Business News

Tesla Surpasses Toyota As The Most Valuable…

Since the start of the year, Tesla shares have swelled 183%.

Germany to revamp financial oversight after…

Germany’s finance minister says he wants to revamp the oversight system for the country’s financial industry in the wake of the accounting scandal at payment systems provider Wirecard

Airbus To Cut 15,000 Jobs Over COVID-19 Pandemic

The company said the cuts will occur no later than the summer of 2021.

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The Latest: Pope praises UN efforts for worldwide…

Pope Francis is praising U.N. Security Council efforts for worldwide cease-fires to help tackle the coronavirus pandemic

FAA Approves Test Flights Of Boeing's Updated 737…

Global aviation regulators grounded the 737 Max back in March 2019 after two fatal crashes involving Boeing 737 Max 8s.

Australian Finance Minister Cormann to resign at end of year

One of Prime Minister Scott Morrison’s most senior Cabinet ministers says he is retiring from politics at the end of the year

U.S. Consumer Spending Increased At Record Pace…

With unemployment funds running out, the gains aren't expected to last.

Mexico's COVID deaths pass 30,000, world's 5th highest total

Mexico has topped 30,000 COVID-19 deaths, overtaking France as the country with the fifth-highest number of deaths since the pandemic began

U.S. Suspends Some Worker Visas Through End Of…

Tech and IT companies say they face skilled-worker shortages but critics say visas allow firms to undercut U.S. employees.

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Lucky Brand files for bankruptcy, has offer to sell company

Blue jeans retailer Lucky Brand is filing for bankruptcy protection and blaming its troubles partly on the coronavirus, which caused the temporary closure of its stores this spring

24 Hour Fitness Files For Bankruptcy

The national fitness chain will remain in business but will permanently close about 130 gyms across the U.S.

Kansas newspaper's post equates mask mandate with…

A weekly Kansas newspaper has posted a cartoon on its Facebook page likening the governor’s order requiring people to wear masks in public to the murder of millions of Jews during the Holocaust

Starbucks Reverses Decision To Ban Black Lives…

It will also send Starbucks-branded Black Lives Matter T-shirts to hundreds of thousands of employees.

New French prime minister to focus on saving factory jobs

France’s new prime minister says his government will focus on keeping manufacturing jobs and bringing others back to France from lower-wage countries as it tries to dig out of deep recession

Second wave of virus closures wallops California…

California restaurants are paying a heavy price during the coronavirus pandemic as indoor dining has been shut down for the second time across much of the state

May Jobs Gains Didn't Translate To Black Or Asian…

The Labor Department reported an overall increase in jobs, but the jobs benefitted White and Hispanic Americans the most.

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Bellagio error may be biggest sportsbook loss for Vegas

The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started

Ukraine's parliament accepts chief banker's resignation

Ukraine’s parliament has accepted the resignation of the country’s top banker, who has stepped down citing political pressure

Twitter, Square Declare Juneteenth An Official…

Juneteenth is a tradition in the Black community that commemorates the end of slavery in the U.S.