Tech drives stocks to new heights on Wall Street after choppy start
The rally, which gained strength in the final hour of trading, nudged the benchmark S&P 500 index to a slight gain for the year and drove the Nasdaq composite to an all-time high.
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AP’s usage guidelines to capitalize Black but not white
The Associated Press, whose Stylebook is widely influential in the industry, said Monday it will reject the recommendation of the National Association of Black Journalists and continue to lowercase white in its usage rules.
Governments around the world eye tougher steps to fight rising virus cases
Infections have been soaring in U.S. states including California, Florida, Texas and Arizona, and they are also on the rise in Ohio, Kentucky and Indiana.
Eldorado’s $17.3B merger with Caesars clears final hurdle
The deal, which affects five Indiana casinos, was approved by New Jersey regulators on Friday.
Federal Reserve expands lending program to not-for-profit groups
The Fed said Friday that its Main Street Lending Program, which is targeted to mid-sized businesses, will now extend credit to not-for-profits with at least 10 employees and endowments of less than $3 billion.
NCAA lays out plan for playing, but warns of surging pandemic
The NCAA handed down its latest guidelines for playing through a pandemic while also sounding an alarm: The prospect of having a fall semester with football and other sports is looking grim.
Indiana’s virus testing program falling short on sites, results
Indiana’s state-sponsored coronavirus testing program has not been meeting the levels of testing or the speed of results that were touted when it was started in May under contractor OptumServe Health Services.
Target latest retailer to require customers to wear masks
Target follows Walmart, Kohl’s, Best Buy and several other large retailers that are making masks mandatory in all stores.
U.S. retail sales jumped 7.5% in June before virus cases bounced back
The report shows how shoppers and businesses are adjusting to life in a pandemic, changing their habits in hopes of halting an illness that can quickly flare up and wreak financial havoc.
Congress eyes new virus aid as school, health crisis deepens
Two months after House Democrats advanced a $3 trillion COVID-19 aid package proposal, Senate Republicans are poised to unveil their $1 trillion counteroffer, straining to keep spending in check as the virus outbreak spreads.
China becomes first economy to grow since start of pandemic
China, where the coronavirus pandemic began in December, was the first economy to shut down and the first to start the drawn-out process of recovery in March.
Biden, Gates, other Twitter accounts hacked in Bitcoin scam
The ruse included bogus tweets from former President Barack Obama, Democratic presidential front-runner Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk.
Kroger, Kohl’s join Walmart on growing list of retailers to require face coverings
The National Retail Federation, the nation’s largest retail trade group, on Wednesday said it is “encouraging all retailers to adopt a nationwide policy that requires customers to wear face coverings or masks to protect the health and well-being of customers, associates and partners during the coronavirus pandemic.”
Trump looks to scale back environmental reviews for projects
The controversial changes to the National Environmental Policy Act are expected to make it easier to build highways, pipelines, chemical plants and other projects.
U.S. industrial production surged 5.4% in June
The June performance was better than the forecasts of most economists and reflected the reopening of many parts of the U.S. economy after lockdowns in the spring.
First COVID-19 vaccine tested in U.S. poised for final examination
The first COVID-19 vaccine tested in the United States revved up people’s immune systems just the way scientists had hoped, researchers reported Tuesday.
Biden unveils $2 trillion climate plan with energy revamp
The proposal doesn’t include specifics on how the ambitious plan would be paid for. Senior campaign officials said it would require a mix of tax increases on corporations and the wealthy, and deficit spending aimed at stimulating the economy.
Wall Street rebounds after another yo-yo day of trading
The market’s latest moves came as earnings reporting season kicked off. Like the broader market, financial stocks drifted between gains and losses for much of the day before turning higher in the afternoon.
Trump administration rescinds pandemic rule on foreign students
Facing eight federal lawsuits and opposition from hundreds of universities, the administration called off a rule that would have required international students to transfer or leave the country if their schools held classes entirely online because of the pandemic.
White House campaign to help jobless, employed ‘find something new’
The not-for-profit Ad Council created the campaign in collaboration with IBM, Apple and members of the Business Roundtable, along with the White House and the workforce policy advisory board.