Business News

Sergii Zyskо/iStock
July 24, 2020 - 6:37 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- For the millions of Americans pushed out of work by the COVID-19 crisis, revamped unemployment insurance has been a lifeline -- helping provide food and necessities while their places of business remain shuttered or downsized. The checks -- $600 a week...
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Anatoliy Sizov/iStock
July 24, 2020 - 6:14 am
By CATHERINE SANZ, ABC News (NEW YORK) -- TikTok has disabled two prominent hashtags associated with the QAnon conspiracy theory, ABC News has learned. The Chinese-owned video sharing app removed the ability to search for the hashtags mentioning the group's name and most popular slogan on July 23...
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FILE - Posters for upcoming movies are displayed in an empty corridor at the currently closed AMC Burbank Town Center 8 movie theaters complex on April 29, 2020, in Burbank, Calif. After several false starts, the film industry is hoping to bring new releases back into movie theaters in late August. But for blockbusters, it may mean rethinking opening weekend and returning to a more gradual rollout through international and U.S. territories. Gone for now are the days of massive global openings. And theater owners say if they don't get new films soon, they may not make it to 2021. (AP Photo/Chris Pizzello, File)
July 23, 2020 - 9:24 pm
NEW YORK (AP) — A long time ago in a pre-COVID universe far, far away, blockbusters opened around the globe simultaneously or nearly so. In 1975, “Jaws” set the blueprint. Concentrate marketing. Open wide. Pack them in. Since then, Hollywood has turned opening weekends into an all-out assault...
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ARCHIVO – En esta fotografía de archivo del 25 de marzo de 2020, varios jets de American Airlines permanecen inmóviles en una terminal del Aeropuerto Internacional Sky Harbor, en Phoenix. (AP Foto/Matt York, archivo)
July 23, 2020 - 4:13 pm
DALLAS (AP) — Two major airlines reported huge second-quarter losses Thursday, and their leaders warned that the new surge in U.S. coronavirus cases has stalled the recovery in air travel and added to their industry's disarray. American Airlines posted a loss of more than $2 billion, and Southwest...
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July 23, 2020 - 4:11 pm
BY: JACQUELINE LAUREAN YATES (MINNEAPOLIS) -- As someone who's worked in the health care space for more than 10 years, Hilal Ibrahim, 25, noticed a need for hospital-grade hijabs during these unprecedented times. Based on Ibrahim's personal experience, she understood the importance of designing a...
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July 23, 2020 - 3:59 pm
BY: CATHERINE THORBECKE (NEW YORK) -- As the end of the extra $600 a week in pandemic unemployment insurance looms large, some economists worry that the uncertainty over its extension alone could dampen consumer spending and prolong the recession. The additional $600 a week in unemployment...
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NicoPelon / Getty Images Plus
July 23, 2020 - 1:38 pm
Mail-in voting facing obstacles as emergency USPS memo sounds alarm
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July 23, 2020 - 10:32 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- Twitter revealed new details on the massive cyberattack the platform suffered last week, saying hackers were able to access the direct message inboxes of dozens of the compromised accounts. "We believe that for up to 36 of the 130 targeted accounts,...
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July 23, 2020 - 8:34 am
By ZOE MOORE, ABC News (NEW YORK) -- To mark National Lipstick Day on July 29, MAC Cosmetics is donating 100,000 lipsticks to health care workers. The lipsticks will be sent to 54 health care organizations across North America as a thank you to health care and front-line workers for their service...
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July 23, 2020 - 7:41 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- Another 1.4 million U.S. workers filed for unemployment insurance last week, the Labor Department said Thursday. This marks the 18th straight week that weekly jobless claims surpassed one million. It also is an increase from last week's 1.3 million...
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