Grubhub sees orders jump but swings to 2nd quarter loss
Grubhub’s average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it…
AP Wire
US economy shrank at record-breaking 33% rate last quarter
WASHINGTON — The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever —…
1.4 million seek jobless aid as virus surges in South, West
WASHINGTON — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on…
Tyson Foods to increase virus testing in U.S. meat plants
Tyson Foods says it plans to administer thousands of coronavirus tests per week at its U.S. facilities under an expanded effort to protect workers and…
German economy plunged 10% during 2nd quarter amid pandemic
FRANKFURT, Germany — Germany’s economy, Europe’s largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% percent during the April-June period from the…
Fed sees dim economic outlook as virus squeezes economy
WASHINGTON — The Federal Reserve is expressing concern that the viral outbreak will act as a drag on the economy and hiring in coming months…
US energy use hit 30-year low during pandemic shutdowns
BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down…
US is expected to report a record-breaking economic plunge
WASHINGTON — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts…
More Americans signed contracts to buy homes in June
SILVER SPRING, Md. — The number of Americans signing contracts to buy homes rose for the second straight month after a devastating spring freeze brought…
Wall Street drifts higher ahead of Fed announcement
NEW YORK — Stocks are rising in early trading on Wall Street today ahead of a Federal Reserve announcement where investors expect the central bank…