Business News

Tesla Surpasses Toyota As The Most Valuable…

Since the start of the year, Tesla shares have swelled 183%.

Airbus To Cut 15,000 Jobs Over COVID-19 Pandemic

The company said the cuts will occur no later than the summer of 2021.

FAA Approves Test Flights Of Boeing's Updated 737…

Global aviation regulators grounded the 737 Max back in March 2019 after two fatal crashes involving Boeing 737 Max 8s.

U.S. Consumer Spending Increased At Record Pace…

With unemployment funds running out, the gains aren't expected to last.

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U.S. Suspends Some Worker Visas Through End Of…

Tech and IT companies say they face skilled-worker shortages but critics say visas allow firms to undercut U.S. employees.

24 Hour Fitness Files For Bankruptcy

The national fitness chain will remain in business but will permanently close about 130 gyms across the U.S.

Starbucks Reverses Decision To Ban Black Lives…

It will also send Starbucks-branded Black Lives Matter T-shirts to hundreds of thousands of employees.

May Jobs Gains Didn't Translate To Black Or Asian…

The Labor Department reported an overall increase in jobs, but the jobs benefitted White and Hispanic Americans the most.

Twitter, Square Declare Juneteenth An Official…

Juneteenth is a tradition in the Black community that commemorates the end of slavery in the U.S.

Dunkin' Plans To Hire 25,000 Workers Nationwide

Dunkin' said its U.S. franchisees are looking to fill positions "from front-counter to restaurant management."

Renault To Cut Nearly 15,000 Jobs

Jobs cuts come as company tries to save $2.2 billion over the next three years.

EasyJet To Cut 30% Of Its Workforce Amid…

EasyJet will soon start consulting with employees about the job cuts. It's also going to reduce the size of its fleet to cut costs even more.

Walt Disney World To Begin Phased Reopening In…

Disney plans to reopen Magic Kingdom and Animal Kingdom on July 11. Epcot and Hollywood Studios will open their gates July 15.

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France Unveils $8.8 Billion Plan To Save Its Auto…

French President Emmanuel Macron said he wants to make France the leading producer of clean vehicles in Europe.

Tesla Drops Lawsuit Against Alameda County Over…

The company dismissed the lawsuit after it reached an agreement with Alameda County to resume production.

Johnson & Johnson Discontinues Talc-Based Baby…

Over the years, 19,400 lawsuits have alleged the company's talc-based baby powder contains asbestos.

Uber Is Laying Off 3,000 More Employees

The rideshare company already announced plans to lay off 3,700 employees earlier this month.

Famed Department Store JCPenney Files For…

The 118-year-old retailer has accrued nearly $4B in debt but plans to reopen stores as lockdown measures scale back.

Stylist Says She Is Essential As Salons Begin To…

Wearing masks and frequent handwashings are now part of the hair care profession.

New York Stock Exchange To Reopen Trading Floor

​The NYSE's president said only a few brokers will be allowed on the floor, and that they'll have to follow some new safety measures.

Restaurants Are Trying To Adapt To Social…

Restaurants across the country are starting to reopen, but where you live will impact what that experience is like.

Retail Stores Are Slowly Reopening With A Variety…

Retail stores are requiring things like masks, gloves, social distancing and sanitizing stations as coronavirus restrictions ease.

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Tesla, Alameda County Come To Agreement To Resume…

Local officials said they held "productive discussions" Tuesday with Tesla after receiving the company's site-specific plan for reopening.

Twitter Will Let Some Employees Work From Home…

CEO Jack Dorsey made the announcement in a staff email obtained by BuzzFeed News.

GM Says There's Been No Transmission Of COVID-19…

​GM's global manufacturing chief said the company hasn't had any incidents of COVID-19 spread since it implemented safety protocols last month.