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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Italy closes gyms, shuts eateries early amid rising COVID-19 cases

Italy’s leader has imposed at least a month of new restrictions to fight rising coronavirus infections, shutting down gyms, pools and movie theaters and putting an early curfew on cafes and restaurants.

Layaway plans are back with a modern, technological twist
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Financial expert Dan Roccato weighs in on how the new type of layaway works and also shows off some of the apps involved.

Unemployment claims fall to 787,000; layoffs still high

The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.

Quibi is shutting down, citing low subscriptions amid COVID-19 pandemic

A short six months after promising to revolutionize video viewing, short-form streaming service Quibi raised a white flag Wednesday and announced it was shutting down.