Business News

November 19, 2020 - 8:07 pm
More than half of bankers surveyed in rural parts of 10 Plains and Western states are projecting a drop in holiday retail sales this year from last year as the coronavirus pandemic worsens across the country.
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November 19, 2020 - 3:41 pm
By CATHERINE THORBECKE, ABC News (SEATTLE) -- Starbucks will increase wages for the majority of its staff starting next month, the company confirmed to ABC News on Thursday. Beginning Dec. 14, all baristas, shift supervisors and cafe attendants hired on or before Sept. 14 will see a 10% pay...
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November 19, 2020 - 8:25 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- As the U.S. economy slowly recovers from the devastation brought on by the coronavirus pandemic, a new reality is setting in that many of the jobs lost over the past seven months may not be coming back any time soon. New research released Thursday by...
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November 19, 2020 - 7:39 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- Some 742,000 workers filed for unemployment insurance last week, an uptick of more than 30,000 compared to the previous week, the Department of Labor said Thursday. Weekly jobless claims have remained elevated for months. The rise in this week's...
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November 19, 2020 - 6:20 am
By JOEL LYONS, ABC News (NEW YORK) -- COVID-19 has upended life as we know it. In addition to causing widespread illness and death, it's affected the livelihoods of millions of Americans who now face unemployment or are struggling to keep their business afloat during the pandemic. Amid virtual...
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FILE - In this Sept. 30, 2020, file photo, a Boeing 737 Max jet, piloted by Federal Aviation Administration Chief Steve Dickson, prepares to land at Boeing Field following a test flight in Seattle. The FAA is poised to clear the Boeing 737 Max to fly again after grounding the jets for nearly two years due to a pair of disastrous crashes that killed 346 people. (AP Photo/Elaine Thompson, File)
November 18, 2020 - 2:43 pm
After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a “comprehensive and methodical” 20-month review process. Regulators...
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Justin Sullivan/Getty Images
November 18, 2020 - 1:06 pm
BY: LEIGHTON SCHNEIDER, ABC NEWS (NEW YORK) -- 28 companies from across the energy and transportation sectors, including Tesla, PG&E, and electric truck start-up Lordstown Motors, are teaming up to form the Zero Emission Transportation Association, or ZETA: a coalition that is aiming to have...
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November 18, 2020 - 12:30 pm
By CATHERINE THORBECKE, ABC News (CUPERTINO, Calif.) -- Apple announced Wednesday it was slashing the App Store commission it collects in half for smaller app developers that earn up to $1 million per year on its store. The move comes as the tech giant's App Store has come under fire in recent...
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This March 17, 2020 photo shows construction work done on a new home in Mebane, N.C. U.S. housing construction fell 5.1% in August after three months of strong gains as home builders mounted a rebound following a pandemic-induced shutdown in March and April. (AP Photo/Gerry Broome)
November 18, 2020 - 11:32 am
CHARLOTTE, N.C. (AP) — Home construction rose 4.9% in October as home building remains as one of the bright spots of the economy. The increase pushed home construction to a seasonally adjusted annual rate of 1.53 million homes and apartments and followed a more modest gain of 1.9% in September...
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November 18, 2020 - 10:35 am
By AARON KATERSKY, ABC News (NEW YORK) -- The National Rifle Association on Wednesday agreed to pay $2.5 million to resolve claims it violated New York insurance laws. The consent order follows a three-year investigation by the state’s Department of Financial Services. It requires the NRA to stop...
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