US average mortgage rates fall; 30-year loan at 2.88%
WASHINGTON — U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this…
AP Wire
Bank of England says economy will take time to heal
LONDON — The Bank of England predicted today that the economic downturn in the U.K. economy might be less severe than it thought at the…
Nintendo profit zooms as virus has homebodies playing games
TOKYO — Nintendo Co.’s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games. The…
UPDATE: 1.2 million seek jobless aid after $600 federal check ends
UPDATE WASHINGTON — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs…
Hilton sales plunge in 2nd quarter with travel frozen
Hilton lost $432 million in the second quarter, but occupancy rates began to improve as hotels reopen and coronavirus restrictions were lifted around the world….
Papa John’s: 2nd quarter earnings snapshot
LOUISVILLE, Ky. — Papa John’s International Inc. today reported second-quarter net income of $15.7 million. The company said it had net income of 48 cents…
ViacomCBS-A: 2nd quarter earnings snapshot
NEW YORK — ViacomCBS Inc.-A today reported second-quarter profit of $481 million. The company said it had net income of 78 cents per share. Earnings,…
Gone for good? Evidence signals many jobs aren’t coming back
WASHINGTON — Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to…
Facebook launches a new TikTok clone, Instagram Reels
NEW YORK — Facebook’s Instagram is launching its answer to the hit short video app TikTok — Instagram Reels. The new Instagram feature will let…
Services sector index increases to 17-month high in July
WASHINGTON — Activity in the services sector, where most Americans work, hit a 17-month high in July but economists fear that might be unsustainable because…