Ralph Lauren drops Justin Thomas after gay slur heard on TV
HONOLULU (AP) — Ralph Lauren Corp. said Friday it is ending its sponsorship with Justin Thomas after he was heard muttering a homophobic slur to himself after missing a putt last week in Hawaii.
TSA looking into adding Capitol rioters to US no-fly list
Federal officials are investigating people who took part in the riot at the U.S. Capitol to determine whether they should be barred from traveling on airlines.
Extremists exploit a loophole in social moderation: Podcasts
Major social platforms have been cracking down on the spread of misinformation and conspiracy theories in the leadup to the presidential election, and expanded their efforts in the wake of the Jan.
Stocks fall as economic pain deepens, rally runs out of gas
NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.
Retail group: holiday sales up 8.3% amid big spending shift
NEW YORK (AP) — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.
Oil giant Total withdraws from US energy lobbying group
PARIS (AP) — French oil and gas company Total said it has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies.
Optimistic banks start moving 'bad' loans back to 'good'
CHARLOTTE, N.C. (AP) — The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into the “good” pile.
Wells Fargo 4Q profit rose 4%, tops Street estimates
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak.
U.S. retail sales fell in December for 3rd straight month
NEW YORK (AP) — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season.
NJ to fine sports books asking players to cancel withdrawals
ATLANTIC CITY, N.J. (AP) — New Jersey's top gambling regulator is threatening to fine sports books operating in his state that ask customers to cancel requests to cash out money from their accounts, saying the practice is ongoing and “unacceptable.” In some cases, sports books have offered to give players cash bonuses if they cancel withdrawal requests, according to David Rebuck, director of the New Jersey Division of Gaming Enforcement.
US industrial production jumps 1.6% in December
SILVER SPRING, Md. (AP) — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level.
Citigroup 4Q profit down 7%, revenue drops by 10%
CHARLOTTE, N.C. (AP) — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns.
December wholesale prices up 0.3% with sharp jump in energy
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and matched the 0.3% rise in October.
2 nuke plants, 1 bribery scandal, no answers: Towns on edge
TOLEDO, Ohio (AP) — For much of the past four years, the residents of a pair of villages along Lake Erie have been on edge over the fate of their nuclear plants, which generate enough tax money to pay for nicer schools than their neighbors.
Germany approves resuming Russia gas pipeline work
BERLIN (AP) — German authorities gave permission Friday for work to resume on a subsea pipeline bringing natural gas from Russia that's been the target of U.S.
JPMorgan's profits jump as economy, investment bank recovers
CHARLOTTE, N.C. (AP) — JPMorgan Chase & Co., the nation's largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm's investment banking division had a stellar quarter and its balance sheet improved despite the pandemic.
Another recession looms for UK economy as lockdowns bite
LONDON (AP) — The British economy looks set to fall back into recession after official figures on Friday showed that it shrank by 2.6% month-on-month in November, when much of the country was in a second coronavirus lockdown.
Asian shares mixed following Biden speech, Wall St retreat
Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic.
Most major US airlines ban guns in luggage for DC flights
Airlines and airports say they are stepping up security before next week's presidential inauguration, with Delta and other major airlines saying they will prohibit passengers flying to the Washington area from putting guns in checked bags.
Instacart, others push incentives to get workers vaccinated
As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots.
Trump backers seek online refuges after big tech backlash
Online supporters of President Donald Trump are scattering to smaller social media platforms, fleeing what they say is unfair treatment by Facebook, Twitter and other big tech firms looking to squelch misinformation and threats of violence.
Petco goes public again as spending on dogs and cats soars
NEW YORK (AP) — Petco, the pet store chain, went public again Thursday, hoping to cash in on people's obsessions with their furry pets.
Poshmark's shares soar in debut to public markets
NEW YORK (AP) — Shares of Poshmark Inc. more than doubled in their stock market debut Thursday, a testament to investor enthusiasm for the online marketplace for second-hand goods.
Powell signals Fed will keep aiding economy with bond buying
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S.
A $12 billion loss for 2020, Delta is cautious in early 2021
Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a few more rocky months before — they hope — widespread coronavirus vaccinations and testing might salvage something of the upcoming summer travel season.