Share this story...
Latest News

MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Amazon’s homeless shelter faces Seattle crisis, criticism

    SEATTLE (AP) — A homeless shelter built on Amazon’s perfectly manicured urban Seattle campus is a major civic contribution that pushes the company to face the crisis and criticism in the hometown it has rapidly transformed. Believed to be the first homeless shelter built inside a corporate office building, Amazon’s partnership housing a local nonprofit […]
  • US bets on untested company to deliver COVID-19 vaccine

    When precious vats of COVID-19 vaccine are finally ready, jabbing the lifesaving solution into the arms of Americans will require hundreds of millions of injections. As part of its strategy to administer the vaccine as quickly as possible, the Trump administration has agreed to invest more than half a billion in tax dollars in ApiJect […]
  • Retail bankruptcy filings keep coming, coffee habits change

    The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Clothing company Express has reopened about 95% of its stores as of Monday. The chain anticipates […]
  • Retail bankruptcy filings keep coming, coffee habits change

    The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Clothing company Express has reopened about 95% of its stores as of Monday. The chain anticipates […]
  • Electric vehicle startup Rivian gets $2.5B in added funding

    DETROIT (AP) — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Illinois. Rivian also is rolling […]
  • Judge rejects Dakota Access pipeline request to stop closure

    BISMARCK, N.D. (AP) — A federal judge rejected a request from the operator of the Dakota Access Pipeline to halt an order to shut down the oil pipeline during a lengthy environmental review. U.S. District Judge James Boasberg denied the company’s request Thursday, effectively sending the case to a panel of judges on the U.S. […]
  • Pope names Draghi, ex-head of European Central Bank to panel

    VATICAN CITY (AP) — Mario Draghi, the former head of the European Central Bank, has been appointed by Pope Francis to a Vatican advisory panel, the Holy See said on Friday. The pontiff named Draghi, 72, as a member of the Pontifical Academy of Social Sciences. An economist who received his doctorate from the Massachusetts […]
  • ‘A slap in the face:’ Goya faces boycott over Trump praise

    NEW YORK (AP) — The CEO of food company Goya is facing an uproar over his praise for President Donald Trump, with some Latino families purging their pantries of the products and scrambling to find alternatives to the beloved beans, seasoning and other products that have long been fixtures in their cooking. But the controversy […]
  • France investigating millions in virus unemployment fraud

    PARIS (AP) — Organized crime groups sought to defraud the French state of millions of euros meant for workers left jobless by the virus lockdown, prosecutors said Friday. France had an exceptionally generous temporary unemployment scheme that subsidized workers’ salaries while restaurants, schools and businesses across the economy shut down for two months or more […]
  • EU Council head tries to win over ‘Frugal Four’ on budget

    BRUSSELS (AP) — With pressure mounting to reach an agreement on a post-coronavirus economic recovery plan, the president of the European Council on Friday tried to win over the so-called group of “Frugal Four” member countries with new proposals. Charles Michel’s latest offers keep the size of the recovery fund, which is meant to help […]