Business

The Dow Jones Industrial Average lost more than 2% by the close of trade Friday, closing out the worst week for the index since October....Read More

U.S. consumer spending in December decreased for the second straight month, but at a smaller rate than the previous month, the Commerce Department said in its monthly report Friday....Read More

The Robinhood stock trading app raised $1 billion in capital from investors overnight on Thursday, a day after it shut down transactions for GameStop stock and other shares out of concern for market volatility....Read More

An oversight board composed of experts outside Facebook announced Thursday its first rulings on the company’s removal of posts, reversing the social media company’s decisions in four of five cases....Read More

The Dow Jones Industrial Average gained 300 points Thursday as U.S. markets rebounded from losses after brokerage firms took steps to restrict an influx of transactions of GameStop and other heavily shorted stocks....Read More

There could be more than 10,000 retail stores that close in the United States this year, directly attributed to the COVID-19 pandemic, an industry analytical group said in an outlook on Thursday....Read More

The U.S. economy declined by nearly 4% for all of 2020, according to government figures on Thursday — the worst single-year performance since the end of World War II....Read More

Walgreens Boots Alliance on Wednesday appointed Rosalind Brewer, the former chief operating officer of Starbucks, as its new chief executive officer....Read More

The Dow Jones Industrial Average had its worst day since October and the S&P 500 erased its gains for the year amid pessimism from the Federal Reserve and concern over speculative trading of GameStop and AMC...

Planemaker Boeing said Wednesday it saw a significant decline in revenue over the last three months of 2020 — and a total net loss for the year close to $12 billion, a record....Read More