Business News

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July 09, 2020 - 3:14 pm
(SEATTLE) -- BY: KELLY MCCARTHY, ABC News As cafes, restaurants and businesses continue to navigate the throes of the pandemic under guidance from top health officials, Starbucks announced that all customers will soon be required to wear masks at all of its U.S. locations. The Seattle-based coffee...
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Kansas State Fair
Kansas State Fair
KNSS News
July 09, 2020 - 2:11 pm
Will there be a Kansas State Fair this year in Hutchinson?
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Michael Brochstein/SOPA Images/LightRocket via Getty Images
July 09, 2020 - 12:48 pm
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- In an effort toward creating more retail shelf space for Black-owned brands in stores, Aurora James, a fashion designer and the founder of Brother Vellies, created the "15% pledge" -- which calls on major retailers to commit a minimum of 15% of...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term. (AP Photo/Mark Lennihan, File)
KNSS News
July 09, 2020 - 9:28 am
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across the...
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July 09, 2020 - 8:16 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- Another 1.3 million U.S. workers filed for unemployment insurance last week, the Department of Labor said Thursday. While the new jobless claims have leveled off some since peaking at 6.9 million in late March, they remain at historically high levels...
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Pineapple Studio/iStock
July 09, 2020 - 5:49 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- After a years-long battle, the Consumer Financial Protection Bureau has rolled back a series of proposed limitations to payday loans in a move advocacy groups call a "grave error" that could potentially trap vulnerable people in debt. The CFPB...
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iStock/YakobchukOlena
July 08, 2020 - 4:55 pm
(NEW YORK) -- BY: AMANDA MAILE, MINA KAJI, and SAM SWEENEY, ABC News United Airlines is preparing to furlough up to 36,000 employees -- as much as 45% of its front-line U.S.-based workers -- as the coronavirus pandemic ravages the airline industry. United Airlines said almost half of its U.S.-based...
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FILE - In this March 25, 2020 file photo, United Airlines planes are parked at George Bush Intercontinental Airport in Houston. United Airlines will send layoff warnings to 36,000 employees - nearly half its U.S. staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry. United officials said Wednesday, July 8 that they still hope to limit the number of layoffs by offering early retirement, but they have to send notices this month to comply with a law requiring that workers get 60 days' notice ahead of mass job cuts. (AP Photo/David J. Phillip, File)
KNSS News
July 08, 2020 - 1:49 pm
United Airlines is warning 36,000 employees - nearly half its U.S. staff - they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry. The outlook for a recovery in air travel has dimmed in just the past two weeks, as infection...
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July 08, 2020 - 10:45 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- H&M is planning to close 170 stores worldwide after experiencing a drop in sales amid the coronavirus pandemic. After many of the fashion retailer's stores were forced to close due to mandated shutdowns, the company has experienced a 50% drop...
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Wachiwit/iStock
July 08, 2020 - 10:31 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- Facebook released the results of its two-year independent civil rights audit on Wednesday, which revealed the platform "has a long road ahead on its civil rights journey." The nearly 90-page audit, led by civil rights expert Laura W. Murphy and Megan...
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