National Business News

Wall Street rebounds, ending 4-day losing streak Stocks on Wall Street shrugged off an early slide and closed higher Tuesday, halting the first four-day losing streak since the market was selling off in the ea... by The Associated Press - September 23, 2020

Ford, union in Canada reach deal DETROIT -- The union representing Canadian autoworkers said it has reached a tentative three-year contract deal with Ford to build five new electric vehicles at... by The Associated Press - September 23, 2020

Powell and Mnuchin voice optimism but back more economic aid Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pa... by The Associated Press - September 22, 2020

Wall Street steadies itself after 4-day losing streak Stocks are drifting higher on Wall Street Tuesday, steadying themselves a day after tumbling amid a raft of worries about the pandemic and governments' response... by The Associated Press - September 22, 2020

Bank stocks skid on illicit-funds report The financial sector was hit hard Monday after a report alleging that a number of banks, JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New ... by The Associated Press - September 22, 2020

Wall Street, global markets fall on economy worries NEW YORK -- Wall Street slumped Monday as markets tumbled worldwide on worries about the pandemic's economic pain, though the S&P 500 had pared its losses by th... by STAN CHOE, DAMIAN J. TROISE AND ALEX VEIGA THE ASSOCIATED PRESS - September 22, 2020

TikTok deal at risk over who would control app WASHINGTON -- A deal intended to address the Trump administration's concerns about TikTok's ties to China was complicated on Monday by a disagreement over wheth... by DAVID MCCABE, ANA SWANSON AND MICHAEL J. DE LA MERCED THE NEW YORK TIMES - September 22, 2020

Struggling Quibi said to weigh options Quibi, the short-video upstart founded by Hollywood heavyweight Jeffrey Katzenberg, is working with an adviser to consider its next steps after failing to meet ... by KELLY GILBLOM BLOOMBERG NEWS - September 22, 2020

Nikola head steps down amid fraud claims Less than two weeks after signing a $2 billion deal with General Motors Co., the founder of electric truck startup Nikola Corp. stepped down amid a claim that h... by ACK EWING AND NEAL E. BOUDETTE THE NEW YORK TIMES - September 22, 2020

Net worth data shows widening inequality WASHINGTON -- Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March.... by CHRISTOPHER RUGABER THE ASSOCIATED PRESS - September 22, 2020

Judge temporarily blocks Trump's WeChat ban WASHINGTON -- A federal judge has issued an injunction against President Donald Trump's executive order effectively banning the Chinese social media app WeChat ... by ANA SWANSON AND DAVID MCCABE THE NEW YORK TIMES - September 21, 2020

Jobless claims looking vastly overcounted Economic statistics were never designed to measure the sudden shutdown and restart of large segments of the U.S. economy. Still, if there is one question that t... by BEN CASSELMAN THE NEW YORK TIMES - September 20, 2020

Get strict on theft, grocery stores urge In 2003, Brian Beinlich stood before a judge in an Orange County courtroom, barely comprehending what had happened. by SUHAUNA HUSSAIN LOS ANGELES TIMES - September 20, 2020

Electric-bicycle firm races to catch up with demand The pandemic has been kind to Dutch electric-bicycle company VanMoof BV. by ELLEN PROPER BLOOMBERG NEWS - September 20, 2020

Oil and Gas Report The Arkansas Oil and Gas Commission last week issued one well completion but neither well completions nor drilling permits. By county, it was: September 20, 2020