US jobless claims plunge to 576,000, lowest since pandemic
WASHINGTON — The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are…
AP Wire
$1,400 stimulus checks helped March retail sales soar 9.8%
NEW YORK — Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out…
After union fight, Jeff Bezos to focus on Amazon workers
NEW YORK — After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos said that as executive chairman he will focus on making…
Thermo Fisher buying PPD in deal worth $17.4 billion
WALTHAM, Mass. — Thermo Fisher is buying clinical research company PPD in a deal valued at $17.4 billion. Activity in health care testing has surged…
Bank of America profit doubles in 1Q to $8.1 billion
NEW YORK — Bank of America’s profits doubled in the first quarter, the bank said today, as the improving economy allowed it to release billions…
UnitedHealth ups forecast after strong start to year
UnitedHealth’s first-quarter profit jumped about 44%, and the nation’s largest health insurer also hiked its 2021 outlook despite expecting more hits from the COVID-19 pandemic….
PepsiCo: Q1 earnings snapshot
PURCHASE, N.Y. — PepsiCo Inc. today reported first-quarter profit of $1.71 billion. On a per-share basis, the company said it had net income of $1.24….
Citigroup profit triples in 1Q, tops estimates; revenue down
NEW YORK — Citigroup Inc. said today that first-quarter earnings tripled to $7.88 billion compared with the year-ago quarter. The bank said it had earnings…
Coinbase soars in market debut, valued near $86 billion
Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a…
To retain workers, Walmart moves more of them full time
NEW YORK (AP) — Walmart is moving more of its workers full time as the nation’s largest private employer looks for more ways to attract…