Business News

US construction spending declines 0.7% in June

U.S. construction spending fell again in June, the fourth straight decline as the coronavirus outbreak continues to wreak havoc on the economy

US manufacturing improves in July, future clouded…

U.S. manufacturing showed further improvement in July with a key gauge of activity rising further into expansion territory

Clorox becomes 'it' brand in world sheltered in…

Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic

Ferrari lowers guidance after Q2 profits nearly wiped out

Italian sportscar maker Ferrari has lowered its full year earnings guidance after reporting second-quarter profits were nearly wiped out by temporary halts in production and delivery due to the coronavirus

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German laser tech company says gov't blocks exports to China

A German company that specializes in laser communication says it is pulling out of uncompleted transactions in China after the German government barred it from delivering hardware to the country

As US milk sales rise amid pandemic, "Got milk…

The dairy industry has a familiar question for you: “Got milk?”

Google buys $450M stake in ADT to give Nest a new…

Google is paying $450 million for a nearly 7% stake in longtime home and business security provider ADT Inc. It's a deal that will open new opportunities for one of the internet’s most powerful companies to extend the reach of its Nest cameras and voice-activated voice assistant

Outbreak hits Norway cruise ship, could spread…

A Norwegian cruise ship line has halted all trips and apologized for procedural errors after an outbreak of coronavirus on one ship infected at least 5 passengers and 36 crew members

Stocks rally worldwide, S&P 500 back to within 3…

Stocks closed broadly higher on Wall Street and around the world Monday following several encouraging reports on the economy

Retail rout gains pace, Lord & Taylor seeks…

Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos

HSBC says net profit plunged 96% as pandemic took…

Europe’s biggest bank, HSBC, has reported its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic stunted business activity

Asian shares mixed on US-China tensions, Wall…

Asian shares are mixed as investors eyeball surging coronavirus cases in the region

Progress slow on virus relief bill as…

Progress is coming slowly as lawmakers craft another major response to the coronavirus pandemic

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Microsoft confirms talks seeking to buy US arm of…

Microsoft is confirming that it is in talks with Chinese company ByteDance to acquire the U.S. arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship

SpaceX capsule and NASA crew make 1st splashdown…

Two NASA astronauts have returned to Earth in a dramatic, retro-style splashdown carried out by Elon Musk's SpaceX company

Debate begins for who's first in line for…

Who will be first in line for a COVID-19 vaccine

Siemens Healthineers to buy US cancer care firm Varian

Germany-based Siemens Healthineers says it will buy U.S. cancer therapy and research company Varian Medical Systems in a deal worth around $16.4 billion

Scientists study coronavirus outbreaks among…

Coronavirus outbreaks at mink breeding farms in Spain and the Netherlands have scientists digging into how the animals got infected and if they can spread it to people

Insider Q&A: Basecamp CTO David Heinemeier Hansson

David Heinemeier Hansson has made a name for himself as one of the tech industry’s more prominent iconoclasts and industry critics

Q&A: What would a US ban on Chinese-owned app TikTok mean?

President Donald Trump says he wants to take action as soon as Saturday to ban the popular Chinese-owned video app, TikTok, which has been a source of national security and censorship concerns

Health officials link US salmonella outbreak to red onions

Federal officials say an outbreak of salmonella infecting nearly 400 people in more than 30 states has been linked to red onions and identified a California company as the likely source

Financially struggling zoos could be latest…

Zoos and aquariums from Florida to Alaska are struggling financially because of closures due to the coronavirus pandemic

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States eager to expand broadband, wary of CARES…

Officials from states across the country who are hoping to expand broadband internet to underserved areas with federal money appropriated to respond to the COVID-19 pandemic are scrambling to finish the projects by the end of the year