National Business News

Biden orders stopgap relief; food, job protections aim of steps President Joe Biden took executive action Friday to speed a stopgap measure of financial relief to millions of Americans affected by the coronavirus pandemic w... by Compiled by Democrat-Gazette Staff From Wire Reports - January 23, 2021

Existing-home sales in U.S. rise by 0.7% Sales of existing U.S. homes increased unexpectedly in December, capping the best year for the housing market since 2006 as historically low mortgage rates help... by Compiled by Democrat-Gazette Staff From Wire Reports - January 23, 2021

Airline advised against Boeing deal American attorneys for Ethiopian Airlines, which lost 157 passengers and crew in the second crash of a Boeing 737 Max in early 2019, have advised the carrier no... by DOMINIC GATES THE SEATTLE TIMES (TNS) - January 23, 2021

Mixed finish for U.S. stocks as global rally pauses Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week... by STAN CHOE, DAMIAN J. TROISE AND ALEX VEIGA THE ASSOCIATED PRESS - January 23, 2021

Covid efforts cut cold-remedy sales As Americans put social gatherings on hold to avoid contracting the coronavirus, they're catching fewer common colds, damping sales of the over-the-counter reme... by BLOOMBERG NEWS (WPNS) - January 23, 2021

Jobless rate slips, but stays near high The number of Americans seeking unemployment benefits fell by 26,000 last week to 900,000, still a historically high level that points to ongoing job cuts in a ... by Compiled by Democrat-Gazette Staff From Wire Reports - January 22, 2021

U.S. home construction jumps 5.8% in December U.S. home construction starts rose for a fourth-straight month in December to the best pace since late 2006 as builders responded to the robust demand for singl... by Compiled by Democrat-Gazette Staff From Wire Reports - January 22, 2021

Biden names women to steer FTC and FCC President Joe Biden on Thursday appointed Rebecca Kelly Slaughter as acting chairwoman of the Federal Trade Commission, a move that positions the Washington wa... by TONY ROMM THE WASHINGTON POST - January 22, 2021

Tech-stock surge lifts Nasdaq, S&P 500 to new highs U.S. stock indexes capped a day of choppy trading with a mixed finish Thursday, though solid gains by technology companies helped lift the S&P 500 and Nasdaq co... by STAN CHOE AND ALEX VEIGA THE ASSOCIATED PRESS - January 22, 2021

Biden fires Trump-appointed labor official The Biden administration fired the National Labor Relations Board's general counsel Wednesday night, breaking with precedent to end the tenure of a figure seen ... by ELI ROSENBERG AND REIS THEBAULT THE WASHINGTON POST - January 22, 2021

U.S. jobless claims decline to a still-high 900,000 Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a ra... by The Associated Press - January 21, 2021

U.S. pulls Keystone line's permit OOne of President Joe Biden's first acts upon taking office was to cancel the permit for the Keystone XL pipeline, the long-debated project to transport crude f... by Compiled by Democrat-Gazette Staff From Wire Reports - January 21, 2021

Religious business loan rule poses rift The U.S. Small Business Administration has proposed new rules that would permanently allow religious businesses to receive taxpayer-backed small business loans,... by AARON GREGG THE WASHINGTON POST - January 21, 2021

Biggest U.S. banks thrived in pandemic Record trading revenue helped make 2020 a far better year for the biggest U.S. banks than for most other industries, with the coronavirus pandemic ripping throu... by SHAHIEN NASIRIPOUR BLOOMBERG NEWS (TNS - January 21, 2021

Lockdowns help Netflix to 200 million subscribers Netflix ended its biggest year in company history with a bang, adding more customers than expected and saying it no longer needs to borrow money to build its en... by LUCAS SHAW BLOOMBERG NEWS (WPNS) - January 21, 2021