Business News

UPS joins race for future of delivery services by investing in self-driving trucks

iStock(NEW YORK) — The self-driving tractor-trailer of the future is one step closer, with UPS in tow.UPS announced an investment in TuSimple, an autonomous truck startup, on Thursday in an effort to cut costs and time in the ever-increasing race for more-efficient ground deliveries. UPS has already contracted TuSimple to deliver packages between Phoenix and…read more »

Tyson Foods recalls 39,000 pounds of frozen chicken patties possibly contaminated with ‘foreign matter’

Tyson Foods, Inc.(NEW YORK) — Tyson Foods, Inc. is voluntarily recalling approximately 39,078 pounds of frozen chicken patties over concerns the products were possibly contaminated with “extraneous materials,” according to the U.S. Department of Agriculture. The impacted products were distributed in Missouri, Massachusetts, Connecticut, New Hampshire, New York, Vermont, Ohio, Pennsylvania, Texas and Virginia, according…read more »

New York City hosts first dog restaurant week

ablokhin/iStock(NEW YORK) — Starting this Sunday, New York City is going to the dogs.Dog lovers can dine out with their four-legged friends from Aug. 18 to Aug. 25 at a variety of local dog-friendly outdoor patios across Manhattan and Brooklyn for Dog Restaurant Week.The first of its kind in New York City, the event is…read more »

What is an inverted yield curve? It’s a recession’s canary in a coal mine

shipov/iStock(NEW YORK) — The Dow Jones Industrial Average suffered its worst day of 2019 on Wednesday, and economists offered an obscure culprit: an inverted yield curve.What is it, and why did it spook investors?On Aug. 14, the yield on 10-year Treasury bonds briefly fell below that of two-year bonds. That inversion, last seen in 2007,…read more »

Dow closes flat, holding most of Wednesday’s steep losses

narvikk/iStock(NEW YORK) — U.S. stock markets traded mostly flat on Thursday, in essence holding most of Wednesday’s steep losses.The Dow Jones Industrial Average traded 0.39% or 100 points higher to end the day at 25,578.39, holding most of the largest losses of the year from Wednesday on recession cues from the bond market.Similarly, the tech-heavy…read more »

What you can do now to protect your finances in the event of a recession

D-Keine/iStock(NEW YORK) — With growing fears of a recession after the worst trading day of 2019 on Wall Street, here’s what you need to know about how to protect your money.ABC News Chief Business, Technology and Economics Correspondent Rebecca Jarvis shares advice and best practices for people looking to protect their finances should a recession…read more »