Business

During Walmart’s earnings call this week, CEO Doug McMillon said the big-box retailer has seen different phases of shopping during the coronavirus pandemic. First, he said, customers stockpiled food and household essentials. Later, they sought out items that helped them work, learn and entertain themselves during long days at home.  ...

Wall Street shook off a weak start and ended a wobbly day mostly higher, extending its gains for the week

As states continue to reopen after weeks-long shutdowns shuttered businesses, the number of unemployed Americans continues to rise. On Thursday, the Labor Department announced 2.4 million people sought jobless benefits last week, bringing the total to nearly 39 million in the past two months.

A new surge of coronavirus infections is ravaging parts of Latin America

Universal Orlando officials laid out a plan for the resort to reopen to the public in the first week of June.

America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a new report. Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains, with Bezos adding $34.6 billion to his wealth and Zuckerberg adding $25 billion, according to the report from Americans for T...

In normal times, not paying your student loans can crush your credit score. During the pandemic, however, federal student loan borrowers were supposed to get a break from their bills, and their lenders were supposed to report their payments as on-time anyway. That’s not how it’s playing out.

The government will provide its latest snapshot of the layoffs that have left tens of millions of people unemployed but that have begun to slow as states allow some businesses to reopen and fewer companies slash jobs

Stocks ended lower on Wall Street as tensions flared again between the U.S. and China and as more dismal news came out detailing economic fallout from the coronavirus pandemic

Since March, in four separate pieces of congressionally approved legislation including the CARES Act, the federal government has spent more than $810 billion backing small business loans, yet several local business owners tell the NBC Bay Area Investigative Unit that those federal dollars have yet to find their way to those who need it the most. St...

Victoria’s Secret parent company L Brands reported Wednesday its third straight quarterly loss and fourth consecutive drop in sales, as its stores were forced shut for most of the period due to the coronavirus pandemic.

Tesla on Wednesday dropped the lawsuit it filed in early May against California’s Alameda County. In the lawsuit, Tesla asserted that the county’s rules on mandated Covid-19 shutdowns contradicted California state policy. Tesla had sought a permanent injunction that would prevent enforcement of county orders. Tesla stopped production...

The coronavirus pandemic has changed almost every facet of American life, from how we work to how we consume, and in so doing destroyed millions of jobs.  Yet the virus has also also created a demand for new types of work. As companies consider how to bring their employees back into offices in the safest way possible, many are h...