Pandemic takes a bite, Chuck E. Cheese files for bankruptcy
Chuck E. Cheese – where kids could be kids while parents nursed headaches – is filing for bankruptcy protection. The 43-year-old chain, which drew kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic....
Pakistan to ground 150 pilots for cheating to get licenses
ISLAMABAD (AP) — Pakistan’s state-run airline said Thursday it will ground 150 pilots, accusing them of obtaining licenses by having others take exams for them, an accusation that followed a probe into last month’s crash that killed 97 people in Karachi. Abdullah...
US GDP fell at 5.0% rate in Q1; worse is likely on the way
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the U.S. The Commerce Department reported Thursday that the...
Banks lead gains for stocks on Wall Street in jumpy trading
Financial companies led stocks broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments. The S&P 500 climbed 1.1% following a jumpy day of...