Tag Archives: business

WASHINGTON - The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country. Activity did rise from levels last month that had...

OTTAWA - The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound....

CAPE CANAVERAL, Fla. - The astronauts launched into orbit by SpaceX joined in the ringing of the opening bell for the Nasdaq on Tuesday to mark "a pivotal moment" for the space economy. NASA astronaut...

FRANKFURT - The European Central Bank could soon expand its anti-pandemic stimulus program to more than a trillion euros, giving it more firepower to keep the virus crisis from sliding into a new fina...

WASHINGTON - U.S. construction spending fell 2.9% in April, the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay ...

WASHINGTON - American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. The Institute for Supply Management, an associ...

OTTAWA - The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19. Transport Mi...

OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be c...

WASHINGTON - U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Las...

NEW YORK - Following the arrest of a CNN crew on live television by police on Friday, an apologetic Minnesota Gov. Tim Walz promised that journalists would not be interfered with in reporting on viole...