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First-time claims for unemployment benefits totaled 712,000 last week, compared with 787,000 a week earlier and the Dow Jones estimate of 780,000, the Labor Department reported. Continuing claims dropped sharply … Read More
Gap's fiscal third-quarter earnings fell short of estimates, despite sales gains at Old Navy and Athleta. The apparel retailer has been spending more on marketing in a bid to define … Read More
It's been a tough week for stocks. U.S. equities slid for a third straight day on Thursday as confusion around stimulus deal talks and rising coronavirus case counts overseas raised … Read More
Domino's U.S. same-store sales rose 17.5% during its third quarter as more consumers chose to order pizza during the coronavirus pandemic. But the pandemic also resulted in higher costs for … Read More
As some offices remain closed, corporations are looking at co-working spaces and even cafes and restaurants for employees. Staff working remotely are now used to saving time on their commutes … Read More
Delta is planning to continue limiting aircraft capacity through early January. The planes will fly 75% full starting in October, compared with 60% full currently. Delta and other airlines have … Read More
A former General Motors auto facility will continue building critical-care ventilators following the expected completion this month of a $489.4 million government contract. GM will lease the building on its … Read More
United says it plans to fly in September about 37% of what it operated a year earlier. The airline is remaining cautious about adding too many flights as demand is … Read More
Walmart said it's eliminating some corporate roles as it merges its online and store businesses in the U.S. The company said it would share more details after notifying employees. The … Read More
After gaining initially as a safe haven in the pandemic, the U.S. dollar is getting clobbered against global currencies as the virus spread continues in the U.S. and investors worry … Read More
Former Indian central bank governor Raghuram Rajan warned that the economic hit from the pandemic will be here for a long time even as markets this week cheered promising vaccine development … Read More
Investors turn their attention to earnings season in the week ahead, with Pepsico, Netflix and the major banks among the first to report. Earnings for the S&P 500 are expected … Read More
