President-elect Biden unveils his economic team, pledges that ‘help is on the way’
WILMINGTON, Delaware — President-elect Joe Biden on Tuesday introduced top advisers he said will help his administration rebuild an economy…
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The oil industry narrowly avoided an election disaster. Now it’s showing signs of life
The gloom-and-doom dominating the oil industry is finally starting to ease just a bit. Oil prices are showing signs of life, rebounding from their…
Continue Reading NBC had to decide between football and lighting a Christmas tree. It chose the tree
Dolly Parton and Christmas cheer will get precedence over football this year. NBC’s annual broadcast of the Rockefeller Christmas tree lighting…
Continue Reading ‘Fake news’ about a Covid-19 vaccine has become a second pandemic, Red Cross chief says
Covid-19 vaccines are fast approaching, but a second pandemic might impede efforts to recover from the first, according to the president of a global…
Continue Reading How pharmacies are preparing to give Americans Covid-19 vaccines
In the fight against Covid-19, the US government is enlisting pharmacies to administer vaccines to hundreds of millions of Americans — an endeavor…
Continue Reading SoftBank bets on Europe’s hottest stock
After selling nearly $100 billion in assets, SoftBank is back in buying mode. Sinch, a Swedish cloud and telecommunications company whose stock has…
Continue Reading Exxon faces $20 billion hit from ‘epic failure’ of a decade ago
ExxonMobil’s nightmarish 2020 just got worse. The embattled energy company announced Monday that it will dramatically mark down the value of…
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Starbucks is giving free coffee to health care workers this month
Health care workers are getting a special treat this month. Starbucks will be giving away free cups of coffee to health care workers and first…
Continue Reading Amazon sales surge during a record-breaking holiday shopping season
Amazon was already having a blowout year. And it’s shaping up to be a record-breaking holiday shopping season, too. Shoppers have been…
Continue Reading 25,000 jobs at risk as Debenhams closure follows Topshop collapse
Debenhams, Britain’s biggest department store chain, is permanently closing its UK operations. The announcement came less than 24 hours after…
Continue Reading DoorDash and Airbnb lead a parade of unicorn IPOs
Demand for initial public offerings has roared back to life on Wall Street, led most recently by highly anticipated debuts from Silicon Valley…
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The fates of millions of Americans rest on Biden’s economic team
Joe Biden’s incoming economic team will shoulder the desperate hopes of millions of Americans who have lost jobs, face eviction from their…
Continue Reading Don’t slam on the fiscal brakes too soon, warns OECD
A robust recovery in China should help global GDP — the broadest measure of economic health — recover to pre-pandemic levels by the end of next…
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BioNTech and Pfizer ask European regulator for expedited approval of their COVID-19 vaccine
BERLIN (AP) – The EU drug agency says it may need another four weeks to decide whether to grant its first approval for a coronavirus vaccine,…
Continue Reading EU medicines regulator says first coronavirus vaccine could be approved by Dec. 29
BERLIN (AP) – The EU drug agency says it may need another four weeks to decide whether to grant its first approval for a coronavirus vaccine,…
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Borderland small businesses relying much more on online sales this holiday season
EL PASO, Texas — This past Thanksgiving weekend was a record breaking one for online sales. However, analysts estimated this year’s Cyber Monday to…
Continue Reading Unilever is testing a four-day work week in New Zealand
Unilever has become the latest major company to hop on the four-day work week bandwagon, lending credence to the idea that flexible working is here…
Continue Reading Hong Kong leader Carrie Lam is getting paid in cash because banks won’t deal with her
US sanctions have cut off Hong Kong Chief Executive Carrie Lam from the global banking system, the controversial political leader says, forcing her…
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Biden’s genius move
As President-elect Joe Biden unveils his choices for the top jobs in his administration, we hear a mixture of rejoicing and disappointment, praise…
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‘We are definitely in the red’: Some Las Cruces business owners say they may not survive until 2021
LAS CRUCES, New Mexico — If 2020’s pandemic grows worse, three Las Cruces business owners say they might not be able to stay open come 2021. “We are…
Continue Reading Trump said the stock market would crash if Biden won. The Dow just had its best month since 1987.
President Donald Trump repeatedly warned Americans that if they failed to reelect him, the stock market would implode. In reality, the opposite…
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City of El Paso small business grants ‘depleted,’ some grants still available for county businesses
EL PASO, Texas — The City of El Paso’s Economic Development Department told ABC-7 grant funding provided through CARES Act funding has been…
Continue Reading Fed chair calls the economic recovery ‘extraordinarily uncertain’
Federal Reserve Chairman Jerome Powell said the outlook for the United States economy is “extraordinarily uncertain” as the rise in…
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New Mexico governor outlines re-opening plan after shutdown, calls nearby El Paso ‘horrific’ on virus
SANTA FE, New Mexico – Gov. Michelle Lujan Grisham, alongside other state officials, held a briefing Monday on the current trajectory of the…
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Las Cruces police warn residents to be on the lookout for package stealing ‘porch pirates’
LAS CRUCES, New Mexico – With more people than ever expected to do the bulk of their holiday shopping online this year, experts are warning that…
Continue Reading Millions may be getting shortchanged on unemployment benefits, GAO finds
Millions of jobless people may not be receiving the full unemployment payments they are owed, a government watchdog report released Monday found.…
Continue Reading Topshop owner Arcadia files for bankruptcy
UK retailer Arcadia is seeking protection from creditors as it scrambles to save 13,000 jobs and brands such as Topshop after clothing sales…
Continue Reading Corporate America gave this non-profit almost $2 billion to fight institutional racism and it’s already making an impact
Leaders of the Local Initiatives Support Coalition (LISC) say their organization has received a record total of about $2 billion dollars in donations…
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Is this Joe Biden pick already doomed?
On Monday, President-elect Joe Biden announced that Neera Tanden was his pick to be the next Office of Management and Budget director. More than 18…
Continue Reading As JCPenney exits bankruptcy, its long-term outlook remains grim
JCPenney has survived to see its 119th holiday shopping season. How many more it has ahead of it is tough to say. In May, the storied department…
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