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FILE - In this March 30, 2020 file photo, bicyclists pass in front of a closed Macy's department store in Santa Ana, Calif.  The future of the post-pandemic retail economy in the U.S. looks boxy and digital. The pandemic has divided potential winners and losers from the economic shock, with Wall Street looking more favorably at e-commerce retailers and companies with well-established online sales.  (AP Photo/Chris Carlson, File)

Target, Walmart outbox department stores in reshaped world

May. 28, 2020 11:50 AM EDT

NEW YORK (AP) — The future of the post-pandemic retail economy in the U.S. looks both boxy and digital. The pandemic is dividing the industry into potential winners and losers, with Wall Street looking more favorably at e-commerce retailers and companies with well-established online sales. That means...

AT&T, Walt Disney rise; Twitter, Amazon fall

May. 27, 2020 4:19 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Amazon.com Inc., down $11.47 to $2,410.39. The e-commerce giant is considering buying self-driving car technology company Zoox, according to media reports. AT&T Inc., up $1.03 to $31.85. The telecommunication and media...

FILE In this April 21, 2020 file photo, a pumpjack is pictured as the sun sets in Oklahoma City.  Google says it won’t build custom artificial intelligence tools for speeding up oil and gas extraction, taking an environmental stance that distinguishes it from cloud computing rivals Microsoft and Amazon.  The announcement followed a Greenpeace report on Tuesday, May 19,  that documents how the three tech giants are using AI and computing power to help oil companies find and access oil and gas deposits in the U.S. and around the world. (AP Photo/Sue Ogrocki File)

Google says it won't build AI tools for oil and gas drillers

May. 19, 2020 2:07 PM EDT

Google says it will no longer build custom artificial intelligence tools for speeding up oil and gas extraction, separating itself from cloud computing rivals Microsoft and Amazon. A statement from the company Tuesday followed a Greenpeace report that documents how the three tech giants are using AI and...

In this Wednesday, May 6, 2020, photo, Postmistress Donna DeWitt carries mail at the tiny post office on Isle Au Haut, Maine. The post office serves the 70 or so year-round island residents. (AP Photo/Robert F. Bukaty)

Post offices, beloved community hubs, fight virus-era threat

May. 17, 2020 11:09 PM EDT

PHILADELPHIA (AP) — For some of the 2,000 or so year-round residents of Deer Isle, Maine, the fraying American flag outside the post office this spring was a reminder of the nation’s mood. The flag was in tatters. It twisted in the wind from a single hook. But it was stuck in the up position, so the...

In this Wednesday, May 6, 2020, photo, Postmistress Donna DeWitt carries mail at the tiny post office on Isle Au Haut, Maine. The post office serves the 70 or so year-round island residents. (AP Photo/Robert F. Bukaty)

Post offices, beloved community hubs, fight virus-era threat

May. 17, 2020 3:02 PM EDT

PHILADELPHIA (AP) — For some of the 2,000 or so year-round residents of Deer Isle, Maine, the fraying American flag outside the post office this spring was a reminder of the nation’s mood. The flag was in tatters. It twisted in the wind from a single hook. But it was stuck in the up position, so...

A United States Postal worker makes a delivery with gloves and a mask in Philadelphia, Thursday, April 2, 2020. The U.S. Postal Service is keeping post offices open but ensuring customers stay at least 6 feet (2 meters) apart. The agency said it is following guidance from public health experts, although there is no indication that the new coronavirus COVID-19 is being spread through the mail. (AP Photo/Matt Rourke)

House rescue package includes $25 billion for Postal Service

May. 12, 2020 4:29 PM EDT

WASHINGTON (AP) — A new coronavirus aid package released Tuesday by House Democrats includes $25 billion for the cash-strapped U.S. Postal Service, which could run out of money by the end of September without a taxpayer bailout. Mail volume is down by more than 30% from last year because of the pandemic,...

FILE- In this June 19, 2019 file photo, Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential Library in Boston. House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices. In a letter to Bezos, leaders of the House Judiciary Committee are holding out the threat of a subpoena if he doesn't agree voluntarily to appear. (AP Photo/Charles Krupa)

House panel wants Bezos to testify in antitrust probe

May. 1, 2020 5:54 PM EDT

WASHINGTON (AP) — House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices. In a letter to Bezos on Friday, leaders of the House Judiciary Committee from both parties are...

Amazon, Exxon Mobil fall; Clorox, Moderna rise

May. 1, 2020 4:26 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Amazon.com Inc., down $187.96 to $2,286.04. The internet retail giant reported disappointing first-quarter profit because of higher costs related to a surge in demand. Western Digital Corp., down $5.60 to $40.48. The maker of...

A person wearing a mask jogs past an Amazon Go store, Thursday, April 30, 2020, in downtown Seattle. Amazon.com is expected to announce earnings for the first quarter of 2020 at the close of markets Thursday, a report that is expected to be closely watched due to the effects of the coronavirus outbreak on the company. (AP Photo/Ted S. Warren)

Amazon profit falls as pandemic-related costs rise

Apr. 30, 2020 7:14 PM EDT

NEW YORK (AP) — Amazon’s sales soared in the first three months of the year, as more home-bound people shopped online amid the coronavirus pandemic. But getting millions of packages to shopper’s doorsteps is expensive. The rising costs pushed Amazon’s first-quarter profit down 29% and...

FILE - In this Dec. 17, 2019, file photo, Amazon packages move along a conveyor at an Amazon warehouse facility in Goodyear, Ariz. Amazon will report quarterly earnings on Thursday, APril 30, 2020, providing a first glimpse into its financial performance during the pandemic.  (AP Photo/Ross D. Franklin, File)

Pandemic brings fortunes to Amazon - and headaches too

Apr. 30, 2020 5:52 PM EDT

Amazon has spent years honing the business of packing, shipping and delivering millions of products to doorsteps around the world. Now it has a captive audience. With much of the globe in various stages of a lockdown because of the coronavirus pandemic, the world's largest online retailer has become a lifeline to...