Business

Walmart Joins Microsoft In Bid For Video App TikTok

Bentonville, AR (AP) — Walmart is the latest company to want a piece of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration. The w...

Fed: Rates To Stay Ultra-Low Even After Inflation Picks Up

WASHINGTON (AP) — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has e...

Google’s Own Engineers Disturbed By Company’s Location-Tracking Tactics

CALIFORNIA (AP) — Google's own engineers were troubled by the way the company secretly tracked the movements of people who didn't want to be followed until a 2018 Associated Press ...

US Jobless Claims Jump Back Above 1 Million In Face Of Virus

WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment benefits rose to 1.1 million last week after two weeks of declines, evidence that many employers are stil...

Tribune Closing 5 Newsrooms Including NY Daily News

NEW YORK (AP) — Tribune Publishing Company, which owns some of the most storied newspapers in American journalism, said Wednesday that it is closing the newsrooms at five of them, ...

Helped By Coronavirus Crisis, Wix Becomes Israel’s Second-highest Valued Company

TEL AVIV (JTA) — The coronavirus crisis has helped make Wix, the popular website creator platform, the second-highest valued Israeli company. Its share price has increased by 26...

Photos: Israeli Jeweler Makes $1.5M Gold Coronavirus Mask

MOTZA, Israel (AP) — An Israeli jewelry company is working on what it says will be the world's most expensive coronavirus mask, a gold, diamond-encrusted face covering with a price...

Potential Kodak Deal Paused Until ‘Allegations Are Cleared’

NEW YORK (AP) — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty phot...

Virus Aid Talks On Brink Of Collapse, Sides ‘Very Far Apart’

WASHINGTON (AP) — Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol generated lots of recriminations bu...

Apple Shines In Pandemic With $2 Trillion Value On Horizon

NEW YORK (AP) - Early in 2020, Apple appeared to be caught in a horrible bind. The initial spread of the novel coronavirus shut down the factories in China that assemble its iPh...

1.2 Million Seek Jobless Aid After $600 Federal Check Ends

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just ...

GOP Senators Support More Money For Airlines To Pay Workers

WASHINGTON (AP) — A group of 16 Republican senators has endorsed giving more money to airlines to avoid layoffs right before the November election, giving a boost to a lobbying eff...

Gone For Good? Evidence Signals Many Jobs Aren’t Coming Back

WASHINGTON (AP) — Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of...

Facebook Launches Its New TikTok Clone, Instagram Reels

CALIFORNIA (AP) — Facebook's Instagram is officially launching its answer to the hit short video app TikTok — Instagram Reels. The new Instagram feature will let users record an...

Israeli Government Approves $75 Million Bid For Major Stake In El Al Airlines To Son Of Millionaire US Businessman

JERUSALEM (JTA) — Eli Rozenberg, the son of millionaire U.S. businessman Kenny Rozenberg, is closer to acquiring a large stake in El Al Airlines. Israel’s Government Companies A...

Inside Big Tech: Pulling Back The Curtain With ‘Hot’ Email

WASHINGTON (AP) — The House Judiciary chairman was closing in on his Perry Mason moment with Facebook CEO Mark Zuckerberg. Fortified with “hot” internal company documents, Rep. Jer...

Virgin Atlantic Airline Files For US Bankruptcy Protection

NEW YORK (AP) — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus ...

PHOTOS: Lebanese Confront Devastation After Massive Beirut Explosion

BEIRUT (AP) — Residents of Beirut awoke to a scene of utter devastation on Wednesday, a day after a massive explosion at the port sent shock waves across the Lebanese capital, kill...

Questions Being Raised After Kodak’s Stock Has A Big Moment

NEW YORK (AP) - Eastman Kodak's potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for th...

Wave Of Evictions Expected As Moratoriums End In Many States

BALTIMORE (AP) — Kelyn Yanez used to clean homes during the day and wait tables at night in the Houston area before the coronavirus. But the mother of three lost both jobs in March...