Beer sales are picking up again, says world’s biggest brewer

Beer sales are bouncing back, according to the world’s largest brewer. Anheuser-Busch InBev reported Thursday that its global sales volume picked up in June after three months of declines because of the Covid-19 pandemic. Restrictions related to the coronavirus crisis had been weighing heavily on the brewer’s business, cutting global sales volume by roughly a…MORE

How bad is the US recession? Investors are about to find out

This spring, the US economy was put into an unprecedented deep freeze — and economists, investors and policymakers are about to learn the extent of the damage done. What’s happening: The US Bureau of Economic Analysis is due to release its first estimate of GDP for the April-to-June quarter on Thursday. Economists polled by Refinitiv…MORE

Unemployment claims rise for second week in a row

In yet another sign that the economic recovery is teetering in a resurgence of coronavirus cases, the number of Americans filing first-time unemployment claims rose for the second week in a row. Some 1.4 million people filed for initial jobless claims last week, up 12,000 from the prior week’s revised level, which was the first…MORE

Domino’s New Zealand stops giving free pizzas to ‘Karens’ after backlash

Domino’s in New Zealand has pulled a promotion offering free pizzas for “great” people named Karen following a backlash. The pizza chain launched the promotion in New Zealand and Australia earlier this week, saying all “mask wearing, law abiding Karens… that aren’t, well, ‘Karens’” were eligible to enter online for a chance to win a…MORE

Dunkin’ is closing 800 US locations

Dunkin’ is permanently closing 8% of its United States locations, which amounts to roughly 800 restaurants. The company announced the changes in its second quarter earnings, released Thursday. Dunkin’ described the closures as “real estate portfolio rationalization” and said the affected locations are in “low-volume sales locations” that only represent 2% of its US sales…MORE

Consumers are eating more at home. That’s great news for Kraft Heinz

Americans are stuck at home, which means they’re eating out less and eating at home more. This is welcome news for food giant Kraft Heinz. The macaroni and cheese and ketchup king reported sales and earnings that topped forecasts Thursday. The company posted solid sales gains at its US retail business, citing strong demand from…MORE

Sales of Dawn and Bounty paper towels are surging

People are scrubbing down their homes and washing their dishes more often in the pandemic, and that’s a win for Procter & Gamble. The company, which makes brands like Tide laundry detergent, Dawn dish soap and Charmin toilet paper, said Thursday that sales rose 5% to $17.7 billion in the three months ended June 30,…MORE

How Germany’s economy shrank 10% but the jobless rate barely moved

Europe’s largest economy suffered its worst slump on record in the second quarter, as the coronavirus pandemic took a heavy toll on exports and consumer spending. Despite the historic collapse in German GDP, the unemployment rate in the world’s fourth biggest economy ticked just a few notches higher — thanks to a short-time work program…MORE

Breonna Taylor featured on Oprah Magazine’s September cover

For the first time in its 20-year history, Oprah Winfrey will not be the cover star of her namesake magazine. Instead, the September issue’s cover will pay tribute to Breonna Taylor, the 26-year-old Black woman who was killed by police in March. Winfrey revealed the cover on Twitter and Instagram Thursday. “We can’t be silent,”…MORE

Going to the doctor for routine checkups may be a thing of the past

A doctor’s office may be one of the last places people want to visit given concerns about the Covid-19 pandemic. That’s why more Americans are flocking to virtual health providers like Teladoc. Teladoc reported after the closing bell Wednesday that its revenue soared 85%, topping Wall Street’s forecasts. And the number of virtual doctor visits…MORE


Local Weather