July 30, 2020

2 grim reports are expected on virus' damage to US economy

WASHINGTON — The government is poised Thursday to deliver a double-dose of sobering news — on the devastation the coronavirus caused the U.S. economy last […]
July 30, 2020

Record surge in daily shipping volumes for UPS in 2Q

UPS is reporting a profit of $1.77 billion with the pandemic fueling a 21% surge in daily shipping volume, the largest quarterly increase ever recorded […]
July 30, 2020

Pandemic hits Comcast 2Q; new Peacock service has 10M users

NEW YORK — The coronavirus pandemic took a toll on Comcast in the second quarter as movie theaters closed, theme parks shut down and advertisers […]
July 30, 2020

The Latest: South Africa now at 471,000 coronavirus cases

JOHANNESBURG — South Africa’s confirmed coronavirus cases are now above 471,000 as the country with the world’s fifth-largest confirmed caseload makes up well over half […]
July 30, 2020

Trump vs. Biden: Where they stand on health, economy, more

WASHINGTON — President Donald Trump and his Democratic challenger, Joe Biden, both promise sweeping progress over the next four years –- via starkly different paths. […]
July 30, 2020

Lawmakers batter Big Tech CEOs, but don't land many blows

WASHINGTON — Congressional lawmakers finally got a chance to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle […]
July 30, 2020

Boston Scientific earnings beat estimates, stock rises

Medical device maker Boston Scientific Corp. on Wednesday posted a surprise adjusted quarterly profit and said demand for elective procedures picked up pace in July […]
July 29, 2020

Spirit warns of layoffs; aid for contractors being examined

Spirit Airlines is warning employees that it could furlough up to 30% of its roughly 9,000 workers in October, when federal payroll-help money runs out. […]
July 29, 2020

Senator, union leader: Postal Service considers downsizing

CHARLESTON, W.Va. — The U.S. Postal Service is considering closing post offices across the country, sparking concerns ahead of an anticipated surge of mail-in ballots […]
July 29, 2020

Wall Street rallies as Fed keeps rates pinned at record low

NEW YORK — Wall Street rallied on Wednesday, and the S&P 500 climbed 1.2% for its best day in two weeks after the Federal Reserve […]