Some of Wednesday’s top business news stories:
Associated Press
US consumer confidence falls in August to lowest in 6 years, by Martin Crutsinger
July sales of new homes surge 13.9%, far more than thought, by Matt Ott
CNN
The US and China say they’re making progress on trade, even as other tensions worsen, by Shawn Deng, Laura He
American Airlines will lay off 19,000 workers if it doesn’t get additional federal help, by Chris Isidore
The Wall Street Journal
Exxon’s Departure From Dow Highlights Market’s Retreat From Energy Bets, by Karen Langley
Salesforce Lifts Full-Year Revenue Outlook as Customers Work Online, by Aaron Tilley
CNBC
General Motors uses salaried employees to keep Missouri plant open as assembly line workers call out sick due to coronavirus, by Michael Wayland
Nordstrom’s sales fall 53% as department store chain suffers store closures amid pandemic, by Lauren Thomas
Reuters
Banks in bonus balancing act as economies shrink but markets boom, by Sinead Cruise
Toll Brothers profit falls about 22% as virus hits home prices, by Ankit Ajmera
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