Two NASA astronauts have returned to Earth in a dramatic, retro-style splashdown carried out by Elon Musk’s SpaceX company.
Unions are gaining support in Congress for another $32 billion in federal aid to protect airline workers from layoffs for another six months.
India’s technology minister says three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government.
Microsoft is in advanced talks to buy the US operations of TikTok, the popular Chinese owned video app that has been a source of national security and censorship concerns.
The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS reported a second-quarter profit of $1.77 billion with the pandemic fueling a 21% surge in daily shipping volume, the largest quarterly increase ever recorded by the company.
More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.
Volkswagen lost money in the second quarter as the pandemic closed factories and dealerships.
Royal Dutch Shell says second-quarter earnings plunged 82% as the COVID-19 pandemic slashed energy prices and demand.
Boeing is reporting a loss of $2.4 billion for the second quarter, and it will slow production and cut more jobs as the airplane market gets battered by the coronavirus outbreak.
The number of Americans signing contracts to buy homes rose for the second straight month as the housing market appears to be recovering from a devastating spring freeze because of the coronavirus outbreak.