Biden opens sign-up window for uninsured in time of COVID-19
The most concrete short-term impact of Biden’s orders will come from reopening HealthCare.gov insurance markets as coverage has shrunk in the economic turmoil of the coronavirus pandemic.
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School funding bill prompts questions about virtual learning
Proposals aimed at ensuring Indiana’s public schools receive full funding for all students during the coronavirus pandemic have prompted criticism from virtual learning supporters and one of the state’s top senators.
As Airlines close books on rotten 2020, new year gets off to slow start
On Thursday, Southwest, American and JetBlue reported that they lost a combined $3.5 billion in the final three months of the year. All issued dismal revenue outlooks for the current quarter.
U.S. unemployment claims drop to still-high 847,000
Overall, nearly 4.8 million Americans received traditional state unemployment benefits the week of Jan. 16. That is down from nearly 5 million the week before.
U.S. economy shrank 3.5% in 2020 after growing 4% in final quarter
Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product—its total output of goods and services—slowed sharply in the October-December quarter after a record 33.4% surge in the July-September quarter.
Apple to crack down on tracking iPhone users in early spring
Apple has been holding off to give Facebook and other app makers more time to adjust to a feature that will require iPhone users to give their explicit consent to being tracked.
Fed stresses its commitment to low rates as economy stumbles
Speaking at a news conference, Federal Reserve Chairman Jerome Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.
Biden signs orders aimed at eliminating nation’s reliance on fossil fuels
President Joe Biden has set a goal of eliminating pollution from fossil fuels in the power sector by 2035 and from the U.S. economy overall by 2050, speeding growth of solar and wind energy and lessening the country’s dependence on oil and gas.
Stocks have their worst day since October as Big Tech sinks
The sharp selling is a shift from the market’s recent record-setting run and comes as investors focus on the outlook for the economy and corporate profits amid a still-raging coronavirus pandemic.
In war over GameStop, big funds yield to smaller investors
Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
Fiat Chrysler agrees to plead guilty, pay $30M in UAW probe
Company representatives gave more than $3.5 million in cash and other things of value to senior officials at the United Auto Workers, federal prosecutors in Detroit said as they charged FCA with conspiracy from 2009 to 2016.
Anthem underwhelms Wall Street with 2021 forecast, stock tumbles
Anthem said its forecast for this year includes a hit of between 50 cents and 70 cents per share due partly to the Consolidated Appropriations Act, which passed late last year and includes a one-year hike in Medicare doctor rates.
Hinchcliffe back with Andretti Autosport for full IndyCar season
Driver James Hinchcliffe on Tuesday announced a 10-race partnership with Genesys that gets him back into a full-time ride. Sponsorship of the No. 29 Honda for the remaining seven races on the IndyCar schedule will be announced at a later date.
Levi’s first home collection deepens Target relationship
The move is yet another blow to department stores, which have been struggling even more during the pandemic.
Walgreens taps Starbucks exec Brewer as its new CEO
Roz Brewer will be the only Black woman leading a Fortune 500 company when she joins Walgreen’s on March 15.
GOP largely votes against holding Trump impeachment trial
The support of 45 Republicans for declaring the trial invalid indicates that there are long odds for Donald Trump’s conviction, which would require the support of all Democrats and 17 Republicans, or two-thirds of the Senate.
Vaccine appointments canceled amid confusion over supply
States waited to find out their latest weekly allocation of vaccine from the federal government on Tuesday amid complaints from governors and top health officials about inadequate supplies and the need for earlier and more reliable estimates of how much is on the way.
Biden set to put moratorium on oil drilling on public lands
Oil and gas extracted from public lands and waters account for about a quarter of annual U.S. production.
Southwest last major airline to ban emotional support animals
The airline said Monday that it will let passengers bring trained service dogs in the cabin, but it will no longer accept support animals, starting March 1.
Yellen wins Senate approval as treasury secretary
The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department’s 232-year history.