Nortwest Arkansas Democrat Gazette - National Business

U.S. to ban TikTok from app stores

Sat, 19 Sep 2020 07:02:23 GMT

The Trump administration said it is banning China's TikTok and WeChat from mobile app stores beginning Sunday, in a seemingly unprecedented move that will sharply raise tensions with Beijing.

Consumer sentiment posts rise

Sat, 19 Sep 2020 06:59:51 GMT

U.S. consumer sentiment increased more than expected in early September to a six-month high as Americans grew more upbeat about the economy's prospects.

Big craft brewer finds big partner

Sat, 19 Sep 2020 06:58:10 GMT

D.G. Yuengling & Son Brewing Co., the Pottsville, Pa.-based beer behemoth, has set its sights on becoming a national brand by forging a partnership with industry giant Molson Coors.

California reports fraud-inflated jobless claims

Sat, 19 Sep 2020 06:57:01 GMT

Scammers appear to have inflated jobless claims numbers in California by the hundreds of thousands in recent weeks, likely making national tallies of Americans on unemployment benefits look even worse than they already were.

S&P 500 stock index posts 3rd weekly loss in a row

Sat, 19 Sep 2020 06:54:49 GMT

Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly loss.

Popcorn farmers forced to cook up new markets

Sat, 19 Sep 2020 06:53:38 GMT

Public popcorn has been canceled.

Rare-wildflower damage probed

Sat, 19 Sep 2020 06:52:19 GMT

State and federal authorities are investigating the mysterious loss of a significant swath of a rare desert wildflower that's being considered for federal protection at a mine site in Nevada with some of the largest untapped lithium deposits in the world.

News in brief

Sat, 19 Sep 2020 06:51:23 GMT

Walmart suppliers focus of partnership

U.S. bans WeChat, TikTok citing national security

Fri, 18 Sep 2020 13:23:19 GMT

The U.S. will ban the use of WeChat Sunday to "safeguard the national security of the United States."

Week's jobless filings at 860,000

Fri, 18 Sep 2020 07:06:52 GMT

The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that illustrates the broad economic damage still taking place nine months after the first case of covid-19 was detected in the U.S.

Building of homes declines by 5.1%

Fri, 18 Sep 2020 07:04:49 GMT

U.S. home starts fell more than forecast last month, reflecting less construction of apartments and a decline in the tropical storm-hit South, representing a pause in momentum for a housing market that's been a key source of fuel for the economy.

Regenerative practices new venture for Cargill

Fri, 18 Sep 2020 07:03:01 GMT

Cargill Inc., the world's largest agribusiness, said Wednesday that it will help convert 10 million acres of row crop farmland in North America over a decade to regenerative practices, which are designed to improve soil biodiversity, and reduce erosion and runoff.

Firms said to accept new TikTok terms

Fri, 18 Sep 2020 07:02:35 GMT

The Treasury Department, TikTok owner ByteDance Ltd. and Oracle Corp. have tentatively agreed to terms for Oracle's bid for the U.S. operations of the social-media service, according to people familiar with the matter.

Investors watching pricey-stock trend

Fri, 18 Sep 2020 07:00:38 GMT

Most everyone along Wall Street agrees that stocks are expensive after their amazing return to record heights despite the still-raging pandemic.

Technology slump again adds to losses for stocks

Fri, 18 Sep 2020 06:58:12 GMT

Another slide in technology companies helped pull stocks lower Thursday on Wall Street, extending losses from the day before.

Safety board backs FAA on Max fixes

Fri, 18 Sep 2020 06:56:39 GMT

U.S. accident investigators who last year urged a broad overhaul of aircraft certification after two crashes of Boeing Co.'s 737 Max have endorsed fixes for the jet proposed last month by the Federal Aviation Administration.

Ford high-tech factory to make electric F-150s

Fri, 18 Sep 2020 06:56:00 GMT

Ford Motor Co., facing an onslaught of competition for its new battery-powered F-150 pickup, unveiled the high-tech factory that will produce the electric truck using self-driving transport sleds and robots collaborating with human workers.

Covid-19 danger continues to drive joblessness in U.S.

Thu, 17 Sep 2020 15:06:48 GMT

Boeing, FAA faulted on 737 Max

Thu, 17 Sep 2020 07:03:51 GMT

The two crashes that killed 346 people aboard Boeing's 737 Max and led to the worldwide grounding of the plane were the "horrific culmination" of engineering flaws, mismanagement and a severe lack of federal oversight, the Democratic majority on the House Transportation and Infrastructure Committee said in a report Wednesday.

Fed says low rates expected to linger

Thu, 17 Sep 2020 07:02:51 GMT

The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate.