After pounding big U.S. cities in the spring, COVID-19 now has engulfed rural and small-town America, seeming to seep into the country’s every nook and cranny.
Business & Financial News, U.S & International Breaking News
U.S. consumer confidence slips; house prices surge
U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter.
After weeks of delay, formal transition of power to Biden begins
U.S. President-elect Joe Biden focused on building his incoming administration and offered a message of healing on Tuesday as his transition team began contacting federal agencies to prepare for a handover of power in January from President Donald Trump.
Airlines set to lose $157 billion amid worsening slump: IATA
Airlines are on course to lose a total $157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.
GE warns of more job cuts at aviation business amid sluggish recovery
General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.
Tiffany beats profit estimates on soaring China demand
Tiffany & Co, which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on Tuesday as the U.S. jeweler benefited from an over 70% rise in sales in China and a recovery in demand at home.
Supreme leader dismisses talks as Iran looks to post-Trump future
Iran's supreme leader dismissed the prospect of new negotiations with the West on Tuesday, even as the Tehran government spoke optimistically about the return of foreign companies in "the absence of Trump" and his sanctions.
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