Social media CEOs to face grilling from Republican senators
WASHINGTON (AP) — Less than a week before Election Day, the CEOs of Twitter, Facebook and Google are set to face a grilling by Republican senators who accuse the tech giants of anti-conservative bias.
T-Mobile offers up yet another TV streaming service
Yet another service provider is jumping into the TV streaming wars. This time it's T-Mobile and its TVision service with live news, entertainment and sports channels, starting at $10 a month.
As world goes online in pandemic, another mammoth chip deal
SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry.
Still hampered by virus, US casinos want aid in recovering
ATLANTIC CITY, N.J. (AP) — The U.S. casino industry is seeking tax and regulatory relief from the government as it tries to recover from the coronavirus outbreak, which cost states more than $2 billion in lost tax revenue while casinos were shut down for four months this year.
New protests loom as Europeans tire of virus restrictions
MILAN (AP) — Italy braced Tuesday for more nationwide protests against virus-fighting measures like regional curfews, evening shutdowns for restaurants and bars and the closures of gyms, swimming pools and theaters — a sign of growing discontent across Europe with renewed coronavirus restrictions.
BP reports 3Q earnings plunge amid falling demand
LONDON (AP) — BP plc says third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand. The London-based oil company said Tuesday that profits, excluding one-time items and changes in the value of inventories, dropped to $86 million from $2.25 billion in the same period last year.
Trump trade policy: 4 years of high drama. Limited results.
WASHINGTON (AP) — President Donald Trump spent four years upending seven decades of American trade policy. In what became his defining economic act, Trump launched a trade war with China.
Consumer confidence dips to 100.9 as virus spreads in US
SILVER SPRING, Md. (AP) — U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases appeared across the country.
September factory orders up 1.9%, economists see risks ahead
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well.
S&P CoreLogic Case-Shiller: US home prices up 5.2% in August
WASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the American housing market remains strong despite economic fallout from the coronavirus pandemic.
Here's why Ant Group is about to shatter IPO records
HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends.
Lilly stays confident in possible COVID drug after setback
INDIANAPOLIS (AP) — Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients.
Lithuania upset over soon-to-open Belarus nuke plant
VILNIUS, Lithuania (AP) — The Baltic nation of Lithuania sent a protest note Tuesday to Belarus over a planned nuclear power plant close to their border that is scheduled to start operating in early November.
As pandemic depresses demand, Caterpillar muscles through 3Q
Caterpillar’s sales fell 23% in the third quarter as the pandemic throttled demand for construction equipment and a trade war with China continues to create headwinds.
Greek navy minesweeper damaged after cargo ship collision
ATHENS, Greece (AP) — A Greek navy minesweeper and a Portuguese-flagged cargo ship collided Tuesday outside the country’s main port of Piraeus, leaving two navy crew slightly injured and prompting the evacuation of the severely damaged military vessel.
Dunkin' shares hit all-time high after holding buyout talks
The Dunkin’ doughnuts and coffee chain has confirmed it's held talks to be taken private by a private equity firm, sending its shares rocketing to an all-time high Monday.
Fed up: California restaurants seek booze, health fee refund
LOS ANGELES (AP) — California's financially battered restaurants filed government claims Monday to recover more than $100 million in fees for liquor and health permits and tourism charges that they say were assessed even though their businesses were shuttered or only partially operating under long-running coronavirus orders.
Muslims call for French goods boycott to protest caricatures
DUBAI, United Arab Emirates (AP) — Muslims in the Middle East and beyond on Monday broadened their calls for boycotts of French products and protests, as a clash over depictions of the Prophet Muhammad and the limits of free speech intensified.
As virus resurges, so does fear of more economic pain ahead
WASHINGTON (AP) — With winter looming and confirmed viral cases rising, Bob Szuter's craft brewery and restaurant in Columbus, Ohio, could use another government lifeline to help survive until spring.
Sept. new home sales fall 3.5%, after strong summer season
CHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market's hot summer buying season cooled.
'Babish' expands as pandemic boosts YouTube cooking shows
NEW YORK (AP) — Mac and cheese, 18th-century style. A seven-course meal using only ingredients from a convenience store. A meal that is literally on fire.
Chinese fintech could shatter records with $35B share offer
HONG KONG (AP) — The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records.
7 held for suspected tanker hijack after UK commando raid
LONDON (AP) — Seven stowaways seized when British naval special forces stormed an oil tanker in the English Channel have been arrested on suspicion of hijacking, police said Monday.
Turkish lira drops to record low over US sanction threat
ANKARA, Turkey (AP) — The Turkish currency slid further Monday to an all-time low against the U.S. dollar after President Recep Tayyip Erdogan challenged the United States to slap sanctions over his government’s decision to test its Russian-made air defense system.
Spokesman: China to sanction US arms suppliers to Taiwan
BEIJING (AP) — China's government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.'s defense unit and Lockheed Martin Corp.