Category: Finance News

Aug 3

The Ratings Game: Amazon is making gains with older consumers as more people turn to e-commerce during COVID-19

Amazon.com Inc. has become the go-to shopping site for many consumers during the COVID-19, including an increasing number of older customers, according to SunTrust Robinson Humphrey analysts. Amazon AMZN, -1.66% reported earnings late Thursday that nearly doubled year-over-year to $10.30 per share, with sales up 40% to $88.9 billion. E-commerce rose 47.8% to $45.9 billion […]
Aug 3

Personal Finance Daily: Here’s where things stand on the extra $600 a week in unemployment benefits that expired Friday, and why are ‘Karens’ so angry?

Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance The people who handle racial discrimination complaints in the workplace are divided on how big of a problem it is A new survey looks into a disconnect among human resource professionals, who are often the first hear reports of discrimination. Like ‘punching a time clock […]
Aug 3

Capitol Report: Trump suggests freezing evictions and payroll-tax collection through executive orders

President Donald Trump on Monday raised the possibility of using executive orders to suspend evictions and freeze the collection of payroll taxes, as Democrats and Republicans reported slow progress in their negotiations over another big coronavirus aid package. “I don’t want people to be evicted,” Trump said, while speaking at a news conference on Monday […]
Aug 3

Gun sales spike among African-Americans: 'Our ancestors died for us to vote, they also died for us to be able to carry guns'

When Americans panic, they buy guns — lots of them. During the first six months of 2020, amid a global coronavirus pandemic, gun retailers have reported a record 10.3 million firearm transactions, according to a new survey by the National Shooting Sports Foundation. Overall, gun sales in the U.S. have increased by 95 percent while […]
Aug 3

Illinois officials call to abolish history classes in the state until an 'alternative' is set up to highlight underrepresented groups

Students read their school work in Arlene Lebowitz’s third-grade class during summer school July 2, 2003 in Chicago, Illinois. Tim Boyle/Getty Images Community leaders in Illinois called for history classes in state schools to stop until a ” suitable alternative” is established to represent minority groups in the curriculum. Democratic State Representative LaShawn K. Ford […]
Aug 3

Poll gives Democrats bad news in key Senate race

Republican Montana Sen. Steve Daines, running for reelection, holds a 6-point lead against Democratic Gov. Steve Bullock in a race that will help decide the balance of power in the U.S. Senate, according to a poll released Monday by Emerson College. Daines received 50 percent support in the poll, while 44 percent said they would […]
Aug 3

Iran has been covering up its coronavirus death toll, according to BBC investigation which says the true figure is almost 3 times higher

Iranians, some wearing face masks, walk along a street in Tehran on June 3, 2020. AFP/Getty Images The number of people who have died with COVID-19 in Iran is far higher than the government has publicly admitted, according to figures leaked to BBC Persian.   These figures say 42,000 people had died with the virus as of […]
Aug 3

The former head of the FDA warned that the Northeast will likely get hit with another wave of coronavirus cases, saying the virus continues to 'rotate through different parts of the country'

FILE PHOTO: FDA Commissioner Gottlieb speaks during an interview with Reuters in New York Reuters Dr. Scott Gottlieb, the former head of the Food and Drug Administration, warned that the Northeast could see another wave of coronavirus cases as the virus continues to “rotate through different parts of the country.” “I think we’re likely to […]