U.S. retailer J.C. Penney to close another 152 stores, cuts 1,000 jobs

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Latest Economic News

  • Asian shares extend rally after S&P 500 nears record

    Economic CTV News
    Shares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February. Investors appear to be shrugging off surging coronavirus caseloads in dozens of countries. Source
  • World shares mixed after Asian markets track Wall St rally

    Economic CTV News
    Shares were mixed in early European trading on Tuesday after a strong day of gains in Asia, while U.S. futures edged lower. Benchmarks slipped in London and Frankfurt on Tuesday but rose in Paris, Tokyo and Hong Kong. Source
  • Google unveils budget Pixel phone as pandemic curbs spending

    Economic CTV News
    SAN RAMON, CALIF. -- Google has started selling a long-delayed budget smartphone boasting the same high-quality camera and several other features available in fancier Pixel models that cost hundreds of dollars more. The Pixel 4a unveiled Monday will be available Aug. Source
  • FAA spells out design changes needed in grounded Boeing jet

    Economic CTV News
    Federal regulators said Monday they will require several design changes to the Boeing 737 Max to fix safety issues that arose in two deadly crashes and led to the worldwide grounding of the plane. The Federal Aviation Administration proposed software change requirements in the flight-control computers, new alerts to pilots under some conditions, and the rerouting of some wiring on the planes. Source
  • Trump gives Microsoft 45 days to land TikTok deal after threatening to ban Chinese-owned video app

    Economic CBC News
    U.S. President Donald Trump said on Monday he does not mind if Microsoft Corp. buys the Chinese-owned short-video app TikTok, but any purchase by an American company would have to be done by a Sept. 15 deadline. Source
  • More corporate meetings to go virtual after success during pandemic

    Economic CBC News
    Any shareholder who's ever endured hours of travel to attend a company's annual meeting is in for good news in the wake of the COVID-19 pandemic. Experts say the success of AGMs taken virtual this year will likely translate into more options for online and teleconference participation at future events — provided that some technical bugs can be ironed out and with the caveat that full shareholder participation is necessary. Source
  • Microsoft, other big tech companies lead early gains on Wall Street

    Economic CBC News
    Wall Street is starting August with more gains, and U.S. stocks are climbing in early Monday trading following encouraging reports from around the world on the economy. The S&P 500 was 0.7 per cent higher, tacking more gains onto its four-month winning streak, with Big Tech once again leading the way. Source
  • Microsoft, other big tech companies lead gains on Wall Street

    Economic CBC News
    Wall Street is starting August with more gains, and U.S. stocks are climbing in early Monday trading following encouraging reports from around the world on the economy. The S&P 500 was 0.7 per cent higher, tacking more gains onto its four-month winning streak, with Big Tech once again leading the way. Source
  • S&P 500 gains more with Microsoft, other tech companies leading the way

    Economic CBC News
    Wall Street is starting August with more gains, and U.S. stocks are climbing in early Monday trading following encouraging reports from around the world on the economy. The S&P 500 was 0.7 per cent higher, tacking more gains onto its four-month winning streak, with Big Tech once again leading the way. Source
  • Clorox becomes 'it' brand in world sheltered in place

    Economic CTV News
    Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic. The company also announced Monday that Linda Rendle will become its CEO in September. Source