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| House approved bill to ban force labor produced products from China |
10/2/2020 |
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The bill would require publicly traded companies in the U.S. to disclose whether any of their goods — or any part of their supply chain — can be traced to internment camps or factories suspected of using forced labor of Muslim Uighurs or other ethnic minorities in China.
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| U.S. consumer spending up only 1% in August |
10/2/2020 |
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The Commerce Department reported Thursday that spending grew by just 1%, the weakest growth since spending fell 12.7% in April when rapidly spreading COVID-19 infections shut down large parts of the economy.
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| Airline furlough begins as relief package run out |
10/2/2020 |
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American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airlines.
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| International Space Station has an air leak |
10/1/2020 |
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The two Russians and one American on board were awakened late Monday to hurriedly seal hatches between compartments and search for the ongoing leak, which appeared to be getting worse.
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| Layoff comes to the energy sector |
10/1/2020 |
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Dutch Shell said around 1,500 employees have already agreed to take voluntary redundancy this year and that it's looking at a raft of other areas where it can cut costs, such as travel, its use of contractors and virtual working. Overall, it said it expects the cost-cutting measures to secure annual cost savings of between $2 billion and $2.5 billion by 2022.
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| NTT DoCoMo announced $38 billion deal to go private |
9/30/2020 |
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The restructuring dovetails with newly installed Prime Minister Yoshihide Suga's push for lower telecoms rates and more consumer and business-friendly services. It is expected to enable DoCoMo to offer cheaper rates in competition with rivals such as SoftBank and KDDI.
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| U.S. consumer confidence index rose sharply |
9/30/2020 |
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The Conference Board reported Tuesday that its consumer confidence index rose sharply to a reading of 101.8, up from 86.3 in August, largely due to a more favorable view on current business and labor market conditions.
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| Amazon finance manager accused of insider trading |
9/30/2020 |
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Laksha Bohra, a former manager in Amazon’s tax division who lives in Bothell, Washington; her husband, Viky Bohra; and father-in-law Gotham Bohra have agreed to pay back the stock gains, as well as another $1.2 million in penalties and interest.
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| Napa Valley wine country on fire |
9/29/2020 |
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The latest inferno began with the Glass Fire at 3:50 a.m. Sunday and two subsequent fires merged with it, burning 17 square miles (44 square kilometers) as of early Monday, according to the California Department of Forestry and Fire Protection, or Cal Fire.
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| Huawei CFO extradition case back in Canadian court |
9/29/2020 |
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Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China’s rise.
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| Amazon Prime Day this year will be Oct. 13 to Oct. 14 |
9/29/2020 |
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The company is holding its annual Prime Day over two days in October this year, after the pandemic forced it to postpone the sales event from July. It's the first time Prime Day is being held in the fall, and Amazon is positioning it as a way to get people to start their holiday shopping.
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| Walmart to deliver virus test kits by flying drones |
9/29/2020 |
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On Sept. 22, the company further expanded its experimental drone fleet to deliver at-home COVID-19 test kits. Walmart partnered with DroneUp and Quest Diagnostics to launch trials in North Las Vegas and Cheektowaga, N.Y.
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| Big ticket items order up only 0.4% |
9/28/2020 |
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It was the fourth consecutive monthly increase, but the most recent uptick was far weaker than the 11.7% surge in July, the Commerce Department reported Friday.
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| Amazon flying home camera disclosed |
9/28/2020 |
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The company unveiled a flying home camera that you can ask to fly to check the stove while you're out, or to see if you left the windows open. Amazon says the drone will automatically take flight if there's movement in the house to show you what's going on.
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| China to host first major trade show since the pandemic |
9/25/2020 |
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The auto show, the first major in-person sales event for any industry since the coronavirus pandemic began, opens Saturday in a sign the ruling Communist Party is confident China has contained the disease. Still, automakers face intensive anti-virus controls including quarantines for visitors from abroad and curbs on crowd sizes.
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