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NEW YORK – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616
NEW YORK (AP) — There is still plenty of life in Stephenie Meyer's "Twilight Saga." Meyer says she is planning at least two more books in her mega-selling vampire series. Meanwhile, the author's long-awaited "Midnight Sun" sold more than 1 million copies in its first week, the publisher Little, Brown Books for Young Readers announced Thursday. 354
NEW YORK — Now sold on Amazon: insulin and inhalers. The company said Tuesday that it has opened an online pharmacy, giving shoppers the chance to buy their medication on their phones and computers. The move propels Amazon into a new business and could shake up the pharmacy industry. The move puts the online retail giant in direct competition with big chains like CVS and Walgreens, who rely on their pharmacies to bring them a steady flow of shoppers who stop by frequently to pick up their medications. Amazon said it will offer commonly prescribed medications starting, including creams, pills and medications that need to stay cold, like insulin. Shoppers have to set up a profile on Amazon’s website and have doctors send prescriptions to Amazon. 762
NEW YORK (AP) — A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores around midnight. A more comprehensive ban remains scheduled for November, about a week after the presidential election. The judge, Carl Nichols of the U.S District Court for the District of Columbia, did not postpone that later ban. The ruling followed an emergency hearing Sunday morning in which lawyers for TikTok argued that the administration’s app-store ban would infringe on First Amendment rights and do irreparable harm to the business.Earlier this year, President Donald Trump declared that TikTok, owned by Chinese company ByteDance, was a threat to national security and that it must either sell its U.S. operations to American companies or be barred from the country.TikTok is still scrambling to firm up a deal tentatively struck a week ago in which it would partner with Oracle, a huge database-software company, and Walmart in an effort to win the blessing of both the Chinese and American governments. In the meantime, it is fighting to keep the app available in the U.S.TikTok said in a statement that it was pleased with the court ruling and continues to work to turn its deal proposal into an actual agreement. The Commerce Department, which is responsible for the specific orders banning TikTok, said it will comply with the judge’s order but intends to vigorously defend the administration’s efforts against the app. 1519
Neighbors in a Florida neighborhood couldn't believe that random strangers were lining up on their street in the middle of the night for some beer. This past week, Angry Chair Brewing in Seminole Heights, Florida was been participating in Tampa Bay Beer Week and released a special barrel-aged Imperial German Chocolate Cupcake Stout for the event.For the past few days, neighbors have told Scripps station WFTS in Tampa that people began lining up in the middle of the night to guarantee they’d get their hands on a bottle.Ryan Dowdle, owner of Angry Chair, took to Facebook, posting:“We ABSOLUTELY NEED to get the bodies out of this neighborhood now.” He went on with a hashtag that said #dontparkonfern 748
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