NEW YORK — When Jenna Powell gets in front of a camera, she can sell $10,000 worth of sparkly dresses and tie-dye hoodies in 40 minutes.
Delta won’t furlough pilots
Here is Money & Markets for Wednesday, Nov. 25, 2020.
WASHINGTON — US 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.
With millions dining at home for safety and a swing to the spicier side in the US in recent years, Cholula, the hot sauce with the distinctive wooden cap and a cult following, has become a very valuable brand.
SILVER SPRING, Md. — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again.
WASHINGTON — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis.
Dow crests 30,000 points on vaccine hopes
HELENA, Mont. (AP) — Revenue produced by Montana’s state trust lands decreased over the last fiscal year that ended in June because of fluctuations in commodity prices and weather, officials said.
By TOM KRISHER
LONDON (AP) — Cineworld, which last month closed its cinemas in the US and the UK, has secured more than $750 million of new financing that it hopes will see it through the Coronavirus pandemic.
Employers start sending workers shopping for health coverage
Here is Money & Markets for Tuesday, Nov. 24, 2020.
Like most things in 2020, Black Friday won’t be the same this year.
SANTA MONICA — By most measures of what keeps a pub afloat, the Coronavirus pandemic should already have Ye Olde King’s Head on its last kegs.
LAS VEGAS — As the Coronavirus surges to record levels in Nevada, the governor has implored residents to stay home. But Democrat Steve Sisolak has also encouraged out-of-state visitors, the lifeblood of Nevada’s limping economy, to come to his state and spend money in Las Vegas.
LONDON — The UK signed an interim trade deal with Canada on Saturday, giving it more time to negotiate future trading rules as the British government prepares the country for business life outside the European Union.
WASHINGTON — LaTonya Story is every retailer’s worst fear.
ALBUQUERQUE, N.M. (AP) — Some New Mexico essential businesses have been shut down because of a substantial increase in Coronavirus cases.
SACRAMENTO — California’s beleaguered restaurant and hospitality industry rebounded in October, adding 66,000 jobs as the unemployment rate in the nation’s most populous state dipped below 10% for the first time since the pandemic upended its economy in March.
BEIJING (AP) — Canada’s ambassador to China has visited two Canadians detained for almost two years amid a dispute over the arrest of an executive of Chinese technology giant Huawei.
Another major movie theater chain has struck a deal with Universal Pictures to allow for shorter exclusive theatrical windows. Canada’s Cineplex has agreed on a multiyear “dynamic window” agreement, the film exhibitor and Uiversal Filmed Entertainment Group said Friday.
Mnuchin denies trying to hinder incoming administration
WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
During the pandemic, with millions of people unemployed, the number of workers joining the millionaire’s club hit record levels.
GM: New batteries cut electric car costs, increase range
SPARTANBURG, S.C. — Tire manufacturer Michelin North America is planning to invest up to $175 million in equipment at its facilities in two South Carolina counties over the next five to seven years.
CHARLOTTE, N.C. (AP) — Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago.
SAVANNAH, Ga. (AP) — A mining company said Tuesday that it plans to dig for minerals without a federal permit at the edge of the vast wildlife refuge in the Okefenokee Swamp, a big step for a once-embattled project that’s now benefiting from the Trump administration’s rollback of environment…
Boeing Max cleared for takeoff
NEW YORK (AP) — Target is the latest big box US retailer to show that it’s prospering during the pandemic.
SUMATRA, Indonesia — With his hand clamped tightly over her mouth, she could not scream, the 16-year-old girl recalls – and no one was around to hear her anyway. She describes how her boss raped her amid the tall trees on an Indonesian palm oil plantation that feeds into some of the world’s …
Lowe’s sales surged in the third quarter more people took on projects at home during the epidemic.
COPENHAGEN, Denmark (AP) — The Danish government said Tuesday that a majority in parliament backed its decision to cull the country’s 15 million minks over concerns about a mutated version of the virus that has spread among the animals.
Controversial Fed nominee Shelton stalls in Senate test vote
SAN FRANCISCO — President Donald Trump’s 2020 reelection campaign was powered by a cellphone app that allowed staff to monitor the movements of his millions of supporters, and offered intimate access to their social networks.
NEW YORK (AP) — Retail sales in the US grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores.
SILVER SPRING, Md. (AP) — US industrial production rose 1.1% in October, recovering much of the spring decline caused by the virus pandemic.
Here is Money & Markets for Wednesday, Nov. 18, 2020.
Here is Money & Markets for Tuesday, Nov. 17, 2020.
Universal Pictures has struck another deal with a major theater chain to shorten the theatrical window from three months to as little as 17 days in an effort to adapt to the new business realities of moviegoing.
PNC to buy US unit of Spain’s BBVA bank
NEW YORK (AP) — Tesla will be added to the S&P 500 index on Dec. 21. Based on its market value Monday, the electric car maker would be one of the top 10 companies in the benchmark index upon entry.
ALBUQUERQUE, N.M. — New Mexico on Monday started its lockdown as Gov. Michelle Lujan Grisham and hospital administrators look to curb COVID-19 infections.
LONDON — Imagine a world where you move around in your own personal sound bubble. You listen to your favorite tunes, play loud computer games, watch a movie or get navigation directions in your car — all without disturbing those around you.
Working with third-party debt collectors can be confusing and scary. For the more than 68 million US adults with debt in collections, knowing their legal rights is crucial.
DALLAS — Southwest Airlines cautioned Thursday that the tenuous recovery in air travel could be fading as Coronavirus cases spike across the United States.
China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.
BATH, Maine — Months after bitter strike during a pandemic, Bath Iron Works managers and production workers are starting to get on the same page when it comes to catching up on the production schedule.
DETROIT — General Motors is recalling nearly 69,000 Chevrolet Bolt electric cars worldwide because the batteries have caught fire in five of them.
NORTHVILLE, Mich. (AP) — A Detroit suburb has partnered with a business owner to build heated stands and pods to help restaurants and shops get through the winter amid the Coronavirus pandemic.
Commented