORK (AP) — Forget about making shopping fun. As clothing retailers and others try to stay viable during the coronavirus pandemic, they're hoping steps like cleaning during sto...

Uber Buys Postmates In $2.65 Billion All-stock Deal

SILVER SPRING, Md. (AP) — Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday. Uber and it...

Trump: Economy ‘Roaring Back’ After Jobs Report

WASHINGTON – President Donald Trump says the positive jobs report Thursday shows the U.S. economy is “roaring back” from the coronavirus. U.S. employers added a substantial 4.8 ...

US Adds 4.8 Million Jobs As Unemployment Falls To 11.1%

WASHINGTON (AP) — U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month yet s...

Zoom Got Big Fast. Then Videobombers Made It Rework Security

SAN RAMON, Calif. (AP) — Back in March as the coronavirus pandemic gathered steam in the U.S., a largely unheralded video-conferencing service suddenly found itself in the spotligh...

Macy’s Rethinks Black Friday Bonanza In Era Of Pandemic

NEW YORK (AP) — Macy's is refashioning what the Black Friday sales bonanza events will look like in a pandemic. Macy's CEO Jeff Gennette told analysts Wednesday said that the de...

Airbus Shedding 15,000 Jobs, Mostly In Europe

PARIS (AP) — Battered by the coronavirus pandemic, European aircraft manufacturer Airbus said Tuesday that it must eliminate 15,000 jobs, mostly in Europe, to safeguard its future ...

Fracking Pioneer Chesapeake Files For Bankruptcy Protection

NEW YORK (AP) — Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklah...

Economist Stephen Moore Warns Of Biden ‘Left-Wing’ Agenda

NEW YORK (Newsmax) - A Joe Biden administration would be a “scary” economic proposition for the country, according to economist Stephen Moore. In an interview on radio host Joh...

Microsoft To Permanently Close All Physical Stores

NEW YORK (AP) — Microsoft said Friday it is permanently closing nearly all of its physical stores around the world. Like other retailers, the software and computing giant had to...

Amazon to Buy Self-Driving Car Company Zoox for $1.2B

FOSTER CITY, CA (Newsmax) - Amazon is stepping up its presence in the self-driving vehicle space with a $1 billion-plus purchase of California company Zoox. According to The Fin...

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