Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able […]
Year: 2020
Why Wayfair is thriving amid the pandemic
When Carl Constant was told by his company in mid-March that he’d be working from home indefinitely because of the pandemic, he decided to stick […]
The government has earmarked billions to help farmers. There will be winners and losers.
Behind the scenes, members of Congress and lobbyists for interest groups have been vying for their say on how the money is spent. At least […]
The number of women running Fortune 500 companies just hit a new high
The number of women running Fortune 500 companies has hit a new record, according to this year’s Fortune 500 list. Currently, there are 37 women […]
For Latinos who’ve lost jobs or whose businesses are at risk, here are resources to know
The startling 14.7 percent unemployment figure released last Friday bears even more sobering news for Latino workers: Among Hispanics, the unemployment rate stands significantly higher, […]
Wall Street soars as vaccine news prompts hope of economic recovery
Wall Street soared Monday after U.S.-based drugmaker Moderna said it has seen “positive” results from its first human trial for a vaccine against COVID-19, prompting […]
From touchless payments to ‘quarantined’ returns, the retail experience may be forever changed
Eager shoppers will soon be able to browse their local retail stores as states continue to roll back stay-at-home orders. But instead of testing a […]
JCPenney files for bankruptcy as the coronavirus hammers retail
The long struggling department store JCPenney filed for bankruptcy on Friday, becoming the third major retailer following J.Crew and Neiman Marcus to restructure its debt […]
Which major retail companies have filed for bankruptcy since the coronavirus pandemic hit? Here’s the list.
From iconic department stores to entertainment giants, the coronavirus has seemingly spared no one in its devastation of the U.S. economy. With bankruptcy currently hovering […]
Trump administration weighs suspending program for foreign students, prompting backlash from business, tech
WASHINGTON — At the direction of the White House, the Department of Homeland Security has sent recommendations for further restricting legal immigration during the COVID-19 […]
NYSE will reopen May 26 with temperature checks and masks for traders
The New York Stock Exchange will reopen May 26, its president announced Thursday, allowing a “subset” of brokers — who will wear masks — back […]
Airlines not happy with Boeing CEO after he said one of them would ‘most likely’ fold
Boeing CEO David Calhoun has spoken with some airline CEOs in recent days to try to smooth over tensions after he told NBC’s “TODAY” show […]
Coronavirus hot spot in Minnesota connected to surge of cases at meatpacking plant
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 […]
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 […]