Wall Street rallies again as stocks ride post-2020 election wave
Markets are banking on Tuesday's election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo.
Markets are banking on Tuesday's election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo.
751,000 seek unemployment benefits as pandemic hobbles US economy
The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.
The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.
McConnell promises COVID-19 stimulus as he maintains seat
Senate Majority Leader Mitch McConnell, R-Ky., promised that approval of a new coronavirus relief package by the end of the year can be reached as lawmakers are set to return to work following Tuesday’s elections.
Senate Majority Leader Mitch McConnell, R-Ky., promised that approval of a new coronavirus relief package by the end of the year can be reached as lawmakers are set to return to work following Tuesday’s elections.
Ford is recalling over 375K Explorers to fix suspension problem
More than 375,000 Explorer SUVS across the U.S. and Canada are being recalled by Ford.
More than 375,000 Explorer SUVS across the U.S. and Canada are being recalled by Ford.
Stocks shake off 2020 election night wobbles to rally
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.
Walmart lays off shelf-scanning robots for humans
Walmart is laying off the robots it had deployed in about 500 stores to keep tabs on what’s on and not on the shelves.
Walmart is laying off the robots it had deployed in about 500 stores to keep tabs on what’s on and not on the shelves.
Federal judge postpones Trump's TikTok ban in suit brought by users
A federal judge has postponed President Donald Trump's threatened shutdown of the popular short-form video app TikTok.
A federal judge has postponed President Donald Trump's threatened shutdown of the popular short-form video app TikTok.
City Tavern, an Old City staple, to close due to pandemic-related drop in business
City Tavern, a colonial-themed restaurant on the site of a 1773 tavern in Philadelphia's Old City has closed due to decreased business stemming from the coronavirus pandemic.
City Tavern, a colonial-themed restaurant on the site of a 1773 tavern in Philadelphia's Old City has closed due to decreased business stemming from the coronavirus pandemic.
Billions in COVID-19 business loans possibly given to scammers, report says
The Office of Small Business Administration (SBA) Inspector General Michael Ware found that it may have distributed billions of dollars to fraudulent businesses claiming financial distress due to the COVID-19 pandemic, according to a report.
The Office of Small Business Administration (SBA) Inspector General Michael Ware found that it may have distributed billions of dollars to fraudulent businesses claiming financial distress due to the COVID-19 pandemic, according to a report.
Cashing In: Experts say over 7M households do not have a bank acount
Financial expert Dan Roccato joins Good Day Weekend to discus a new report that found over 7M households do not have a bank account.
Financial expert Dan Roccato joins Good Day Weekend to discus a new report that found over 7M households do not have a bank account.
Sold! New York developer buys iconic San Francisco Transamerica Pyramid
A New York developer paid $650 million for the property, which also includes two nearby buildings on Sansome Street.
A New York developer paid $650 million for the property, which also includes two nearby buildings on Sansome Street.
From Janitor to Executive: Meet the creator of Flamin' Hot Cheetos
Richard Montanez, of Corona, started off as a janitor and ended up an executive. He recently retired from Pepsi Co. following a decades-long career after creating Flamin’ Hot Cheetos. So, how did he come up with the billion-dollar product? FOX 11’s Rita Garcia shares his inspiring story of success.
Richard Montanez, of Corona, started off as a janitor and ended up an executive. He recently retired from Pepsi Co. following a decades-long career after creating Flamin’ Hot Cheetos. So, how did he come up with the billion-dollar product? FOX 11’s Rita Garcia shares his inspiring story of success.
American unemployment claims fall to 751,000; coronavirus resurges
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
US economy grew at 33% rate in 3rd quarter but recovery is incomplete
The U.S. economy grew at a 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring.
The U.S. economy grew at a 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring.
Walt Disney World lays off 720 performers because of COVID-19
The performer layoffs come weeks after The Walt Disney Co. announced it was eliminating 28,000 jobs in its parks division in California and Florida.
The performer layoffs come weeks after The Walt Disney Co. announced it was eliminating 28,000 jobs in its parks division in California and Florida.
Second coronavirus stockpiling wave may be coming — and it goes beyond toilet paper, cleaning supplies
As winter encroaches, more than half of U.S. consumers are considering replenishing their assortment of goods and essential products that they had originally stockpiled during the onset of the coronavirus pandemic earlier this year, according to new research from data-driven technology-enabled services company Inmar Intelligence.
As winter encroaches, more than half of U.S. consumers are considering replenishing their assortment of goods and essential products that they had originally stockpiled during the onset of the coronavirus pandemic earlier this year, according to new research from data-driven technology-enabled services company Inmar Intelligence.
Chipotle now charges extra for tortilla on the side
The restaurant chain seems to have caught on to the fan-favorite hack, which means no more free extra tortillas on the side.
The restaurant chain seems to have caught on to the fan-favorite hack, which means no more free extra tortillas on the side.
U.S. casinos seek recovery aid, though still hampered by virus
The head of the gambling industry's national trade group says additional financial aid is needed for casinos and their workers.
The head of the gambling industry's national trade group says additional financial aid is needed for casinos and their workers.
Pelosi 'remains optimistic' about COVID-19 relief package before Election Day
Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.
Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.
Stocks plunge as COVID-19 cases surge in US
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.