American and 4 other airlines reach loan agreements with US
American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry's desperate fight to survive a downturn in air travel caused by the virus pandemic. Read more >>
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At first glance, the June employment report was a blockbuster. The U.S. economy produced a record 4.8 million added jobs last month, walloping expectations. And the unemployment rate sank from 13.3% all the way to 11.1%. Read more >>
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Social media companies face revenue hit from boycotts
Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. Read more >>
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