Pompeo, in Slovenia, pushes 5G security, warns about China
BLED, Slovenia (AP) — U.S. Secretary of State Mike Pompeo is in Slovenia making the case for high-speed wireless networks that bar Chinese companies like Huawei.
Many more likely sought jobless aid after $600 check ends
WASHINGTON (AP) — The U.S. government will provide its latest report Thursday on the pace of layoffs, which have remained stuck at a high level since the viral pandemic erupted five months ago.
Carlsberg sees growth in Asia as other markets decline
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Thursday its second quarter net profit dropped 7.3% to 2.9 billion kroner ($458 million) as all its markets were affected “to a greater or lesser extent” by the global coronavirus outbreak.
Global shares mixed, led by Tokyo gains, after Wall St rally
TOKYO (AP) — Global shares were mixed Thursday, cheered by the rally on Wall Street that's likely a boon for export-driven regional economies, despite concerns over the coronanvirus pandemic.
German investigators appeal for help finding tech executive
BERLIN (AP) — German investigators are appealing for the public's help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges.
Facebook beefs up anti-misinfo efforts ahead of US election
OAKLAND, Calif. (AP) — Beginning Thursday, U.S. Facebook users who post about voting may start seeing an addendum to their messages -- labels directing readers to authoritative information about the upcoming presidential election.
Asian shares mixed, led by Tokyo gains, after Wall St rally
TOKYO (AP) — Asian shares were mostly higher on Thursday, cheered by the rally on Wall Street that's likely a boon for export-driven regional economies, even as investors worry about the coronanvirus pandemic.
Iowa farmers assess losses after storm flattened cornfields
DES MOINES, Iowa (AP) — Farmers across a wide swath of Iowa are dealing with the heartbreaking aftermath of a rare wind storm that turned what was looking like a record corn crop into deep losses for many.
Lyft's 2Q loss $437M as virus spread and riders stayed home
NEW YORK (AP) — Lyft posted a loss of $437.1 million during the second quarter, when the coronavirus outbreak led many people to stay home and few were eager to use its ride-hailing service.
In a first, Airbnb takes action against guest for party
For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties. The San Francisco-based home sharing company said Wednesday it is initiating legal proceedings against a guest who held an unauthorized party at a home in Sacramento County, California, last weekend.
United plans more Florida flights, but virus gets final say
DALLAS (AP) — United Airlines said Wednesday it plans to add up to 28 daily flights to Florida this winter, but the airline is prepared to reverse course if the rate of coronavirus cases in the state remains high.
Business lobby raises concerns over Trump payroll tax break
WASHINGTON (AP) — The nation's leading business group on Wednesday raised serious concerns about President Donald Trump's move to defer Social Security payroll taxes for American workers, warning that the plan for a shot of economic relief during the coronavirus pandemic could prove unworkable.
Stocks rebound on Wall Street, S&P 500 trades above record
Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge.
How can Wall Street be so healthy when Main Street isn't?
NEW YORK (AP) — The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally means the S&P 500 is roughly back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits and businesses continue to shutter across the country.
US budget deficit climbs to record $2.81 trillion
SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
Companies test antibody drugs to treat, prevent COVID-19
With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.
New Mexico's largest newspapers combine printing operations
ALBUQUERQUE, N.M. (AP) — The Albuquerque Journal and the Santa Fe New Mexican newspapers are partnering to print both publications at the The New Mexican’s production facility in Santa Fe in a cost-cutting move.
Boston Fed chief: States' rush to reopen slowed US recovery
WASHINGTON (AP) — A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S.
Sumner Redstone, who built media empire including CBS, dies
Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died.
UK records deepest recession among top economies
LONDON (AP) — Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as part of efforts to contain the coronavirus pandemic.
Microsoft back in the smartphone business with its new Duo
Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago. The company began taking orders Wednesday for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September.
US consumer prices rose 0.6% in July, matching June uptick
WASHINGTON (AP) — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June.
UK govt, Ben & Jerry's in spat over treatment of migrants
LONDON (AP) — Relations between the British government and ice cream maker Ben & Jerry’s chilled Wednesday in a spat over the treatment of migrants.
Shake Shack shrugs off trade war, opens outlet in Beijing
BEIJING (AP) — Antagonisms between China and the United States didn’t stop Beijing's burger lovers from standing in line for hours for a bite of Shake Shack's snacks.
Shares mostly lower in Asia after retreat on Wall Street
Shares were mostly lower in Asia on Wednesday after Wall Street pumped the brakes on its recent rally. Tokyo’s Nikkei 225 index edged higher while the Shanghai Composite sank 2%.