May 7, 2020 | Finance
TORONTO (AP) — Google abandoned its smart-city development in Toronto on Thursday after more than two years of controversy over privacy concerns and amid economic uncertainty caused by the pandemic. A unit of Google’s parent company Alphabet had been proposing to turn...
May 7, 2020 | Finance
WASHINGTON (AP) — U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday.The Fed’s report is the...
May 7, 2020 | Finance
RALEIGH, N.C. (AP) — A Republican fundraiser and prolific political donor from North Carolina will be the next postmaster general.Louis DeJoy of Greensboro, a close ally of President Donald Trump, was the unanimous pick of the U.S. Postal Service’s Board of...
May 7, 2020 | Finance
WASHINGTON (AP) — Despite a massive effort, the nation faces “truly daunting” challenges to deploy millions of coronavirus tests to safely re-open the economy, the head of the National Institutes of Health told lawmakers Thursday.NIH Director Francis Collins told the...
May 7, 2020 | Finance
NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.The ride-hailing giant said...
May 7, 2020 | Finance
A new study finds no evidence of benefit from a malaria drug widely promoted as a treatment for coronavirus infection.Hydroxychloroquine did not lower the risk of dying or needing a breathing tube in a comparison that involved nearly 1,400 patients treated at Columbia...
