Business Management
Why Main Street is suffering while Wall Street is soaring
Although nearly 40 million Americans have lost their jobs and small businesses are struggling to stay solvent, you might not realize that if you only watched the stock market.
The Dow Jones Industrial Average, Nasdaq and S&P 500 have all bounced back from their lows, with the Dow breaching the 25,000 mark on Wednesday for the first time since March. Even as the coronavirus pandemic ravages the Main Street economy, Wall Street hasn’t come close to the 50-plus percent drop it suffered during the Great Recession.
It’s puzzling, but economic experts say there are technical and policy reasons why stock
Boeing to lay off almost 7,000 workers this week, for total of 12,000 job losses
Boeing announced plans to lay off almost 7,000 workers this week, as the coronavirus crisis continues to hammer the aircraft manufacturer."We have come to the unfortunate moment of having to start involuntary layoffs. We’re notifying the first 6,770 of our U.S. team...
As Starbucks locations reopen nationwide, workers question why they should risk their life ‘for a frappuccino’
Restless coffee addicts emerging from lockdowns are doubtlessly cheering the return of some normalcy, after Starbucks said it would be reopening almost 90 percent of its locations by June 1.But many employees are questioning why a company known for its highly...