No checkout needed: Amazon opens cashier-less grocery store
NEW YORK (AP) — Amazon wants to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets.
More companies get into business of Black History Month
NEW YORK (AP) — From shoes and T-shirts to dolls and tote bags, more companies and brands are getting into the business of Black History Month but trying not to leave the impression that African American consumers are important just once a year.
Virgin Galactic reports high interest in its space flights
LOS ANGELES (AP) — Virgin Galactic has received nearly 8,000 online reservations of interest since its first successful test flight into space 14 months ago, the company said Tuesday as it nears commercial operation and prepares to reopen ticket sales.
Disney CEO Bob Iger steps down in surprise announcement
NEW YORK (AP) — Disney CEO Bob Iger, who steered the company's absorption of Star Wars, Pixar, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday.
Coronavirus poses tough challenge for economic policymakers
WASHINGTON (AP) — The fast-moving coronavirus isn’t just confounding health officials. It’s also bedeviling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that's reached 37 countries and territories, infected 80,000 people and killed 2,700 worldwide.
Stocks sink, bonds soar on fears virus will stunt economy
Stocksfell sharplyagain on Wall Street Tuesday, piling on losses a day after the market's biggest drop in two years as fears spread that the growing virus outbreak will put the brakes on the global economy.
Opponents fault Trump proposal to cut environmental reviews
WASHINGTON (AP) — Describing windows rattled by industrial blasts and windowsills covered in toxic ash, an African American resident of Texas’ oil hub joined Democratic lawmakers, state officials and others Tuesday in urging the Trump administration to drop a proposed rollback that they said would silence disadvantaged communities battling big polluters.
Jury convicts ex-Microsoft worker in digital currency scheme
SEATTLE (AP) — A jury on Tuesday convicted a former Microsoft worker of wire fraud and other charges in what prosecutors described as a scheme to steal $10 million in digital currency.
'A world of hurt': 39 states to investigate Juul's marketing
HARTFORD, Conn. (AP) — A coalition of 39 states will look into the marketing and sales of vaping products by Juul Labs, including whether the company targeted youths and made misleading claims about nicotine content in its devices, officials announced Tuesday.
China struggles to revive manufacturing amid virus outbreak
BEIJING (AP) — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy.
Drugmaker Mallinckrodt reaches $1.6B opioid settlement
The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday.
American Airlines, Qatar will split revenue on some flights
DALLAS (AP) — American Airlines and Qatar Airways said Tuesday they will put aside past hostilities and revive a partnership selling seats on some of each other’s flights and splitting the revenue.
US consumer confidence rises slightly to 130.7 in February
WASHINGTON (AP) — U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August.
Home Depot's same-store sales surge in final quarter of 2019
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer also boosted its quarterly dividend by 10%.
US home prices rise 2.9% in December on low rates, inventory
WASHINGTON (AP) — U.S. home prices rose at a faster pace in December as mortgage rates remained low and a falling supply of available properties set off bidding wars between buyers.
Virus outbreak keeps global markets in check
LONDON (AP) — Share prices around the world, particularly in Japan, took a hit Tuesday amid mounting fears about the economic impact of the new coronavirus outbreak.
Mastercard names insider as new CEO
Mastercard is naming an insider as its new CEO. Michael Miebach, who is currently the company's chief product officer, will takeover for CEO Ajay Banga to start 2021.
Japan's ANA orders 20 more Boeing 787 Dreamliners
TOKYO (AP) — Japanese carrier ANA is ordering 20 Boeing 787 Dreamliner jets, bringing its fleet of the planes to 103 by 2025. The latest order will consist of 11 787-10 aircraft, set to go into service for Japan routes sometime between 2022 and 2024, ANA Holdings Inc.
Asian shares extend losses after Dow drops more than 1,000
Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy.
TurboTax maker Intuit buying Credit Karma in $7.1B deal
Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into the financial products realm.
Airline, cruise stocks pummeled on fear of spreading virus
The stocks of American Airlines and several cruise lines were among the worst performers in the Standard & Poor’s 500 index Monday, as investors fret that the new coronavirus could take hold outside China and further disrupt international travel.
Fed's Mester says rate cut unnecessary to offset virus risks
WASHINGTON (AP) — A Federal Reserve official said Monday that she does not see a need to cut interest rates yet, even as worries about the viral outbreak that began in China caused global stock markets to plunge and some economists are penciling in a rate reduction by April.
Disinfecting wipes, conference calls: Wall Street winners
NEW YORK (AP) — Stay indoors and stay clean. That's what Wall Street is betting people around the world will do given all the fears about a rapidly spreading virus.
Supreme Court hears battle over Atlantic Coast Pipeline
The Supreme Court on Monday appeared ready to remove an obstacle to construction of the Atlantic Coast Pipeline, with a majority of justices expressing skepticism about a lower court ruling that tossed out a key permit needed for the natural gas pipeline to cross under the Appalachian Trail.
Pentagon adopts new ethical principles for using AI in war
The Pentagon is adopting new ethical principles as it prepares to accelerate its use of artificial intelligence technology on the battlefield.