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Nation and World

US economy accelerated at 6.4% rate last quarter

The government also said Thursday that the number of Americans seeking unemployment aid reached a new pandemic low last week.

 
28K at Disney theme parks headed for layoffs

Disney’s parks closed last spring as the pandemic started spreading in the U.S. The Florida parks reopened this summer, but the California parks have yet to reopen.

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Global frenzy of Black Friday not welcome by all

The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it’s prompting a backlash from some activists, politicians and even consumers.

Forever 21 files for Chapter 11 bankruptcy protection

Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection.

US economy growth slowed to 2% annual rate last quarter

The U.S. economy grew more slowly in the spring, and many economists think the slowdown will complicate President Donald Trump’s hopes that a surging economy enhance his 2020 re-election hopes.

Doctors say medical insurers increasingly interfere with care

No independent research tracks how frequently insurance issues delay or curtail care nationally, but doctors say they’ve seen a marked increase in difficulties in recent years.

Despite strong economy, Fed set to cut rates for first time in decade

There’s little dispute that the Federal Reserve this week will do something it hasn’t done since 2008, when the U.S. economy was mired in the Great Recession: Cut its benchmark interest rate.

Businesses want government to fix $2T infrastructure needs

Small and mid-size businesses want the federal government to follow through on a promise to rebuild the nation’s infrastructure — including roads, bridges and internet.

Marriott to expand further into luxury home-sharing market

Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb.

Tesla, Musk to pay SEC $40M in lawsuit settlement

Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.