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Economy News

September 21, 2020
Bank shares slide on reports of rampant money laundering
Shares of some major banks are tumbling before the market open Monday following a report alleging those including JPMorgan, ...
September 21, 2020
Founder of GM electric truck partner quits amid allegations
Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid ...
September 20, 2020
March of 100,000 marks week 7 of Belarus protests
Tens of thousands of Belarusians calling for the authoritarian president to resign marched through the capital Sunday as the ...
September 19, 2020
Cargo plane crashes at airport in Somalia's capital, 3 hurt
A cargo plane crashed Saturday morning at the international airport in Somalia's capital, and the country's transport ...
September 19, 2020
Trump seeks rural votes in battleground Minnesota
President Donald Trump stumped for votes in rural Minnesota, predicting his Democratic opponent, Joe Biden, would terminate ...
September 19, 2020
Apple to launch first online store in India next week
Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one ...
September 18, 2020
Watchdog: FAA not prepared to update jet evacuation rules
The Federal Aviation Administration hasn't updated standards for emergency airliner evacuations in nearly two decades, a ...
September 18, 2020
Trump: I'm the best thing to happen to Puerto Rico
President Donald Trump has announced nearly $13 billion in aid to Puerto Rico to help rebuild the electrical grid and repair ...
September 18, 2020
Spanish banks merge in sign of hard economic times ahead
Two of Spain’s biggest banks said Friday they were merging, pushed together by a need to weather tough economic times that ...
September 17, 2020
Dems promise to 'keep fighting' for virus funding
Democratic leaders promise to "keep fighting" for funding included in the Heroes Act which has languished in Congress since ...
September 17, 2020
Bank of England eyes sub-zero rates in face of virus, Brexit
The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history ...
September 16, 2020
More than 20 workers hurt in Texas crane accident
Authorities say two cranes collided at a Texas construction site, injuring at least 22 workers. The cranes collided Wednesday ...
September 16, 2020
US Federal Reserve adjusts inflation target
The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep ...
September 16, 2020
Panel's report blasts Boeing, FAA for crashes, seeks reforms
A House committee issued a scathing report Wednesday questioning whether Boeing and government regulators have recognized ...
September 16, 2020
DP World, Israeli firm to bid for Haifa port privatization
Dubai-based port operator DP World said Wednesday it would partner with an Israeli firm in a bid to take over the country's ...
September 15, 2020
Yuengling, America's oldest brewer, invades the West Coast
Hey West Coast beer lovers, it's pronounced YING-ling. D.G. Yuengling and Son, America's oldest operating brewer, is sending ...
September 15, 2020
Japan begins trial of Nissan, ex-executive over Ghosn's pay
The financial misconduct trial of former Nissan executive Greg Kelly began Tuesday with Kelly saying he committed no crimes ...
September 15, 2020
Wildfires during pandemic intensify economic pain in West
The fires consuming the forests of California and Oregon and darkening the skies over San Francisco and Portland are also ...
September 15, 2020
Oracle wins TikTok over Microsoft in Trump-urged bid
The owner of TikTok has chosen Oracle over Microsoft as its American tech partner. Managing Director at Wedbush Securities ...
September 14, 2020
Facebook to buy REI’s new headquarters near Seattle
Facebook will buy REI’s new and unused Bellevue campus for nearly $368 million, the social media giant said on Monday.
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