National Business News

Fed's recovery concern shifts to small firms The Federal Reserve's next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles' heel ... by Craig Torres Bloomberg News - May 31, 2020

In pandemic, sporting goods business hit-and-miss Brian Morris faced a difficult scenario when the coronavirus pandemic started leading to shutdowns across the nation. by The Associated Press - May 31, 2020

Redlining battle comes to an end Joseph Otting came into his job overseeing the nation's biggest banks in late 2017 determined to rewrite the rules governing how financial institutions invest i... by Emily Flitter and Jeanna Smialek The New York Times - May 31, 2020

Drone drops medical supplies from sky With a loud whir and a whoosh, a fixed-wing drone slingshots out of a medical warehouse, zips through hazy skies at 80 mph, pops open a belly hatch and drops a ... by MARTHA MENDOZA THE ASSOCIATED PRESS - May 31, 2020

Texas barber shop chain reopening Finley's Barber Shop co-owner Darren Peterson said his worst nightmare came true when the coronavirus began spreading across Texas and the nation. by TERI WEBSTER The Dallas Morning News (TNS) - May 31, 2020

Summer camps facing extinction as kids forced to stay away For weeks each summer, some lucky American children get to enjoy activities such as canoeing, swimming and lanyard-crafting, making new friends by day while ret... by Arianne Cohen Bloomberg News - May 31, 2020

Consumer spending slumps by most ever U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy... by Compiled by Democrat-Gazette staff from wire reports - May 30, 2020

Virus imperils farmworkers, harvest One farm in Tennessee distributed covid-19 tests to all its workers after an employee came down with the virus. It turned out that every single one of its rough... by Mike Dorning and Jen Skerritt Bloomberg News - May 30, 2020

New Fed lending program starting Federal Reserve Chairman Jerome Powell acknowledged Friday that the Fed faces a major challenge with a program that will lend to companies other than banks for ... by CHRISTOPHER RUGABER THE ASSOCIATED PRESS - May 30, 2020

Funeral homes thriving? Anything but It's one of the strange new realities of this deadly pandemic: The funeral industry, of all things, is getting crushed. by Jef Feeley Bloomberg News - May 30, 2020

Late-day S&P 500 rally tops off 4.5% gain for May Stocks closed out a solid week Friday with a late-afternoon rebound after worries that President Donald Trump would reignite a costly trade war with China faded... by ALEX VEIGA and DAMIAN J. TROISE THE ASSOCIATED PRESS - May 30, 2020

More pigs being euthanized Meatpacking plants that had to briefly close due to coronavirus outbreaks have been back up and running for weeks, but production backlogs are forcing farmers t... by DAVID PITT The Associated Press - May 30, 2020

Sports, online betting set to grow The coronavirus pandemic is creating a favorable environment for a quicker expansion of sports betting and internet gambling in the U.S. as states deal with hu... by WAYNE PARRY The Associated Press - May 30, 2020

Nordstrom's sales tumble 40% in 1Q Nordstrom insists it is well-positioned moving forward despite reporting a 40% drop in first-quarter sales and a loss of more than half a billion dollars in a c... by Geoff Baker The Seattle Times - May 30, 2020

Growers tout Georgia peach crop Georgia's peach crop survived temperature swings in the winter and spring, oriental fruit moths and the threat that the coronavirus would slow the arrival of mi... by COX NEWS SERVICE - May 30, 2020