Indian economy shrinks 7.7% in fiscal 2020-21 amid pandemic
NEW DELHI — India’s economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released today. The…
AP Wire
Caterpillar 4th quarter sales slip, but results top Wall Street
Caterpillar’s fourth-quarter sales dropped 15% as an unchecked pandemic continued to sap demand for big machinery, but the damage was not as bad as most…
GM sets goal of going carbon neutral by 2040
General Motors, the Detroit automaker making an aggressive push into electric vehicles, established a goal today of becoming carbon neutral in both its global products…
Robinhood restricts stock trading in GameStop, other cos.
NEW YORK — The online trading platform Robinhood is moving to restrict trading in GameStop and other stocks that have soared recently due to rabid…
New home sales rise in December after sharp November drop
SILVER SPRING, Md. — Sales of new homes rose 1.6% in December after a big decline in November that was even worse than previously thought….
U.S. whiskey bolstered by liquor store sales in 2020
LOUISVILLE, Ky. — American whiskey absorbed some setbacks but showed resilience in the face of pandemic-related clampdowns on bars and restaurants as liquor sales benefited…
Watchdog: Least corrupt nations produce best virus response
BERLIN — Countries with the least corruption have been best positioned to weather the health and economic challenges of the coronavirus pandemic, according to a…
Apple to crack down on tracking iPhone users in early spring
SAN RAMON, Calif. — Apple says it will roll out a new privacy control in the spring to prevent iPhone apps from secretly shadowing people….
US jobless claims drop; remains at 847,000 as pandemic rages
WASHINGTON — The number of Americans applying for unemployment benefits fell but remained at a historically high 847,000 last week, a sign that layoffs keep…
US economy shrank 3.5% in 2020 after growing 4% last quarter
WASHINGTON — Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of…