Login | August 15, 2020
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US trade deficit drops in June on record rise in exports
WASHINGTON (AP) — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports.
The Commerce Department said recently that the gap between the value of what the United States buys and what it sells abroad fell 7.5% to $50.7 billion in June from $ ... (full story)
Telemedicine provider Teladoc to spend $18.5B on Livongo
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One of the nation's biggest telemedicine providers will spend more than $18 billion to stoke an approach to care that grew explosively during the pandemic and recently received an endorsement from President Donald Trump.
Teladoc Health Inc. plans to dive deep into managing the health of patients with diabetes and high blood pres ... (full story)
AP Exclusive: Rare wildflower could jeopardize lithium mine
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RENO, Nev. (AP) — A botanist hired by a company planning to mine one of the most promising deposits of lithium in the world believes a rare desert wildflower at the Nevada site should be protected under the Endangered Species Act, a move that could jeopardize the project, new documents show.
The unusually candid disclosure ... (full story)
Survey: US companies cut back sharply on hiring in July
WASHINGTON (AP) — U.S. businesses sharply reduced hiring last month, suggesting that resurgent COVID-19 infections slowed the economic recovery as many states closed parts of their economies again and consumers remained cautious about spending.
U.S. firms added just 167,000 jobs in July, payroll processor ADP said Wednesd ... (full story)
Can you have too much credit?
People who care about their credit scores tend to obsess about some things they probably shouldn’t, such as the possibility they might have too much credit.
Let’s bust that myth right upfront: The leading credit scoring formulas, FICO and VantageScore, don’t punish people for having too many accounts. And right ... (full story)