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Money & Markets

Left for dead, twice, RadioShack gets another shot online

SILVER SPRING, Md. — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It’s the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S. retail ...

GM flips to California’s side in pollution fight with Trump

DETROIT — General Motors is switching sides in the legal fight against California’s right to set its own clean-air standards, abandoning the Trump administration as the president’s term nears its close. CEO Mary Barra said in a letter Monday to environmental groups that GM will no ...

US jobless claims rise to 742,000; millions to lose aid

WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The worsening pandemic and the arrival of cold ...

Boeing Max cleared for takeoff, 2 years after deadly crashes

After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a “comprehensive and methodical” 20-month review process. ...

Pfizer: COVID-19 shot 95 percent effective, seeking clearance soon

Pfizer said Wednesday that new test results show its coronavirus vaccine is 95 percent effective, is safe and also protects older people most at risk of dying — the last data needed to seek emergency use of limited shot supplies as the catastrophic outbreak worsens across the globe. The ...

Twitter, Facebook CEOs vow election action

WASHINGTON — As the CEOs of Twitter and Facebook gave assurances of vigorous action against election disinformation, Republicans at a Senate hearing Tuesday pounded the social media companies over political bias, business practices and market dominance, laying the ground for curbs on their ...