Category Archives: CNN – Business

Stocks fall as investors grapple with Fed’s recovery timeline

Stocks fall as investors grapple with Fed’s recovery timeline

Wall Street was struggling on Thursday, torn between improving economic data and a Federal Reserve that said the path to recovery would be very long. Stocks took a nosedive at the opening bell and fought back from their lows, before finding themselves deep in the red again around midday. The Dow, which even briefly turned…MORE

After 36 years, Papa John’s moves some operations out of its hometown

After 36 years, Papa John’s moves some operations out of its hometown

Papa John’s is moving much of its operation from Louisville, Kentucky, to a new global headquarters to Atlanta. The pizza chain hasn’t picked the specific location for its Atlanta office yet, but it’s expected to complete the selection process by the end of the year, according to a press release. “We’re thrilled to open a…MORE

Ford to build new electric F-150 at historic Dearborn site

Ford to build new electric F-150 at historic Dearborn site

Ford announced plans Thursday for a new plant to build the electric version of its bestselling vehicle, the F-150 pickup. The plant will be located in Ford’s massive Rouge complex, the company’s historic factory site in Dearborn, Michigan, just south of Detroit. The new building will be a gleaming structure of glass and steel, a…MORE

Small stocks may thrive in 2021 — no matter who wins the election

Small stocks may thrive in 2021 — no matter who wins the election

The stock market is, to put it mildly, having a strange year. The S&P 500, a market cap weighted index heavily influenced by the FAANGs, is up nearly 4% in 2020 while the tech-laden Nasdaq has soared more than 20%. But the Russell 2000, the index that is home to America’s small cap public companies,…MORE

Why are stocks dropping? Hint: It involves Jerome Powell

The Federal Reserve has pledged to keep interest rates near rock bottom for a long time to come. But a hazy outlook for an economy deeply scarred by the pandemic is still worrying investors, pushing US stock futures down sharply on Thursday. What’s happening: The Fed indicated on Wednesday that it would hold rates at…MORE

Another 860,000 Americans filed for unemployment benefits last week

Another 860,000 Americans filed for unemployment benefits last week

Another 860,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Department of Labor reported Thursday. It was another week-on-week decline for jobless claims as the jobs recovery drags on, but the improvements have been slow and the jobs recovery is running out of steam. Weekly claims have improved since…MORE

Barack Obama is publishing a memoir — right after the election

Barack Obama is publishing a memoir — right after the election

Former President Barack Obama’s long-awaited presidential memoir is coming this year — but not until after the November election. A flood of hot-selling political books have hit shelves in recent weeks in the run-up to the election. Readers will have to wait for Obama’s book, though: He tweeted early Thursday that the book, “A Promised…MORE

Why people are flocking to ugly produce during the pandemic

Why people are flocking to ugly produce during the pandemic

When the pandemic hit the United States in March, Imperfect Foods found itself scrambling to keep up with a sudden spike in demand. In early 2020, the five-year-old online grocery startup was delivering about 100,000 food boxes a week. By May, that weekly figure had doubled. From June to August, weekly orders have remained at…MORE

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