AP FACT CHECK: Trump and Biden in their last clash on stage
WASHINGTON (AP) — A more measured President Donald Trump does not necessarily mean a more truthful one. In the final debate of the presidential campaign, he was loose with facts on the crisis of the time — the pandemic — and much else.
Biden's warning on oil tests voter resolve on climate change
OKLAHOMA CITY (AP) — Joe Biden is confronting the harsh political realities of combating climate change. The Democratic presidential nominee has spent months touting a $2 trillion plan to boost investment in clean energy and stop all climate-damaging emissions from the U.S.
AstraZeneca, J&J resuming US tests of COVID-19 vaccines
Two drugmakers announced Friday the resumption of U.S. testing of their COVID-19 vaccine candidates. Testing of AstraZeneca’s vaccine candidate had been halted since early September, while Johnson & Johnson’s vaccine study was paused at the beginning of last week.
US stocks shake off a wobbly start and end mostly higher
U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. The benchmark index eked out a 0.3% gain after another day of wobbly trading.
AmEx profits plunge as travel spending comes to a standstill
CHARLOTTE, N.C. (AP) — American Express' fourth-quarter profits dropped by 39%, the credit card giant said Friday, as the pandemic's deep impacts on travel, entertainment and dining dramatically impacted the company's results.
Spain PM appeals for public unity, sacrifice in virus fight
MADRID (AP) — Prime Minster Pedro Sánchez appealed Friday for Spaniards to pull together and defeat the new coronavirus, warning: “The situation is serious.” Sánchez, in a televised address to the nation, acknowledged public fatigue with restrictions to contain the spread of COVID-19.
Veggie burgers are still burgers, at least in Europe
BRUSSELS (AP) — It’s a meaty issue but the EU has taken a stance: veggie burgers are in fact burgers. European lawmakers said Friday that plant-based products that do not contain meat, including veggie burgers, soy steaks and vegan sausages, can continue to be sold as such in restaurants and shops across the European Union's 27 countries.
Japan, Britain sign free trade deal for post-Brexit era
TOKYO (AP) — Japan and Britain signed a free trade agreement on Friday, the the first such major post-Brexit deal, reducing tariffs on goods like Yorkshire lamb sold in Japan as well as auto parts for Japan’s Nissan plant.
Keeping your credit profile healthy during a pandemic
Credit may not be top of mind for many consumers these days. But as the pandemic and its associated economic woes drag on, they may want to give it some attention.
Automaker Daimler rebounds after lockdowns, raises outlook
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year.
Hitler speeches sell at Munich auction despite objections
BERLIN (AP) — Handwritten speech notes by Nazi dictator Adolf Hitler sold at auction in Munich on Friday despite concerns from Jewish groups they could encourage neo-Nazis.
Huawei sales up, but growth slows under virus, US pressure
BEIJING (AP) — Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S.
AP Explains: Why are UK and EU still arguing over Brexit?
LONDON (AP) — It’s more than four years since Britain voted to leave the European Union, and almost a year since Prime Minister Boris Johnson won an election by vowing to “get Brexit done.” Spoiler alert: It is not done.
China hopes for change if Biden wins, but little likely
BEIJING (AP) — Chinese leaders hope Washington will tone down conflicts over trade, technology and security if Joe Biden wins the Nov.
Walmart sues US in pre-emptive strike in opioid abuse battle
NEW YORK (AP) — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis.
Facebook, Twitter CEOs ordered to testify by GOP senators
WASHINGTON (AP) — The GOP push against Facebook and Twitter accelerated Thursday after Republican senators threatened the CEOs of the social media companies with subpoenas to force them to address accusations of censorship in the closing weeks of the presidential campaign.
Goldman Sachs subsidiary pleads to US charges in 1MDB probe
WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal.
FDA approves first COVID-19 drug: antiviral remdesivir
U.S. regulators on Thursday approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given to hospitalized patients through an IV.
Gap Inc. exiting malls, to shutter 350 stores by 2024
NEW YORK (AP) — Gap Inc. is moving away from the nation’s malls. The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024.
Tesla 'full self-driving' vehicles can't drive themselves
DETROIT (AP) — Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads.
US airlines still piling up losses but say demand is rising
DALLAS (AP) — Airlines are piling up billions of dollars in additional losses as the pandemic chokes off air travel, but a recent uptick in passengers, however modest, has provided some hope.
US long-term mortgage rates hit new low; 30-year at 2.80%
WASHINGTON (AP) — U.S. long-term mortgage rates slipped this week as the key 30-year loan marked a new all-time low for the 11th time this year.
Profit, revenue slump at Union Pacific, but volume improves
OMAHA, Neb. (AP) — Union Pacific's profit and revenue slumped by double digits, though the volume of shipments it handled rebounded from the previous quarter as the economy emerged from the worst of the virus-related shutdowns earlier this year.
US jobless claims drop to 787,000, but layoffs remain high
WASHINGTON (AP) — The number of laid-off Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.
EU slaps sanctions on 2 Russians over Germany cyberattack
BRUSSELS (AP) — The European Union on Thursday imposed sanctions on two Russian officials and part of Russia’s GRU military intelligence agency over a cyberattack against the German parliament in 2015.