Sunday, February 28, 2021
Business

Business

Fraud overwhelms pandemic-related unemployment programs

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With the floodgates set to open on another round of unemployment aid, states are being hammered with a new wave of fraud as they scramble to update security systems and block scammers who already have siphoned billions of dollars from pandemic-related jobless programs.

Virginia lawmakers vote to legalize marijuana in 2024

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Virginia lawmakers gave final approval Saturday to a bill that will legalize marijuana for adult recreational use, but not until 2024, when retail sales of the drug would also begin.

J&J’s 1-dose shot cleared, giving US 3rd COVID-19 vaccine

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The U.S. is getting a third vaccine to prevent COVID-19, as the Food and Drug Administration on Saturday cleared a Johnson & Johnson shot that works with just one dose instead of two.

Warren Buffett again encourages investors to bet on America

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Billionaire Warren Buffett encouraged investors to maintain their faith in America's economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday.

Republicans test history in vote against pandemic relief

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With the nation's financial system on the brink of collapse, all but three Republicans voted against the massive stimulus package designed to protect millions of Americans from financial ruin.

House passes $1.9T pandemic bill on near party-line vote

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The House approved a $1.9 trillion pandemic relief bill in a win for President Joe Biden, even as top Democrats tried assuring agitated progressives that they’d revive their derailed drive to boost the minimum wage.

Judge approves $650M Facebook privacy lawsuit settlement

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A federal judge on Friday approved a $650 million settlement of a privacy lawsuit against Facebook for allegedly using photo face-tagging and other biometric data without the permission of its users.

Stocks wobble between gains and losses as bond yields ease

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Stocks wobbled between small gains and losses on Wall Street Friday as rising technology stocks offset a slide in banks and energy companies.

US consumers rebound to boost spending 2.4% as income jumps

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Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery from the pandemic recession.

Boeing 777 makes emergency landing in Moscow: Reports

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Russian media reported that a Boeing 777 plane made an emergency landing in Moscow in the early hours of Friday after the pilot reported a problem with the engine.

DoorDash’s sales triple in Q4, but 2021 could see slowdown

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Meal delivery company DoorDash said its revenue more than tripled last year thanks to pandemic-driven demand, but it still lost money because it spent more heavily on marketing and expanding its business.

Asian shares sink, Tokyo down 4% after tech rout on Wall St

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Asian shares skidded Friday, with Tokyo's benchmark dropping 4% after rising bond yields triggered a broad sell-off on Wall Street that handed the Nasdaq composite index its steepest one-day loss since October.

COVID-19 bill must drop minimum wage hike, arbiter decides

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The Senate parliamentarian dealt a potentially lethal blow Thursday to Democrats’ drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a $1.9 trillion COVID-19 relief bill the party is trying to speed through Congress, Senate Democratic aides said.

Mr. Potato Head drops the mister, sort of

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Is it Mr. Potato Head or not?

Game on, again: GameStop surges and no one truly knows why

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Wall Street's GameStop saga won't stop.

Trending in Business

Judge approves $650M Facebook privacy lawsuit settlement

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A federal judge on Friday approved a $650 million settlement of a privacy lawsuit against Facebook for allegedly using photo face-tagging and other biometric data without the permission of its users.