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Trump bans dealings with Chinese owners of TikTok, WeChat

President Trump ordered a sweeping but vague ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, a move Chinese officials said was “political manipulation.‘'

TALKING POINTS

Capital One to pay $80m fine over hack last year

Stories you may have missed from the world of business.

Cheap cars disappear, relegating entry-level buyers to used 

Razor-thin profit margins on low-cost sedans no longer justify the investment and marketing costs to keep them at a time when many drivers are opting for sport-utility vehicles and trucks.

Automated driving systems frequently fail, AAA study finds

Researchers with AAA recently tested systems from five manufacturers over a distance of 4,000 miles and said they encountered problems every eight miles.

LARRY EDELMAN

Amid slow jobs recovery, all eyes on July report

New jobless claims fell modestly last week, the government said Thursday. Now attention turns to Friday's release of July employment data.

Wave of retail bankruptcies may sink landlords

Companies from J. Crew Group Inc. to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores.


Wall Street perks up as S&P 500 pulls within 1.1% of record

It was the fifth straight gain for the index. Early in the spring, when panic about the pandemic was at its height, the S&P 500 was down nearly 34 percent.

US rescinds global ‘do not travel’ coronavirus warning

The Trump administration on Thursday rescinded its warnings to Americans against all international travel because of the coronavirus pandemic, saying conditions no longer warrant a blanket worldwide alert.

Apple shines in pandemic with $2 trillion value on horizon

Early in 2020, Apple appeared to be caught in a horrible bind. But since then, Apple has managed to shine amid the gloom, putting it on the cusp of becoming the first US company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.

N.Y. attorney general seeks to dissolve NRA

New York’s attorney general is seeking to put the powerful gun advocacy organization out of business over allegations of questionable expenditures.

SHIRLEY LEUNG

Why I think Jesse Mermell, not Jake Auchincloss, is the right choice for Congress

We are living in a moment that calls for systemic change on race and gender. In so many ways, she's ready for it.

Mortgage rates plunge to record low 2.88% for 30-year loans

Mortgages rates have found another record low, potentially boosting a housing market that has been a bright spot for a shaky US economy.

Another 1.2 million Americans file unemployment claims

Another 1.2 million Americans filed new unemployment claims last week as the rate of newly jobless workers remained stuck above the 1 million mark for a 20th straight week.

Many more likely sought jobless aid amid resurgence of virus

With the nation still gripped by an alarming resurgence of coronavirus cases, the US government will provide its latest snapshot Thursday of the layoffs that have remained elevated at a weekly pace above 1 million since the pandemic erupted in March.