Tech giants report higher profits - some more than others
Five technology giants are reporting earnings Thursday, providing the latest indication of whether they are rebounding from an economic slowdown earlier this year.
JetBlue is the latest airline to retreat from blocking seats
The days of airlines blocking seats to make passengers feel safer about flying during the pandemic are coming closer to an end. JetBlue is the latest to indicate it is rethinking the issue.
Trump's diversity training order faces lawsuit
New York (AP) — Three civil rights groups filed a lawsuit Thursday challenging President Donald Trump's executive order that prohibits federal agencies, contractors and grant recipients from offering certain diversity training that the president deems “anti-American."
Fair housing groups: Redfin 'redlines' minority communities
SEATTLE (AP) — Several fair housing organizations accused Redfin of systematic racial discrimination in a lawsuit Thursday, saying the online real estate broker offers fewer services to homebuyers and sellers in minority communities — a type of digital redlining that has depressed home values and exacerbated historic injustice in the housing market.
Surge in virus threatens to reverse global economic rebounds
WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic as millions of individuals and businesses face the prospect of having to hunker down once again.
San Francisco curbs virus but once-vibrant downtown is empty
SAN FRANCISCO (AP) — Before the pandemic, Señor Sisig food trucks were a common sight in downtown San Francisco, dishing out Filipino fusion tacos and burritos to long lines of workers who spilled out of office towers at lunch.
Blame game afoot in Pelosi vs. Trump virus aid rhetoric
WASHINGTON (AP) — The major players in Washington's COVID relief aid blame game lobbed familiar volleys on Thursday, marking time in the days before an election that promises to change the landscape for talks that have dragged on for months without producing results.
FBI warns ransomware assault threatens US health care system
BOSTON (AP) — Federal agencies warned that cybercriminals are unleashing a wave of data-scrambling extortion attempts against the U.S.
US long-term mortgage rates flat this week; 30-year at 2.81%
WASHINGTON (AP) — U.S. long-term mortgage rates were little changed this week after marking a new all-time low last week. Home loan rates have declined through the year amid economic anxiety in the recession set off by the coronavirus pandemic.
Wall Street soared under Trump, but it's been a rocky ride
NEW YORK (AP) — The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k) balances looking healthier, as President Donald Trump likes to point out so often.
Trump rule says health plans must disclose costs up front
WASHINGTON (AP) — Trying to pull back the veil on health care costs to encourage competition, the Trump administration on Thursday finalized a requirement for insurers to tell consumers up front the actual prices for common tests and procedures.
Pending home sales cool in September, down 2.2%
CHARLOTTE, N.C. (AP) — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said Thursday, the first monthly contraction of that figure in four months.
Largest luxury deal back on, Tiffany agrees to lower price
NEW YORK (AP) — The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris.
Jobless claims fall to 751,000, but new infections a threat
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high and indicates the viral pandemic is forcing many employers to cut jobs.
Airbus reports new pandemic losses, but stops bleeding cash
PARIS (AP) — Struggling plane maker Airbus says new European virus lockdown measures are making its life “a bit more difficult,” as it announced 1 billion euros ($1.16 billion) in pandemic-related losses for the third quarter Thursday amid a slower-than-expected recovery in air travel.
UN weather agency: Moderate to strong La Nina this year
BERLIN (AP) — The La Nina climate phenomenon has developed and is expected to last into next year, affecting temperatures, precipitation and storm patterns across the world, the U.N.
China's leaders vow to become self-reliant technology power
BEIJING (AP) — China’s leaders are vowing to make their country a self-reliant “technology power” as a feud with Washington cuts access to U.S.
UK's Lloyds bank returns to profit on housing market rebound
LONDON (AP) — British's Lloyds Banking Group returned to profit in the third quarter of the year as it benefited from a rebound in the housing market after the coronavirus lockdown of the spring was eased.
Volkswagen returns to profit as global auto markets recover
FRANKFURT, Germany (AP) — German automaker Volkswagen said Thursday it returned to profit in the third quarter thanks to cost discipline and a rebound in global sales markets led by China after the lifting of the severe restrictions on activity in the early phase of the pandemic.
France braces for monthlong lockdown as virus deaths mount
PARIS (AP) — French doctors expressed relief but business owners were in despair as France prepared Thursday to shut down again for a month to try to put the brakes on a fast-moving fall coronavirus outbreak.
Samsung reports record sales amid questions about future
SEOUL, South Korea (AP) — The flood of obituaries for Samsung Electronics Chairman Lee Kun-Hee since his death over the weekend have mostly shared his most defining quote: “Change everything except for your wife and children.” Lee’s rant against what he saw as complacency during a senior management meeting in 1993 reflects the demanding leadership that helped the company grow from an obscure maker of cheap televisions into a technology giant.
Asian shares lower, US futures up after S&P 500 sinks 3.5%
Asian shares declined Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June.
Social media CEOs rebuff bias claims, vow to defend election
WASHINGTON (AP) — Under fire from President Donald Trump and his allies, the CEOs of Twitter, Facebook and Google rebuffed accusations of anti-conservative bias at a Senate hearing Wednesday and promised to aggressively defend their platforms from being used to sow chaos in next week's election.
Ford posts better-than-expected 3Q profit as sales recover
DETROIT (AP) — Ford Motor Co. posted a stronger-than-expected third-quarter net profit as demand for cars and trucks recovered from coronavirus shutdowns and the company sold more high-margin trucks.