Business

Macy’s To Close 125 Stores, Shed 2,000 Corporate Jobs

NEW YORK (AP) — Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in...

Twitter To Label Altered Media, Remove If It May Cause Harm

SAN FRANCISCO (AP) — Twitter will begin to label and in some cases remove doctored or manipulated photos, audio and videos that are designed to mislead people. The company said ...

Tesla Stock Is Soaring. Madness Or Visionary Investing?

DETROIT (AP) — Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Thr...

Trump’s Economy: Solid And Steady But Vulnerable To Threats

WASHINGTON (AP) — A portrait of a robust U.S. economy is sure to take center stage Tuesday night when President Donald Trump gives his third State of the Union address. It is an ec...

Google 4Q Revenue Grew, But Not Enough For Wall Street

SAN FRANCISCO (AP) — Google's revenue grew, but Wall Street wanted more. Parent company Alphabet's stock fell more than 4% after financial results came out Monday, even as profi...

Facebook CEO Mark Zuckerberg Tells Tech Conference He Has ‘Become More Religious’

UTAH (JTA) — Facebook CEO Mark Zuckerberg told a live audience at a tech conference that he has “become more religious” in recent years. Zuckerberg was interviewed Friday evenin...

Chinese Market Dives 8% But Other World Stocks Stable

BANGKOK (AP) — China's main stock index tumbled nearly 8% Monday as the country's markets reopened and regulators sought to calm investors over the impact of a virus that has sprea...

Bernard Ebbers, Ex-CEO Convicted In WorldCom Scandal, Dies

NEW YORK (AP) - A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history died just over a month after his early release f...

In Fight To Survive, US Dairy Farmers Look For Any Tech Edge

PICKETT, Wis. (AP) — At Rosendale Dairy, each of the 9,000 cows has a microchip implanted in an ear that workers can scan with smartphones for up-to-the-minute information on how t...

Amazon Is Big … Really, Really Big; Workforce Hits 500k

NEW YORK (AP) — Need more proof that Amazon is big? It came this week. Amazon's U.S. workforce topped 500,000 for the first time, up 43% from the year before and more than tripl...

Twitter Permanently Bans Zero Hedge For ‘Harassment’

SAN FRANCISCO (VINnews) — Another one bites the dust. Twitter has permanently banished another account off its platform for allegedly violating their terms and conditions. The u...

China Readies Cushion For Virus Shock When Markets Re-open

BEIJING (AP) — China's central bank announced plans Sunday to inject 1.2 trillion yuan ($173 billion) into the economy to cushion the shock to financial markets from the outbreak o...

Experts: Travel Bans, Business Closures Could Hurt Economy

MILWAUKEE (AP) — Travel restrictions and business closures aimed at stopping the spread of a new virus that has killed 259 people in China could end up causing ripple effects that ...

Apple Temporarily Closes Stores In China Amid Virus Outbreak

SAN FRANCISCO (AP) — Apple is temporarily closing its 42 stores in mainland China, one of its largest markets, as a new virus spreads rapidly and the death toll there rose to 259 o...

Amazon’s Latest Milestone: 150 Million Prime Members

NEW YORK (AP) — Amazon had another prime holiday season. The online retailer said Thursday it has more than 150 million Prime members worldwide who pay $119 a year for faster sh...

Commerce Secretary: China Virus Could Bring Jobs Back To US

WASHINGTON (AP) — Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage Amer...

Federal Reserve Proposes Loosening Rules On Bank Investments

WASHINGTON (AP) — The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. The proposa...

Buyers Move To Used Vehicles As New Autos Hit Record Prices

DETROIT (AP) — The average sale price of a new vehicle hit a record of just over $39,000 late last year, a figure that chased many buyers out of the market and into used vehicles, ...

Fed Leaves Key Rate Unchanged At Low Level Amid Global Risks

WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats. Th...

What To Know For Year Two Of The Trump Tax Plan

WASHINGTON (AP) - It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayer...