Workers and residents in a small Minnesota town who protested outside a meatpacking plant this week are demanding that it be temporarily closed for cleaning […]
Month: May 2020
Initial jobless claims totaled 2.98 million last week, higher than expected
Around 2.98 million Americans filed for first-time unemployment claims last week, more than economist expectations of 2.7 million, and the eighth-straight week of numbers in […]
In China, three decades of economic growth screeches to a halt
BEIJING — For more than a generation, China — boasting the biggest manufacturing sector and the largest workforce in the world — has made economic […]
Wall Street slides after Fed Chairman says economic outlook includes ‘great uncertainty’
Wall Street benchmarks closed sharply down on Wednesday, after Federal Reserve Chairman Jerome Powell warned of a longer recession if Congress did not step in […]
Some Tesla factory employees say they’re being pressured to return to work
When Jessica Naro was told she would need to report back to work Wednesday at Tesla’s automobile assembly plant in Fremont, California, her first thought […]
Coronavirus has lifted the work-from-home stigma. How will that shape the future?
The fast-moving coronavirus pandemic has forced millions of Americans to work from home, with no immediate end in sight. Dates for when employees will return […]
Trump’s $200 billion trade deal with China already at risk due to coronavirus
China’s commitment to purchase $200 billion in U.S. exports by the end of 2021 has been badly sidelined by the dual supply-and-demand shock delivered by […]
A decade of neglect has caught up to U.S. unemployment offices
In New Jersey, a 60-year-old programming language became the scapegoat for years of neglect after the state’s unemployment website struggled to handle the flood of […]
Coronavirus pandemic could force a major U.S. airline out of business, says Boeing CEO
The airline industry is having an “apocalyptic” moment that could force a major U.S. carrier out of business, said David Calhoun, president and CEO of […]
Elon Musk defies local orders, reopens Tesla factory anyway
Tesla CEO Elon Musk has reopened his primary car assembly plant in Fremont, California, defying a countywide order that restricts nonessential businesses to “minimum basic […]
SEC sues Florida investment firm over alleged inflated portfolio value
The Securities and Exchange Commission has sued TCA Fund Management Group, a Florida investment company cited in a January NBC News report, for allegedly improperly […]
Unemployment rate soars to 14.7 percent, highest level since the Great Depression
President Donald Trump has pushed for a swift turnaround after weeks of lockdowns, saying he believes the economy will “transition into greatness” in the third […]
Lights, camera, hand sanitizer! Hollywood looks to reopen under a new normal
As California moves to gradually reopen parts of its once-booming economy, Hollywood remains firmly closed. The industry — which directly employs about 927,000 people across […]
COVID-19 strikes discordant note for music industry, but artists find a way to persevere
This time, New Kids on the Block really did have to take it step by step. The pop band recorded their newest single, “House Party,” […]
Tesla files lawsuit against California county over plant shutdown
Tesla, the electric vehicle maker controlled by billionaire Elon Musk, filed a federal lawsuit Saturday against Alameda County in California challenging its precautionary shutdown of […]