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U.S. retail sales fell in December for 3rd straight month

NEW YORK (AP) — Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season. The report released Friday is...

The holidays could make or break struggling stores

NEW YORK (AP) — Clothing stores and specialty retailers are offering big discounts and heavily promoting curbside pickup in hopes of rescuing a lackluster holiday shopping season in which surging coro...

Business Highlights

___ Fed keeps rate near zero but sees brighter economy in 2021 WASHINGTON (AP) — The Federal Reserve will keep buying government bonds until the economy makes “subs...

Retail sales fell 1.1% in November, biggest drop in 7 months

NEW YORK (AP) — Retail sales fell 1.1% in November, the biggest drop in seven months, and a sign Americans held back on spending during the start of the holiday shopping season. The ...

US blacklists Chinese chipmaker SMIC and oil producer CNOOC

TAIPEI (Taiwan News) — The Trump administration on Thursday (Dec. 3) added China’s largest semiconductor firm, SMIC, and oil company CNOOC to a blacklist of alleged Chinese military compan...

Trump to add China's SMIC and CNOOC to defense blacklist: Reuters

WASHINGTON (Reuters) - The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies,...

Retail sales grew a slower-than-expected 0.3% in October

NEW YORK (AP) — Retail sales in the U.S. grew a slower-than-expected 0.3% in October, even as retailers offered early holiday discounts online and in stores. Analysts had expected t...

Taiwan processor chip maker to set up $3.5 billion U.S. arm

TAIPEI, Taiwan (AP) — A Taiwanese maker of processor chips for Apple Inc. and other customers plans to invest $3.5 billion to set up a U.S. subsidiary amid American concern about relying too heavily o...

Business Highlights

___ Some businesses opening, expanding despite pandemic hurdles FORT LAUDERDALE, Fla. (AP) — The odds of success with a new business are always precarious. Few expe...

US retail sales grow for 5th month in a row

NEW YORK (AP) — Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday t...

US warned Nevada not to use Chinese COVID tests from UAE

DUBAI, United Arab Emirates (AP) — U.S. diplomats and security officials privately warned the state of Nevada not to use Chinese-made coronavirus test kits donated by the United Arab Emirates over con...

Justice Department seeks immediate ban on WeChat in US

NEW YORK (AP) — The Justice Department is seeking an immediate ban on downloads of WeChat in Apple and Google app stores, saying the Chinese-owned messaging service is a threat to the security of the ...

US judge approves injunction to delay WeChat restrictions

NEW YORK (AP) — A federal judge has approved a request from a group of WeChat users to delay looming U.S. government restrictions that could effectively make the popular app nearly impossible to use. ...

Business Highlights

___ US bans WeChat, TikTok from app stores, threatens shutdowns WASHINGTON (AP) — The U.S. Commerce Department said it is prohibiting Chinese-owned TikTok and WeCha...

Business Highlights

___ Federal Reserve sees rates near zero at least through 2023 WASHINGTON (AP) — The Federal Reserve expects to keep its benchmark interest rate pegged near zero at...