Trump bans dealings with Chinese owners of TikTok, WeChat
NEW YORK (AP) — President Donald Trump ordered a sweeping but vague ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, a move Chinese officials said was “political manipulation."
Asian shares skid amid virus woes, China-US trade tensions
TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China overshadowed optimism about more fiscal stimulus for the ailing U.S.
China's July exports rise despite coronavirus, US tariff war
BEIJING (AP) — China's exports rose by an unexpectedly strong 7.2% in July as the world's second-largest economy recovered from the coronavirus pandemic.
Herman Cain to be mourned at private funeral in Atlanta
ATLANTA (AP) — Herman Cain, the former Republican presidential candidate, businessman and close ally of President Donald Trump, will be mourned at a private funeral in Atlanta on Friday.
Congress urges Postal Service to undo changes slowing mail
WASHINGTON (AP) — Lawmakers from both parties are calling on the U.S. Postal Service to immediately reverse operational changes that are causing delays in deliveries across the country just as big volume increases are expected for mail-in election voting.
July US jobs report is expected to point to hiring slowdown
WASHINGTON (AP) — Just how severely has the resurgence of the coronavirus pummeled the U.S. economy? The jobs report for July being released Friday will provide the clearest answer yet.
Virus talks on brink of collapse, sides still 'far apart'
WASHINGTON (AP) — Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol Thursday night generated a wave of recriminations but little progress on the top issues confronting negotiators.
Capital One fined $80 million in data breach
WASHINGTON (AP) — The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders.
Trump targets Canada, reimposing tariffs on aluminum
WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pact with Canada and Mexico took effect.
Cadillac says new electric SUV has features to take on Tesla
DETROIT (AP) — We’ve seen this movie before, an electric vehicle from a mainstream automaker that will take away sales from market leader Tesla.
Fed's Main Street pandemic support program off to slow start
WASHINGTON (AP) — The Federal Reserve says that its Main Street Lending Program designed to help small and medium-sized companies get through the pandemic has managed to make just eight loans in its first month of operations.
Uber lost $1.8B in 2Q as riders stayed home and ordered in
NEW YORK (AP) — Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus.
US rescinds global 'do not travel' coronavirus warning
NEW YORK (AP) — The Trump administration on Thursday rescinded its warnings to Americans against all international travel because of the coronavirus pandemic, saying conditions no longer warrant a blanket worldwide alert.
Apple shines in pandemic with $2 trillion value on horizon
Early in 2020, Apple appeared to be caught in a horrible bind. The initial spread of the novel coronavirus shut down the factories in China that assemble its iPhones and also closed its retail stores in a country that ranks as the company's biggest market besides the U.S.
2 Keystone XL pipeline workers get virus, but work continues
BILLINGS, Mont, (AP) — Two people working on the Keystone XL oil pipeline have tested positive for the coronavirus in northern Montana, but the company said Thursday that construction work on the disputed project will continue after a temporary shut down of a pipe storage yard.
US average mortgage rates fall; 30-year loan at 2.88%
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this year.
1.2 million seek jobless aid after $600 federal check ends
WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
AAA: Partially automated driving systems don't always work
DETROIT (AP) — Two tests by AAA during the past two years show that partially automated driving systems don’t always function properly, so the auto club is recommending that car companies limit their use.
Joe Biden launches new national ad aimed at Black Americans
DETROIT (AP) — Joe Biden's Democratic presidential campaign has launched a new national ad focused on Black Americans, urging them to stand up to President Donald Trump the way their ancestors stood up to "violent racists of a generation ago."
Bank of England says economy will take time to heal
LONDON (AP) — The Bank of England predicted Thursday that the economic downturn in the U.K. economy might be less severe than it thought at the start of the COVID-19 pandemic - even as it warned it would take a longer time to heal the scars.
Obama's Medicaid expansion keeps gaining ground under Trump
WASHINGTON (AP) — President Donald Trump is still trying to overturn “Obamacare,” but his predecessor's health care law keeps gaining ground in places where it was once unwelcome.
Nintendo profit zooms as virus has homebodies playing games
TOKYO (AP) — Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games.
Lufhansa see revenues drop 80%, no full recovery until 2024
FRANKFURT, Germany (AP) — German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger traffic, and issued a sobering forecast for demand to not reach pre-virus levels before 2024.
Surge in German factory orders bolsters hope for recovery
BERLIN (AP) — German factory orders surged in June, according to figures released Thursday, giving hope that Europe's largest economy is on track for a recovery from declines suffered from the coronavirus pandemic lockdown earlier in the year.