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Unveiling economic team, Biden pledges, 'Help is on the way'

WILMINGTON, Del. (AP) — President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic, declaring, "I know times are tough, but I want you to know that help...

 

Mnuchin defends shut down of Fed emergency loan programs

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging. Democrats were unconvinced, however, saying that Mnuchin's...

 

Black Friday sees record online as US shoppers stay home

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on U.S. retail websites on Black Friday, according to Adobe Analytics, which tracks...

 

Teladoc eyes several new phases of growth for telemedicine

Fresh off a big acquisition and riding a wave of customer growth, Teladoc Health is ready to do more for patients. CEO Jason Gorevic said the telemedicine provider can play a big role in helping people manage high blood pressure, diabetes or other...

 

Zoom reports big 3Q gains, but slowing growth sinks stock

SAN RAMON, Calif. (AP) — Zoom's videoconferencing service remains a fixture in pandemic life, but its breakneck growth is showing signs of tapering off as investors debate whether the company will be able to build upon its recent success after a...

 

This holiday season, everyone is shopping from home

NEW YORK (AP) — The viral pandemic is accelerating a transformation of America's holiday shopping season. Few people showed up at the mall this weekend, with millions of pandemic-wary shoppers staying home to shop online. The result? Overall holida...

 

Many turn to real Christmas trees as bright spot amid virus

PORTLAND, Ore. (AP) — Ani Sirois, a respiratory nurse, has spent months caring for coronavirus patients at a Portland, Oregon, hospital, and she's only getting busier as infections — and hospitalizations — surge before the holidays. But on a...

 

Virus keeps Black Friday crowds thin, shoppers shift online

NEW YORK (AP) — The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a beacon of hope for struggling retailers after months of slumping sales and businesses...

 

Family of jailed oil exec asks for Venezuelan leader's mercy

CARACAS, Venezuela (AP) — The family of a Houston-based Citgo oil executive convicted and ordered to prison in Venezuela alongside five others appealed directly to President Nicolás Maduro on Friday for mercy. In an open letter, relatives of...

 

Stocks rise on Wall Street as S&P 500 hits record high

NEW YORK (AP) — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy. The benchmark index rose 8.70 points, or 0.2%, led by gains in technology co...

 

Restaurant workers out of work again as virus surges anew

Waiters and bartenders are being thrown out of work — again — as governors and local officials shut down indoor dining and drinking establishments to combat the nationwide surge in coronavirus infections that is overwhelming hospitals and dashing...

 

El Paso County to put in place curfew to help stop virus

EL PASO, Texas (AP) — The top elected official for El Paso County, Texas, plans to put in place a new curfew to help combat the spread of the coronavirus, which is overrunning the border area's hospitals and funeral homes. County Judge Ricardo...

 

US jobless claims rise to 778,000 as pandemic worsens

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks. The Labor De...

 

Analysis: Biden prioritizes experience with Cabinet picks

NEW YORK (AP) — Competence is making a comeback. President-elect Joe Biden has prized staying power over star power when making his first wave of Cabinet picks and choices for White House staff, with a premium placed on government experience and pr...

 

Retailers brace as virus bears down on consumers and economy

WASHINGTON (AP) — LaTonya Story is every retailer's worst fear. With the viral pandemic re-surging through the country and the economy under threat, Story has decided to slash her holiday shopping budget. She'll spend less than $2,000 this season,...

 

Forest Service allows Christmas tree cutting with permit

RUTLAND, Vt. (AP) — Vermonters who want to cut down their own Christmas trees can do so in the Green Mountain National Forest with a $5 permit. Permits will be available to buy online with a $2.50 service fee or in-person at a Green Mountain...

 

Walmart Lights Up the Sky with All-New Holiday Drone Light Show

BENTONVILLE, Ark.--(BUSINESS WIRE)--Nov 23, 2020-- This year's holiday season feels like it needs more than the standard set of lights. Instead, think drones. To help families end the year looking up, Walmart is gifting the "Walmart Holiday Drone...

 

Biden wants Congress to pass emergency COVID aid this year

WILMINGTON, Del. (AP) — President-elect Joe Biden is calling on Congress to enact billions of dollars in emergency COVID-19 assistance before the year's end, according to a senior aide who warned Friday that "there's no more room for delay." Biden...

 

Mnuchin denies trying to hinder incoming administration

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve....

 

Wall Street slips amid worries about worsening pandemic

Stocks ended an up-and-down week on a down note on Wall Street Friday, taking 0.7% off the S&P 500. The benchmark index logged its first weekly loss so far this month. Worries about the worsening pandemic and the restrictions it's bringing are outwei...

 

Toilet paper limits, empty shelves are back as virus surges

NEW YORK (AP) — Looking for toilet paper? Good luck. A surge of new coronavirus cases in the U.S. is sending people back to stores to stockpile again, leaving shelves bare and forcing retailers to put limits on purchases. Walmart said Tuesday it's...

 

States plead for more federal help as virus outbreak worsens

With more shutdowns looming and a vaccine months away from wide distribution, governors across the U.S. are pleading for more help from Washington ahead of what is shaping up to be a bleak winter. Renewed restrictions on indoor businesses,...

 

Michigan suburb builds heated areas for businesses in winter

NORTHVILLE, Mich. (AP) — A Detroit suburb has partnered with a business owner to build heated stands and pods to help restaurants and shops get through the winter amid the coronavirus pandemic. The Northville Downtown Development Authority and...

 

Value of West Texas oil lands plunging amid virus pandemic

HOUSTON (AP) — The value of oil fields in West Texas have plummeted due to the coronavirus pandemic, which has caused the demand for crude to go down. Eli Huffman, a land broker and attorney at Houston-based Lone Star Production Co., said he has...

 

Home Depot reunites with HD Supply in deal valued at $8B

Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion. The acquisition will give Home Depot a stronger hand in the contractor and professional side of its business, which is booming during...

 

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