Shopping online during the upcoming holiday season could get more expensive if it’s delivered by UPS. The company will begin imposing surcharges of several dollars on companies that ship a huge amount of items this fall and early winter, anticipating rising costs as more more people shop online because of coronavirus. The new fees would…… MORE
Stocks ended the day mixed Friday despite the better than expected jobs report, as new fears about economic tensions between the United States and China cast a shadow over Wall Street after President Trump threatened to ban Tencent-owned messaging app WeChat. The market had been heading for a drop before the jobs numbers came out,…… MORE
The US economy added another 1.8 million jobs in July, a sharp slowdown from June and a small step for an economy that’s still down 12.9 million jobs during the pandemic. It was the third-straight month of improvement after the spring lockdown that decimated the labor market, and the July job gain exceeded economists’ expectations.…… MORE
One of the pandemic’s best-performing new companies took a hit Thursday because of — you guessed it — TikTok. Fastly, a cloud computing service provider, has risen 364% in the Nasdaq in 2020, and has even outpaced Zoom during the pandemic. Yet President Donald Trump’s recent threats to outlaw TikTok — which accounted for 12%…… MORE
As the pandemic continues to surge across the country, colleges and universities are making multiple changes to try to keep students and staffers safe. So far, about 350 four-year colleges in the United States have decided to operate primarily online, according to data from the Chronicle of Higher Education and Davidson College’s College Crisis Initiative.…… MORE
Three Bon Appétit journalists of color said Thursday they will no longer participate in the Condé Nast-owned food brand’s popular video series. Priya Krishna, Sohla El-Waylly and Rick Martinez posted simultaneous announcements on social media about their decisions following their unsuccessful contract negotiations with the company. Krishna and Martinez alleged in their posts they were…… MORE
Hasbro says it is pulling a Trolls doll from store shelves after a petition with over 150,000 signatures accused the toymaker of promoting child abuse by placing a button on the doll’s “private area under her skirt.” The “DreamWorks Trolls World Tour Giggle and Sing Poppy” has a button on her stomach that when pressed…… MORE
Here’s another casualty of Covid-19: E! News The entertainment news show, launched in 1991, was canceled in response to the economic fallout from the coronavirus pandemic, a representative for NBC Universal confirmed with CNN Business in an email. In addition, E!’s seven-month-old celebrity news shows, “Pop of the Morning” and “In the Room,” a celebrity interview series hosted…… MORE
The US government and Federal Reserve on Thursday took action against Capital One in response to the bank’s massive 2019 data breach. The Fed filed a cease and desist order, laying out steps Capital One must take to improve its risk-management program and internal controls related to cybersecurity and information security. It’s part of consent…… MORE
Americans have less debt for the first time in six years, as they spent less money during the pandemic lockdown, new data from the Federal Reserve Bank of New York shows. American credit card balances fell by $76 billion, their steepest decline on record, between April and June, which included the most restrictive period of…… MORE
