Business

FILE - The logo of the Samsung Electronics Co. is seen at its shop in Seoul, South Korea, Tuesday, July 7, 2020. Samsung is hoping to lift its sinking smartphone sales with three new models that will test consumers willingness to buy high-priced technology during the worst economic downturn since the Great Depression. The latest Galaxy phones unveiled Wednesday, Aug. 5, during an online showcase will cost $1,000 to $1,300. (AP Photo/Ahn Young-joon, File)
August 05, 2020 - 1:08 pm
Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression. The latest Galaxy phones, unveiled Wednesday during an online showcase, will cost $1,000 to $1,300...
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Top row, Facebook CEO Mark Zuckerberg, right, Amazon CEO Jeff Bezos, second from right, and bottom row Google CEO Sundar Pichai, left, and Apple CEO Tim Cook, second from left are sworn in remotely during a House Judiciary subcommittee on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington. (Mandel Ngan/Pool via AP)
August 05, 2020 - 12:35 pm
WASHINGTON (AP) — The House Judiciary chairman was closing in on his Perry Mason moment with Facebook CEO Mark Zuckerberg. Fortified with “hot” internal company documents, Rep. Jerrold Nadler was building his case at a hearing that seemed almost like a trial for Facebook and three other tech giants...
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President Donald Trump speaks during a briefing with reporters in the James Brady Press Briefing Room of the White House, Monday, Aug. 3, 2020, in Washington.(AP Photo/Alex Brandon)
August 05, 2020 - 12:30 pm
One of the nation’s biggest telemedicine providers will spend more than $18 billion to stoke an approach to care that grew explosively during the pandemic and recently received an endorsement from President Donald Trump. Teladoc Health Inc. plans to dive deep into managing the health of patients...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. President Donald Trump will order China’s ByteDance to sell its hit video app TikTok because of national-security concerns, according to reports published Friday, July 31, 2020. “We are looking at TikTok," Trump told reporters Friday at the White House. "We may be banning TikTok.” (AP Photo/File)
August 05, 2020 - 12:05 pm
NEW YORK (AP) — Facebook's Instagram is launching its answer to the hit short video app TikTok — Instagram Reels. The new Instagram feature will let users record and edit 15-second videos with audio, and will let users add visual effects. Users will be able to share Reels with followers in...
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Cloud computing company Rackspace begins trading at the Nasdaq following its initial public offering, Wednesday, Aug. 5, 2020, in New York's Times Square. (AP Photo/Mark Lennihan)
August 05, 2020 - 11:43 am
NEW YORK (AP) — Stocks are rising again on Wall Street Wednesday, and the S&P 500 is ticking closer to its record high as it tries for a fourth straight gain. The S&P 500 was 0.7% higher in midday trading, following up on gains in European markets and across much of Asia. It’s back within 2...
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FILE - In this June 4, 2020, file photo Virginia Gov. Ralph Northam speaks during a news conference in Richmond, Va. Virginia has rolled out a smartphone app to automatically notify people if they might have been exposed to the coronavirus. It's the first U.S. state to use new pandemic technology created by Apple and Google. The Covidwise app was available on the tech giants’ app stores Wednesday, Aug. 5, ahead of an expected announcement from Democratic Gov. Ralph Northam.(AP Photo/Steve Helber, File)
August 05, 2020 - 11:41 am
Virginia has rolled out a smartphone app to automatically notify people if they might have been exposed to the coronavirus, becoming the first U.S. state to use new pandemic technology created by Apple and Google. The Covidwise app was available on the tech giants’ app stores Wednesday ahead of an...
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FILE - In this July 16, 2019, file photo, a man walks across the street from a Capital One location in San Francisco. Delayed receipt of money from the coronavirus relief bill is one of the newest difficulties faced by people who don’t have bank accounts. But there are other challenges as well, and it may come as an unwelcome surprise that banks sometimes turn down those applying for their first account. (AP Photo/Jeff Chiu, File)
August 05, 2020 - 10:50 am
Managing your money without a bank account is doable. But it can pose challenges — and the COVID-19 pandemic has only added more. Your economic impact payment might’ve arrived weeks or months after others’ did, in the form of a check or prepaid debit card, because you couldn’t choose the faster...
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FILE - In this July 28, 2020, file photo, Democratic presidential candidate former Vice President Joe Biden speaks at a campaign event at the William "Hicks" Anderson Community Center in Wilmington, Del. Biden’s campaign is reserving $280 million in digital and television ads through the fall, nearly twice the amount Donald Trump’s team has reserved at this point. The Biden campaign announced in a Aug. 5 memo it’s reserving $220 million on television airtime and $60 million in digital ads, in contrast to the $147 million the Trump campaign has reserved, according to a review of Kantar/CMAG data by the Associated Press.(AP Photo/Andrew Harnik, File)
August 05, 2020 - 10:31 am
WASHINGTON (AP) — Joe Biden’s Democratic presidential campaign is reserving $280 million in digital and television ads through the fall, nearly twice the amount President Donald Trump’s team has reserved. The Biden campaign announced in a Wednesday memo it’s reserving $220 million in television...
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FILE - In this Thursday, April 2, 2020 file photo, bagel shop manager Samantha Maddocks runs then lone shop still open in one walkway in the Pike Place Market in Seattle. Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns and job layoffs that have occurred because of efforts to contain the coronavirus. (AP Photo/Elaine Thompson, File)
August 05, 2020 - 10:19 am
WASHINGTON (AP) — Activity in the services sector, where most Americans work, increased in July but concerns remain about whether the recovery will persist with the recent rise in coronavirus cases. The Institute for Supply Management said Wednesday that its service sector index rose to a reading...
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Treasury Secretary Steven Mnuchin, left, leaves a meeting with Senate Majority Leader Mitch McConnell of Ky. as negotiations continue on a coronavirus relief package on Capitol Hill in Washington, Tuesday, Aug. 4, 2020. (AP Photo/Andrew Harnik)
August 05, 2020 - 9:28 am
WASHINGTON (AP) — The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of COVID-19 surge in parts of the country. Treasury officials said Wednesday that the...
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