Latest Business News

FILE - In this Sunday, July 12, 2020, file photo, a man lies on the beach amid the coronavirus pandemic in Santa Monica, Calif. California faces a heat wave Friday, Aug. 14, 2020, that could bring dangerously high temperatures throughout the state, along with the threat of wildfires and spreading coronavirus infections as people flock to beaches and recreation areas. (AP Photo/Marcio Jose Sanchez, File)

California heat spurs first rolling power outages since 2011

Aug. 14, 2020 11:16 PM EDT

LOS ANGELES (AP) — California on Friday ordered rolling power outages for the first time since 2011 as a statewide heat wave strained its electrical system. The California Independent System Operator, which manages the power grid, declared an emergency shortly after 6:30 p.m. and directed utilities around...

A woman wearing a protective mask to help curb the spread of the coronavirus cools down under a cooling mist spot at in Asakusa district Friday, Aug. 14, 2020, in Tokyo. The Japanese capital confirmed more than 380 coronavirus cases on Friday. (AP Photo/Eugene Hoshiko)

Asia Today: S. Korea's cases jump again, lower in Victoria

Aug. 14, 2020 10:52 PM EDT

SEOUL, South Korea (AP) — SEOUL, South Korea -- South Korea has reported 166 newly confirmed case of the coronavirus, it’s highest daily jump in five months, as health authorities fear transmissions are getting out of control in the greater capital area that’s home to half of the...

Public officials disinfect a church as a precaution against the coronavirus in Seoul, South Korea, Friday, Aug. 14, 2020. South Korea reported over 100 new virus cases Friday, one of its biggest daily jumps in months, as officials express concerned that infections are getting out of control in cities as people increasingly venture out in public. (Han Jong-chan/Yonhap via AP)

The Latest: S Korea fears infections getting out of control

Aug. 14, 2020 10:14 PM EDT

SEOUL, South Korea — New coronavirus cases in South Korea have reached the highest level in five months, and authorities fear infections are getting out of control in the Seoul region, which is home to half the country’s 51 million people. Officials reported 166 newly confirmed cases Saturday. That...

President Donald Trump walks over to speak with the press after arriving on Air Force One at Morristown Municipal Airport in Morristown, N.J., Friday, Aug. 14, 2020. Trump heading to New York to visit with his younger brother, Robert Trump, who has been hospitalized in New York. (AP Photo/Susan Walsh)

Trump orders Chinese owner of TikTok to sell US assets

Aug. 14, 2020 9:18 PM EDT

WASHINGTON (AP) — President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States. Trump’s executive order said there is “credible evidence that leads me to believe that ByteDance …...

Gino Ferraro poses for a picture at Ferraro's Italian Restaurant & Wine Bar Tuesday, Aug. 11, 2020. Ferraro is one of many local restaurant and small business owners suffering business loss due to the coronavirus pandemic. (Steve Marcus / Las Vegas Sun via AP)

Vegas eateries struggling to survive coronavirus, owners say

Aug. 14, 2020 7:57 PM EDT

LAS VEGAS (AP) — When Gino Ferraro opened a restaurant in Las Vegas about 35 years ago, he worked grueling hours with little help to get the fledgling business off the ground. Now, after cutting back on staff to make up for lost business from the coronavirus pandemic, he finds Ferraro’s Italian...

Hawaii governor seeking details on Trump's unemployment plan

Aug. 14, 2020 7:40 PM EDT

HONOLULU (AP) — Hawaii Gov. David Ige said he is working to find out whether the federal government would fully pay for $300 in weekly supplemental unemployment benefits President Donald Trump announced under an executive order last weekend or whether the state would wind up having to foot the bill if it...

FILE - In this Wednesday, Dec. 4, 2019, file photo, U.S. President Donald Trump, left, and Canadian Prime Minister Justin Trudeau arrive for a round table meeting during a NATO leaders meeting at The Grove hotel and resort in Watford, Hertfordshire, England. A little more than a month after Trump’s U.S.-Mexico-Canada Agreement took effect July 1, 2020, the Trump administration is scheduled to re-impose a 10% import tax on Canadian aluminum Sunday, Aug. 16, raising tensions between the two allies. (AP Photo/Evan Vucci, File)

After brief trade truce, US slaps levy on Canadian aluminum

Aug. 14, 2020 6:54 PM EDT

WASHINGTON (AP) — After more than two years of browbeating and trade sanctions on Canada and Mexico, President Donald Trump strong-armed the United States’ neighbors into agreeing to supplant a 25-year-old North American trade agreement with one of his own. His pact, meant to update the old deal and...

New Mexico retirement board to study investment policies

Aug. 14, 2020 6:29 PM EDT

ALBUQUERQUE, N.M. (AP) — Policies that guide pension investments for New Mexico teachers and other educational retirees would have to change if the Educational Retirement Board wants to divest in private prison companies or other individual stocks it disapproves of for social reasons, legal and fiscal...

FILE - In this July 21, 2020 file photo, people walk by the New York Stock Exchange.  Stocks are drifting in early Friday, Aug. 14, trading on Wall Street after a report showed that sales for U.S retailers strengthened again last month, but by less than economists expected. (AP Photo/Mark Lennihan, File)

Stocks barely budge on Wall Street; S&P 500 just shy of high

Aug. 14, 2020 5:05 PM EDT

NEW YORK (AP) — Stock indexes barely budged on Wall Street Friday, leaving the S&P 500 just shy of its record once again. The S&P 500 edged down 0.58, or less than 0.1%, to 3,372.85 after drifting between small gains and losses throughout the day. They’re the latest meandering moves for the...

How major US stock indexes fared Friday

Aug. 14, 2020 4:41 PM EDT

Wall Street ended Friday more or less where it started after a day of drifting between small gains and losses for major stock indexes. The market was nearly evenly split between rising and falling stocks after a report showed that sales for U.S retailers strengthened again last month, but by less than economists...