Nortwest Arkansas Democrat Gazette - National Business

Stocks move mostly lower even as Nasdaq edges toward record

Wed, 25 Nov 2020 18:05:47 GMT

Stocks are mostly lower on Wall Street in morning trading Wednesday, giving back some of their gains from a record-setting climb a day earlier.

U.S. jobless claims up for 2nd straight week as virus worsens

Wed, 25 Nov 2020 17:51:41 GMT

The number of Americans applying for unemployment benefits rose last week for a second straight week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

Vaccines, transition rally 30,000 Dow

Wed, 25 Nov 2020 08:29:46 GMT

The Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday as progress in the development of coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin kept investors in a buying mood.

Amazon sign-on bonuses rankle

Wed, 25 Nov 2020 08:23:57 GMT

Amazon is doling out hiring bonuses as high as $3,000 to make sure it has enough people to squeak through the busy holiday shopping season. That's stoking resentment among existing workers who recently got coupons for Thanksgiving turkeys as a thank-you for their hard work.

Outlook darkens for U.S. spenders

Wed, 25 Nov 2020 08:23:20 GMT

WASHINGTON -- U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August.

RadioShack's new owners take brand online

Wed, 25 Nov 2020 08:20:57 GMT

SILVER SPRING, Md. -- RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again.

Spike in virus cases forecast to extend airlines' losses

Wed, 25 Nov 2020 08:19:28 GMT

With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world's airlines is getting worse.

September's 6.6% home-price jump biggest since '18

Wed, 25 Nov 2020 08:17:22 GMT

WASHINGTON -- U.S. home prices jumped in September as strong demand, low interest rates and the smallest number of available homes on record combined to push up housing costs.

Netflix to expand production hub

Wed, 25 Nov 2020 08:16:22 GMT

ALBUQUERQUE, N.M. -- Netflix plans to establish one of the largest production hubs in North America with an expansion of its studio complex in New Mexico and a commitment to an additional $1 billion in production spending, government and corporate leaders announced Monday.

Dow crests 30,000 points on vaccine hopes, Biden transition

Tue, 24 Nov 2020 20:20:10 GMT

The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

GM plans recall tied to air bags by Takata

Tue, 24 Nov 2020 10:19:15 GMT

DETROIT -- General Motors is recalling 5.9 million vehicles in the U.S. after losing an appeal of a government-ordered callback related to a safety issue affecting millions of air bags and almost every major automaker.

Meat plants' role in covid studied

Tue, 24 Nov 2020 10:00:00 GMT

As many as one in 12 cases of covid-19 in the early stage of the pandemic in the U.S. can be tied to outbreaks at meatpacking plants and subsequent spread in surrounding communities, according to a study.

GM exits emission standards lawsuit

Tue, 24 Nov 2020 07:57:00 GMT

DETROIT -- General Motors says it will no longer support the Trump administration in legal efforts to end California's right to set its own clean-air standards.

U.S. seafood industry takes a hit

Tue, 24 Nov 2020 07:55:04 GMT

PORTLAND, Maine -- The coronavirus pandemic has hurt the U.S. seafood industry due to a precipitous fall in imports and exports and a drop in catch of some species.

News on vaccine development boosts U.S. stocks

Tue, 24 Nov 2020 07:52:37 GMT

More encouraging news on the development of coronavirus vaccines and treatments helped power stocks higher on Wall Street Monday, as the market clawed back most of its losses from last week.

Alaska Airlines places bet on 737 Max

Tue, 24 Nov 2020 07:51:54 GMT

SEATTLE -- Days after the Federal Aviation Administration cleared Boeing's 737 Max to fly passengers again, Alaska Airlines became the first carrier to expand its fleet of the aircraft.

Visa holds off on raising fees for some retailers

Tue, 24 Nov 2020 07:51:26 GMT

Visa is delaying plans to raise the swipe fees paid by certain U.S. merchants each time a customer uses a credit card in-store as the coronavirus pandemic continues to crimp commerce across the country.

U.S. business activity index advances by most since '15

Tue, 24 Nov 2020 07:49:03 GMT

U.S. business activity powered ahead in November at the fastest pace since March 2015, with stronger growth at service providers and manufacturers highlighting broad momentum in an economy challenged by the coronavirus resurgence.

Stocks rise on Wall Street on latest hopes for virus vaccine

Mon, 23 Nov 2020 21:55:10 GMT

More encouraging news on the development of coronavirus vaccines and treatments helped power stocks higher on Wall Street Monday, as the market clawed back most of its losses from last week.

Covid won't take holiday, Fauci warns

Mon, 23 Nov 2020 13:27:09 GMT

WASHINGTON -- With nationwide coronavirus hospitalizations topping 80,000 and case counts on the cusp of 200,000 a day, officials and experts are giving their final pleas for caution in the days before Thanksgiving.