Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
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TALI ARBEL AP Technology Writer Privacy watchdogs say that the popular TikTok video app is violating a children's privacy law and putting kids at risk. A coalition of 20 groups, including Campaign for a Commercial-Free Childhood and the Center for Digital Democracy, filed a complaint Thursday with the Federal Trade Commission saying that TikTok is collecting personal information of kids under 13 without their parents' consent. TikTok, owned by Chinese company ByteDance, has...
STAN CHOE AP Business Writer Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy. The market has been wavering the last couple weeks after coming off its best month in a generation, as optimism about reopening the economy collides with worries about the dangers of lifting restrictions too soon. The S&P 500 was down 2.3%, as of 12:18 p.m. Eastern time, with the sharpest losses coming for stocks that most need a healthy economy for their profits to...
KELVIN CHAN AP Business Writer LONDON (AP) - Office jobs are never going to be the same. When workers around the world eventually return to their desks, they'll find many changes due to the pandemic. For a start, fewer people will go back to their offices as the coronavirus crisis makes working from home more accepted, health concerns linger and companies weigh up rent savings and productivity benefits. For the rest, changes will begin with the commute as workers arrive in sta...
STAN CHOE AP Business Writer Stocks are mixed in tentative midday trading on Wall Street Tuesday, as investors wait to see how well the lifting of lockdowns around the world goes. The S&P 500 and other U.S. indexes were flipping between small gains and losses, following up on mixed performances in Europe and Asia. Treasury yields were down slightly, but a measure of nervousness in the U.S. stock market also eased to its lowest level in two months. Governments around the world and in many U.S. states have begun gradually...
ANNE D'INNOCENZIO AP Retail Writer NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy filing by J.Crew on Monday. Experts believe there will be more to come even as businesses start to reopen in parts of the country like Texas and Florida. "Prior to COVID-19, Neiman Marcus Group was m...
CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — In a world where the coronavirus pandemic has turned social distancing into a new way of life, companies whose business models bank on people's willingness to share their personal space are now struggling. Uber said Wednesday it's cutting 3,700 full-time workers, or about 14% of its workforce, as people fearful of infection either stay indoors or try to limit contact with others to minimize risk when they do venture out. Rival Lyft and home-sharing service Airbnb have also a...
STAN CHOE and DAMIAN J. TROISE AP Business Writers Stocks are flipping between small gains and losses on Wall Street Wednesday, as depressing data on the economy continues to roll in. The S&P 500 drifted as continued gains for technology stocks, which have been nearly unstoppable even in the face of the coronavirus pandemic, jousted with more prevalent losses elsewhere in the market. The index was up 0.2%, as of 1:30 p.m. Eastern time, after earlier erasing a gain of 0.8% and then a loss of 0.4%. The Dow Jones Industrial...
BARBARA ORTUTAY AP Technology Writer OAKLAND (AP) — Facebook says it has removed several groups, accounts and pages linked to QAnon, taking action for the first time against the far-right U.S. conspiracy theory circulated among supporters of President Donald Trump. The social-media giant made the announcement Tuesday as part of its monthly briefing on "coordinated inauthentic behavior" on its platforms. That's Facebook's term for fake accounts run with the intent of disrupting politics elections and society. In addition to t...
MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index fell to 41.8 in April, compared with a March reading of 52.5. Any reading below 50 signals that the service sector, where the majority of Americans work, is in a contraction. It was the first time the services index has been in contraction since December 2009 and i...
MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone. The amount is more than five times the government's previous record borrowing for a quarter, $569 billion, set in the depths of the 2008 financial crisis. It also dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. The Treasury Department said the huge sum is...
ANNE D'INNOCENZIO AP Retail Writer NEW YORK (AP) — The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the pandemic forced most stores in the United States to close. More retail bankruptcies are expected in coming weeks with thousands of stores still shuttered, though states have begun a staggered restart of their economies. March sales at stores and restaurants had their most severe plunge on records dating back to 1992. Clothing sales fell more than 50% that month and, in the t...
JOYCE M. ROSENBERG AP Business Writer NEW YORK (AP) — Before the coronavirus outbreak, furniture deliveries at Sunnyland Outdoor Living meant two employees sitting side-by-side in a truck. Now, one will be driving the truck while the second follows in a car. And when Sunnyland's workers reach a customer's home, "we'll deliver outside — we won't go inside people's houses," says Brad Schweig, the retailer's vice president for operations. Employee safety is a priority as sma...
STAN CHOE AP Business Writer Stocks are falling on Wall Street Thursday after more reports made clear the worldwide devastation the coronavirus outbreak is causing for the economy. The dour figures helped drive most U.S. stocks to losses, and the S&P 500 was down 1.2% in afternoon trading. Treasury yields also sank, while European stocks fell more sharply, slamming the brakes on a strong rally that had circled the world a day earlier. "This is the saddest day for the global economy we have ever seen" in the 50 years that...
BRADY McCOMBS Associated Press SALT LAKE CITY (AP) - The effort to reopen the economy in the midst of the coronavirus pandemic has set off a conflict at the state and federal level that is escalating by the day over how much legal protection companies should get if their returning workers get sick. The White House, governors, members of congress and state lawmakers are all getting pressured by business leaders who want to be shielded from potential lawsuits brought by sick wor...
STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. The upswell of hope was so strong that investors completely sidestepped a report showing the outbreak drove the U.S. economy to its worst quarterly performance since the Great Recession. The S&P 500 vaulted 2.7% higher and extended a rally that's brought the U.S. stock market to the brink of its best month in 45 years. The spark...
DAVID PITT Associated Press DES MOINES, Iowa (AP) - Meat isn't going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses. But as the meat plants struggle to remain open, consumers could face less selection and slightly higher prices. Industry leaders acknowledge that the U.S. food chain has rarely been so stressed and that no one is sure about the future, even as they try to dispel concerns about shortages. On Sunday, th...
STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks around the world rose Monday as governments prepare to gradually lift restrictions they imposed on businesses to slow the sweep of the coronavirus pandemic. The S&P 500 was up 1.2% in afternoon trading, at the start of a week chockablock with market-moving events. Several of the world's largest central banks are meeting, including the Bank of Japan, which announced its latest stimulus measures to prop up markets. A slew of the biggest U.S. companies are...
JOYCE M. ROSENBERG AP Business Writer NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Companies forced to close or curtail business due to government attempts to stop the virus's spread have mounting d...
TOM KRISHER AP Auto Writer DETROIT (AP) — Cindy Parkhurst could have stayed home collecting most of her pay while the Ford plant where she normally works remains closed due to coronavirus fears. Instead, she along with hundreds of workers at Ford, General Motors, Toyota and other companies has gone back to work to make face shields, surgical masks and ventilators in a wartime-like effort to stem shortages of protective gear and equipment. "I didn't give it a second thought," said Parkhurst, 55, a tow motor driver who is n...
REESE DUNKLIN, JUSTIN PRITCHARD, JUSTIN MYERS and KRYSTA FAURIA Associated Press Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated Press investigation found. The Paycheck Protection Program was supposed to infuse small businesses, which typically have less access to...
STAN CHOE AP Business Writer NEW YORK (AP) — Oil's chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down. A day after oil futures plunged below zero for the first time, traders in one corner of the U.S. crude market were still close to paying others to take it off their hands. That's a market quirk created by a glut of oil, which has traders running out of places to store it in the near term. Prices remain well above z...
STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Stocks and Treasury yields also dropped on Wall Street, with the S&P 500 down 1.8%, but the market's most dramatic action by far was in oil, where the cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63. It was at roughly $60 at the start of the year. Traders are still p...
MICHAEL R. BLOOD Associated Press LOS ANGELES (AP) - The unofficial holiday celebrating all things cannabis arrives Monday as the nation's emerging legal marijuana market braces for an economic blow from the coronavirus crisis, with many consumers reducing spending or going underground for deals. It was supposed to be a long weekend of festivals and music culminating on April 20, or 4/20, the code for marijuana's high holiday. Instead, it has been reduced to an online replica...
STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — In Wall Street's tug of war between hope and pessimism about the coronavirus pandemic, hope is fighting back. U.S. stocks joined a worldwide rally Friday and closed out their first back-to-back weekly gain since the market began selling off two months ago. The S&P 500 jumped 2.7% for the day, following up on even bigger gains in Europe and Asia. Investors latched onto several strands of hope about progress in the fight against the coronavirus. They...
BARBARA ORTUTAY and AMANDA SEITZ Associated Press Facebook will soon let you know if you shared or interacted with dangerous coronavirus misinformation on the site, the latest in a string of aggressive efforts the social media giant is taking to contain an outbreak of viral falsehoods. The new notice will be sent to users who have clicked on, reacted to, or commented on posts featuring harmful or false claims about COVID-19 after they have been removed by moderators. The...
