finance
HealthYahoo Finance2020 is 'a perfect storm' for substance abuse and 'it's really scary'
Public health experts expressed concerns that the pandemic could “threaten to make the opioid crisis” substantially worse. Data shows they were right to be concerned.
PoliticsYahoo FinanceFormer border commissioner: President Trump's 'incredibly expensive' border policy didn't make sense in first place
President Trump’s border “wall” has come at a hefty price so far. And according to a previous leading border official, that money could be better spent in other places.
BusinessAssociated PressQ&A: What does banning TikTok and WeChat mean for users?
The U.S. government is cracking down on the Chinese apps TikTok and WeChat, starting by barring them from app stores on Sunday. President Donald Trump has cited concerns about Chinese government snooping as his administration prepares to follow through on executive orders that could make it increasingly difficult, if not impossible, for Americans to use the apps. Trump has also floated a potential way out, at least for TikTok, which on Friday he called an “amazing company” that is “very, very popular.”
LifestyleAssociated PressCoronavirus-wary Bavarians kick off toned-down Oktoberfest
Oktoberfest celebrations got underway Saturday in Munich with the traditional tapping of a keg and the cry of “O'zapft is!” — “It's tapped!” — but this year's festival is very non-traditional and highly regulated due to coronavirus concerns. The official Oktoberfest has been cancelled, so there's no huge tents full of people or hundreds of stands selling food. Former Mayor Christian Ude got the party started, hammering a tap into a 20 liter (5 gallon) keg — a tenth of the size of the Oktoberfest norm — at the Schillerbraeu beer hall while dressed in Bavarian lederhosen leather pants and wearing a protective mask.
PoliticsYahoo FinanceStudent loans in America are 'a federal government problem,' expert explains
Fixing the $1.68 trillion student debt crisis in America is the responsibility of the government, according to one expert.
BusinessAssociated PressMaine blueberry industry reels from drought, frost, virus
A late spring frost, a devastating drought and labor troubles wrought by the coronavirus pandemic conspired to make 2020 a difficult year for the wild blueberry producers who harvest the fruit in the nation's northeastern corner. America's producers of wild blueberries are largely located in Maine, where the blueberry industry has battled fungal plant diseases and erratic market conditions in recent years. The rural Maine counties that contain most of the country's wild blueberry fields are even now facing moderate drought conditions, according to the U.S. Drought Monitor.
PoliticsAssociated PressAs Trump holds back, tech firms step in on election security
Adam Schiff was in the audience at the 2018 Aspen Security Forum when a Microsoft executive mentioned an attempted hacking of three politicians up for reelection. It was the first that Schiff, then the top Democrat on the House Intelligence Committee, had ever heard of it. Schiff said he thought it was “odd” that Congress hadn’t been briefed.
BusinessYahoo FinanceStock market news live updates: Tech rout drags Nasdaq, S&P 500 to lowest in at least 6 weeks; Dow slides nearly 1%
Tech stocks are suffering despite little change in the outlook, and the broader market is falling in their wake.
BusinessYahoo FinanceStudy: Freelancing surges in coronavirus era, workers find pay, flexibility attractive
The freelance economy is picking up momentum as Americans are turning to more 'flexible' options from ‘traditional’ careers during the coronavirus pandemic.
PoliticsYahoo FinanceCoronavirus vaccine doesn't depend on President Trump's rhetoric, doctor explains
President Trump recently claimed a vaccine will be available within a few weeks, but Dr. Ezekiel Emanuel stressed that Trump’s claims are only wishful thinking.
BusinessYahoo FinanceEx-Fed governor: Coronavirus impact 'more fundamental and long-run' than 9/11, 2008 crisis
The COVID-19 crisis “is going to have a more fundamental and long-run impact on the structure" of the economy, Randall Kroszner explained.
BusinessYahoo FinanceNetflix cancellations surge 'materially' in the wake of 'Cuties' controversy, data shows
Netflix is facing serious backlash following the release of the French coming-of-age film “Cuties” — and new data suggests it could be leading to cancellations on the platform.
BusinessYahoo FinanceWith TikTok, Trump takes on 100 million more Americans
The Trump-TikTok saga touches on nearly every hot-button issue of our time.
BusinessBloombergSingapore Airlines pilots agree to deeper pay cuts to save jobs
Singapore Airlines Ltd. pilots have agreed to further pay cuts to remain in employment.
NewsAssociated PressAsia Today: India's cases keep rising; rallies in Melbourne
India has maintained its surge in coronavirus cases, adding 93,337 new confirmed infections in the past 24 hours. The Health Ministry on Saturday raised the nation’s caseload to more than 5.3 million out of the nearly 1.4 billion people. It said 1,247 more people died in the past 24 hours for a total of 85,619.
NewsAssociated PressThe Latest: Protest in London over virus restrictions
Police in London have clashed with protesters at a rally organized by opponents of restrictions aimed at curbing the spread of the coronavirus. Scuffles broke out Saturday as police moved in to disperse hundreds of demonstrators who gathered in central London’s Trafalgar Square. Britain has 338,420 confirmed cases and 41,821 deaths, the fifth-highest death toll in the world, according to a tally by Johns Hopkins University.
NewsAssociated PressChina announces regulations for 'unreliable entity' list
China’s Ministry of Commerce on Saturday issued regulations for its “unreliable entity” list, aimed at foreign companies it says endanger its national sovereignty, security or development interests. Companies that end up on the list could be banned from importing or exporting from China, and may be barred from investing in the country. Other measures include imposing fines, entry restrictions on employees into China and revoking their work or residence permits.
- NewsAssociated Press
AP Top Financial News at 1:47 a.m. EDT
US bans WeChat, TikTok from app stores, threatens shutdowns
- TechnologyAssociated Press
AP Top Extended Financial Headlines at 1:47 a.m. EDT
The U.S. Commerce Department said it is prohibiting Chinese-owned TikTok and WeChat from app stores as of Sunday, citing national security and data privacy concerns
NewsAssociated PressHawaii court hears case on legality of foreign fishing labor
The Hawaii Supreme Court heard arguments Friday on the legality of granting licenses to foreign workers in Hawaii’s longline commercial fishing fleet, which for years has been under scrutiny after an Associated Press investigation revealed claims of human trafficking and questionable labor practices. The case involves the issuance of Hawaii state commercial fishing licenses to individual foreign fishermen who are not “lawfully admitted” to the United States. State law says only those legally in the country can get licenses to catch and sell marine life, but the workers do not have visas to enter the U.S. so they are ordered to live onboard the fishing boats by federal officials.
- BusinessAssociated Press
How major US stock indexes fared Friday
Stocks are closing lower on Wall Street Friday, as another zig-zag week for markets ends with a third-straight weekly loss for the S&P 500. Technology companies, including Apple, Amazon and Alphabet, weighed particularly heavy on the market decline. Stocks have swirled this week despite the Federal Reserve saying it expects to keep short-term interest rates at record lows.
PoliticsYahoo FinanceWeChat battle spills into the weekend ahead of Trump's ban on the Chinese app
A San Francisco district court judge delayed a decision Friday over a preliminary injunction sought by a group of WeChat users to block the Trump administration from implementing a ban on the popular Chinese mobile app, scheduled to go into effect Sunday.
NewsAssociated PressWisconsin secretary resigns amid unemployment claim backlog
The state Department of Workforce Development's top leader resigned Friday after failing to find a way to address a massive backlog of unprocessed unemployment benefit claims sparked by the coronavirus pandemic. Democratic Gov. Tony Evers' office said Caleb Frostman stepped down after the governor called for his resignation. Republicans have peppered Evers with criticism for months over the department's inability to process tens of thousands of benefit claims that have been flowing in since the coronavirus took hold in the U.S. in March.
BusinessYahoo FinanceTikTok's abrupt end would send a 'chill to the boardroom': IMD Business prof
Commerce Secretary Wilbur Ross says the U.S. plans to restrict U.S. access to the Chinese-owned apps TikTok and WeChat on Sunday night on national security and data privacy grounds. IMD Business School LEGO Professor of Management and Innovation Howard Yu told Yahoo Finance’s On the Move that there’s a “lack of security experts’ opinions weighing in” on the situation.
- BusinessAssociated Press
US Steel, Aptiv rise; NatWest Group, Roku fall
Masco Corp. up 14 cents to $57.69. The maker of Behr paint and home improvement products declared a quarterly dividend of 14 cents a share.
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