Job cuts announced by U.S. companies jump 54% in July: report

Washington DC, Aug 6, 2020 - U.S. employers announced another 262,649 job cuts in July as the COVID-19 pandemic continued to weigh on demand,...

White House, Congress face tough week of coronavirus aid talks

Washington DC, August 3, 2020 - Congressional Democrats and Trump administration officials faced increasing pressure to come up an agreement on coronavirus aid legislation...

Congressional Democrats, White House set for Saturday talks on coronavirus bill

Washington DC, August 1, 2020 - The top Democrats in Congress were to meet Saturday with two top Trump aides to try to reach...

Apple delivers blowout earnings, strong iPhone revenue despite COVID-19

Cupertino, July 30, 2020 - Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography...

Amazon posts biggest profit ever at height of pandemic in U.S.

Seattle, July 30, 2020 - Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business...

Facebook beats estimates for quarterly revenue, user growth

New York, July 30, 2020 - Facebook Inc beat analysts’ estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to...

Alphabet sales drop for first time on Google ad cutbacks in pandemic

OAKLAND, Calif./Bengaluru, July 30, 2020 - Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public...

At big tech hearing, non-denials speak louder than words

Washington DC, July 30, 2020 - At Wednesday’s hotly anticipated congressional hearing on Big Tech CEOs, much of what they said was predictable: We’re...

Fed’s Powell says coronavirus surge starting to weigh on economic recovery

Washington DC, July 29, 2020 - The surge in U.S. coronavirus cases and the restrictions aimed at containing it have begun to weigh on...

Facebook, Google absorb U.S. lawmakers’ jabs in rare Big Tech hearing

Washington DC, July 29, 2020 - Google and Facebook took the sharpest jabs for alleged abuse of their market power from Democrats and Republicans...