House lawmakers leading an antitrust investigation into Amazon demanded Friday that CEO Jeff Bezos testify about the company’s alleged practice of gleaning financial information from […]
Year: 2020
Jobless claims top 30 million as coronavirus continues to devastate economy
Around 3.8 million more workers filed for first-time employment benefits last week, bringing the national jobless total to a staggering 30 million — or around […]
Target, Walmart workers and others plan ‘sickout’ protests over coronavirus safety
A Target worker in Virginia wearing his own mask, gloves and safety glasses said he felt helpless recently when customers swarmed him as he organized […]
J. Crew is preparing for a bankruptcy filing that could come this weekend
Clothing apparel company J. Crew is preparing for a bankruptcy filing that could come as soon as this weekend, people familiar with the matter tell […]
Coronavirus could make the iconic department store a relic of the past
The department store, once a proud symbol of American excess and upward mobility, threatens to descend into obscurity as a result of the coronavirus, with […]
After coronavirus outbreak, Tyson temporarily closes Nebraska beef plant for cleaning
DAKOTA CITY, Neb. — Tyson Foods said Thursday that it was temporarily suspending operations at a large Nebraska beef processing that serves as the largest […]
Oil major Shell slashes dividend for the first time since World War II
Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in […]
Florida governor announces plan to slowly reopen Sunshine State on Monday after coronavirus shutdown
Florida Gov. Ron DeSantis unveiled a plan Wednesday to lift the state’s stay-at-home orders amid the coronavirus crisis that he called “safe, smart and step […]
Why are so many black-owned small businesses shut out of PPP loans?
The vast majority of black-owned small businesses do not qualify for the government’s emergency Paycheck Protection Program loan, despite a fresh round of CARES Act […]
Is the Federal Reserve helping Main Street or Wall Street?
The Federal Reserve pledged Wednesday to keep interest rates at current levels, while noting that the coronavirus pandemic will continue to weigh heavily on the […]
Costco to require face coverings for shoppers
Beginning next week, all Costco shoppers will have to wear face coverings to enter a store, the wholesale corporation announced Wednesday. Starting Monday, customers will […]
Hope, disappointment seen in trials for coronavirus drug
One large COVID-19 study hints at the potential benefit of an experimental drug called remdesivir, even as another study published the same day has disappointing […]
Wall Street rallies on ‘positive data’ from coronavirus treatment study
Wall Street rallied on Wednesday, with the Dow Jones Industrial Average jumping by around 450 points after a potential treatment for coronavirus offered promising results. […]
GDP falls by 4.8 percent, bringing longest economic expansion on record to abrupt halt
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record […]
Trump orders meat processing plants to stay open amid coronavirus pandemic
WASHINGTON — President Donald Trump signed an executive order on Tuesday to use the Defense Production Act to compel meat processing plants to stay open […]