1.2 million seek jobless aid after $600 federal check ends

Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.

Disney 3Q revenue drops 42%, missing expectations

Walt Disney Co. on Tuesday reported that its net income fell dramatically in the three-month period that ended in June when most of its theme parks were shuttered and theatrical movie releases were postponed.

US manufacturing improves in July, outlook clouded by coronavirus

The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.