The Seattle Times

URL:

https://www.seattletimes.com/

Catalog:

Economy

Publishes:

40.3 items/day

Amazon works with Black employees group to select organizations for $10 million donation

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The donations follow social media posts in recent days expressing solidarity with the Black community amid an uprising across the country over ongoing racial injustice, sparked by the death of George Floyd in Minneapolis.

North Dakota tribe to fight ruling giving minerals to state

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FARGO, N.D. (AP) — Leaders of the Mandan, Hidatsa and Arikara Nation in North Dakota and others are challenging a Department of Interior opinion rolling back an Obama-era memo stating that mineral rights under the original Missouri River bed should belong to the Three Affiliated Tribes. The memo filed May 26 by Daniel Jorjani, solicitor […]

How major US stock indexes fared Wednesday

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Stocks rallied again on Wall Street Wednesday, and the S&P 500 climbed back to where it was just one week after it set its all-time high earlier this year. The S&P 500 rose for a fourth straight day and climbed back within 8% of its record set in February as lockdowns loosen around the world […]

Zoom, Cheesecake Factory rise; HealthEquity, Ambarella fall

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NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Zoom Video Communications Inc., up $15.79 to $223.87 The video-conferencing company’s first-quarter financial results and forecasts blew past Wall Street’s expectations on a surge in demand. Microchip Technology Inc., up $11.95 to $108.79 Most Read Stories Seattle-area protests: Demonstrators gather for fifth […]

Closing prices for crude oil, gold and other commodities

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Benchmark U.S. crude oil for July delivery rose 48 cents to settle at $37.29 a barrel Wednesday. Brent crude oil for August delivery rose 22 cents to $39.79 a barrel. Wholesale gasoline for July delivery was little changed at $1.12 a gallon. July heating oil fell 3 cents to $1.06 a gallon. July natural gas […]

Malaria drug fails to prevent COVID-19 in a rigorous study

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A malaria drug President Donald Trump took to try to prevent COVID-19 proved ineffective for that in the first large, high-quality study to test it in health workers and others closely exposed to people with the disease. Results published Wednesday by the New England Journal of Medicine show that hydroxychloroquine was no better than placebo […]

Snapchat to stop ‘promoting’ Trump amid uproar over tweets

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OAKLAND, Calif. (AP) — Snapchat will stop “promoting” President Donald Trump on its video messaging service, the latest example of a social media platform adjusting how it treats this U.S. president. Last week, Twitter placed fact-check warnings on two Trump tweets that called mail-in ballots “fraudulent” and predicted problems with the November elections. It demoted […]

Ex-UAW president pleads guilty to living high life on dues

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DETROIT (AP) — A former president of the United Auto Workers pleaded guilty Wednesday to conspiring with others to embezzle dues to pay for golf trips, expensive meals and stays at California villas — the most significant conviction yet in a scandal that has roiled the union. Gary Jones, who appeared by video in federal […]

People harmed by OxyContin have more time to file claims

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People injured by the powerful prescription painkiller OxyContin have another 30 days to file legal claims against the manufacturer. A federal bankruptcy judge on Wednesday agreed to extend the filing deadline to July 30. Purdue Pharma and some of the governments suing the company requested the extension because the coronavirus pandemic might have prevented some […]

Stadium virus prevention steers spotlight toward fan privacy

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The metal detectors every sports fan has become accustomed to at the gate might soon be accompanied by thermal body scanners as part of the gargantuan task of preventing the spread of the new coronavirus and other airborne diseases. And that might be just one thing the public will need to be comfortable with in […]

Walmart drops ammunition, firearms on display in some stores

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NEW YORK (AP) — Walmart says it has removed ammunition and firearms from displays at some of its stores in the wake of the killing of George Floyd that has set off sometimes violent demonstrations against police brutality and injustice against African Americans. “As a responsible seller of hunting and sporting firearms, we have temporarily […]

Seattle-based American Seafoods to screen 2 more crews after most on third vessel test positive for COVID-19

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The new round of testing involves the crews of the American Triumph and the Northern Jaeger, as they dock in Bellingham, according to a company statement.

US job losses in May could raise 3-month total to 30 million

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WASHINGTON (AP) — The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working. Beneath the […]

Cinema chain AMC warns it may not survive the pandemic

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Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet. All of AMC’s theaters are shut down through June, which means the company isn’t generating any revenue. AMC said it had […]

Fed approves expansion of state and local support program

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WASHINGTON (AP) — The Federal Reserve has approved an expansion of its $500 billion emergency program to support state and local governments. The expansion will allow all states to have at least two cities or counties eligible to tap the Fed support program regardless of population. The Fed board approved the change Wednesday on a […]
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