WASHINGTON (AP) — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs. Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough […]

NEW YORK (AP) – After its movie theaters were shut and its stock was nearly left for dead because of the pandemic, AMC Entertainment is embracing the horde of fanatical investors who helped shock its shares back to life as part of this year’s “meme stock” buying spree. The company said Wednesday it’s launching a […]

NEW YORK (AP) — Amazon said Tuesday that it will stop testing jobseekers for marijuana. The company, the second-largest private employer in the U.S. behind Walmart, is making the change as states legalize cannabis or introduce laws banning employers from testing for it. In March, a New York man sued Amazon, saying the company rescinded […]

First environment conference to be initiated by business community hears that public pressure, international regulations and likelihood of Israel climate law all point green

WASHINGTON (AP) — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer. The House hearing comes after senators on Wednesday questioned the […]

SILVER SPRING, Md. (AP) — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ index of pending home sales fell 4.4% to 106.2 in April, a third straight sluggish month after nearly a year-long rebound from the depths of the […]

NEW YORK (AP) — Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday that Amazon executive Andy Jassy will take over the CEO role on July 5. “We chose that date because it’s sentimental for me,” […]

NEW YORK (AP) — Amazon is going Hollywood. The online shopping giant is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition […]

WASHINGTON (AP) — The U.S. housing market has gotten so out of whack, with demand far outpacing supply, that prices have risen to record levels and roughly half of all U.S. houses are selling for above their list price. Data from real estate brokerage Redfin shows that two years ago, before the pandemic, just a […]

BAYONNE, N.J. (AP) — With the sun gleaming off the Manhattan skyline in the distance, the massive ship passed slowly underneath the Bayonne Bridge on Thursday morning, tooting its horn to the delight of about two dozen onlookers on the bridge deck hundreds of feet up. Even by the standards of ocean carriers, the CMA […]