Economy

Amazon to Allocate $18 Billion to Help Small, Medium-Sized Businesses

E-commerce giant Amazon is eyeing to invest $18 billion in 2020 to help small and medium-sized businesses grow their sales.
Google's headquarters in Mountain View, California

Google to Face Antitrust Charges in Coming Weeks, Reports Say

Google is likely to face an antitrust case by from the Department of Justice (DOJ) by the end of the month.
Trump's Deferral Payroll Taxes Won't Give Benefit to These Group of People

Trump's Payroll Tax Deferral Won't Give Benefit to this Group of People

President Donald Trump signed an executive order that calls for a payroll tax deferral starting September 1 until the end of 2020.

US Bankruptcy Filings Slowed Down in August

Business bankruptcy filings in the United States has significantly decreased in August from previous months.
Money

LA City Council Announces Fiscal Emergency

The Los Angeles City Council declared a fiscal emergency Wednesday, approving plans for furlough and retirement buyouts.
The Apple logo as displayed at an Apple Store

Apple Installs COVID-19 Contact Tracing Feature Into iOS 13.7

Apple released iOS 13.7 on Tuesday, adding support for their new exposure system that can be used for COVID-19 contact tracing.
Apple store employees

Apple Store Employees Should Be Paid for Time Waiting to Be Searched, Court Says

Apple Store employees should be paid for the time they spend waiting for bag searches at the end of the shift, the California Supreme Court says.

PPP Loans Awarded Improperly to Thousands of Small Businesses, Report Says

Tens of thousands of small-business loans under the Paycheck Protection Program (PPP) may have been subjected to fraud, waste, and abuse, a report said.
California Business Owners Unhappy With New COVID Guidelines

California Business Owners Unhappy With New COVID-19 Guidelines

California business owners are slamming the new COVID-19 guidelines rolled out in California on August 31 to determine which businesses can reopen.

Peugeot 208 Debuts in Latin America as Local Production Commences in Argentina

Peugeot 208 debuts the modern CMP platform in Latin America as it begins production at the El Palomar plant, a satellite town of Buenos Aires in Argentina.
Donald Trump

Trump Suspends Collection of Social Security Tax

The Trump administration announced Friday that the collection of some Social Security taxes is suspended until the end of the year.

Reviving Florida Tourism: DeSantis Says Air Travel Is Safe

Reviving Florida Tourism has made Governor Ron DeSantis urging people to get on the plane as air travel is now safe.
California Gov. Gavin Newsom unveils new 4-tier system for business reopening in the state.

Gavin Newsom to Revive California Economy With 4-Tier System for Businesses Reopening Amid Pandemic

Gavin Newsom, the governor of California, hopes for the state’s economy to be rekindled by a new four-tier System Coronavirus Rules which he announced on August 28, in an effort to stem the surge of COVID-19 transmission in the state.

Stimulus Checks Put on Hold Prompts Americans to Spend Less on Groceries

Stimulus checks put on hold prompts Americans to cut back on their grocery spending as the economy is still uncertain due to the coronavirus pandemic.
Walmart

Walmart Joins Microsoft in a Bid to Acquire TikTok's US Operation

Walmart, a well-known U.S. retail giant, announced that it would team up with Microsoft in pursuit of getting the TikTok operations in the country, which has an impending ban.
Facebook

Facebook Sues Developer for Alleged Data-Stealing Scheme

Social media giant Facebook has filed a lawsuit on Thursday against MobiBurn for allegedly harvesting information about the social media's users without permission.
Disney+ Showcase Presentation At D23 Expo Friday, August 23

TikTok CEO Quits as Company Faces Threat of Ban in US

TikTok CEO Kevin Mayer has quit from the Chinese-owned video sharing app following a recent threat by President Donald Trump to ban the app in the United States,

Abbott Laboratories' 15-Minute COVID-19 Test Receives FDA's Approval

The U.S. Food and Drug Administration (FDA) has granted emergency use authorization to another rapid COVID-19 test from Abbott Laboratories.
Amazon CEO And Blue Origin Founder Jeff Bezos Speaks At Air Force Association Air, Space And Cyber Conference

Jeff Bezos Becomes First Person in History to Reach $200 Billion Net Worth

Jeff Bezos is now the richest man alive, as his net worth ballooned to more than $200 billion, according to the Bloomberg Billionaires Index.

KFC Drops 'Finger Lickin Good' Slogan Amid COVID-19 Pandemic

Global fast food giant KFC said it is temporarily suspending its 64-year old slogan, "Finger Lickin' Good," given the current hygiene advice because of the coronavirus pandemic.
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