Business News

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October 06, 2020 - 9:27 am
By JACQELINE LAUREAN YATES, ABC News (NEW YORK) -- Banana Republic made a tribute to Ruth Bader Ginsburg by re-releasing her iconic "dissent collar" necklace two weeks after her death at age 87 due to complications from metastic pancreatic cancer. The fashion retailer announced Friday that the...
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October 06, 2020 - 5:50 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Sale season is off to an early start, and big-box retailers such as Walmart have continued to announce huge deals on products and services. The retailer is rolling out its Big Save event ahead of the holiday season on Sunday, Oct. 11 at 7 p.m. EST...
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October 05, 2020 - 12:46 pm
By AARON KATERSKY, ABC News (NEW YORK) -- Eric Trump, the president's son, is being deposed Monday about the Trump Organization, for which he serves as an executive. Investigators with the New York attorney general's office are deposing Trump as part of an investigation into whether President...
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October 05, 2020 - 12:32 pm
By CATHERINE THORBECKE, ABC News (NEW YORK) -- Regal, the second-largest cinema chain in the U.S., announced Monday it will temporarily be closing all theaters as the COVID-19 pandemic rages on and continues to clobber the movie theater industry. The announcement comes just months after the chain...
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October 05, 2020 - 10:29 am
By CATHERINE THORBECKE, ABC News (VATICAN CITY) -- Pope Francis blasted trickle-down economic policies on Sunday, raising alarm over the growing global inequality crisis that has been exacerbated by the coronavirus pandemic. "The marketplace, by itself, cannot resolve every problem, however much we...
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October 02, 2020 - 6:51 pm
By CATHERINE THORBECKE, ABC News (NEW YORK) -- The Dow Jones Industrial Average on Friday closed down 134 points, or 0.48%, erasing earlier gains in the volatile session. U.S. markets had opened lower following news that President Donald Trump tested positive for COVID-19. The S&P 500 ended the...
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October 02, 2020 - 6:48 pm
By JACQUELINE LAUREAN YATES, GMA (NEW YORK) -- H&M plans to close 250 stores next year as they struggle with sales during the coronavirus pandemic. The Swedish fashion retailer announced on Thursday that it plans to close hundreds of brick-and-mortar stores as a result of the ongoing COVID-19...
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October 02, 2020 - 8:52 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- The Dow Jones Industrial Average slid by more than 300 points, or 1.2%, when U.S. markets opened Friday following news that President Donald Trump has tested positive for COVID-19. The S&P 500 dropped by approximately 1% and the Nasdaq was down 1...
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KNSS News
October 02, 2020 - 8:16 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- Employers added 661,000 jobs in September, pushing the unemployment rate down to 7.9% from 8.4%, the U.S. Bureau of Labor Statistics said in its latest employment report. Friday's jobs report is the last one before the November presidential election...
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Kris Tripplaar
Kris Tripplaar
KNSS News
October 01, 2020 - 3:09 pm
Due to the downturn in the commercial aviation market caused by the global pandemic and the effect on business from the grounding of the 737 MAX, Spirit AeroSystems now has an excess of production capacity across their global operations, according to a media release.
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