The Dow Jones Industrial Average slumped by 700 points on Wednesday, as markets digested President Donald Trump’s stark warning that the U.S. could be facing […]
Category: Business News
Cannabis users, shops suffer high anxiety after Massachusetts shuts down recreational sales
Shannon Venezia hasn’t had a seizure in four and a half years — a fact that she attributes to her decision to treat her epilepsy […]
Wall Street just had one of its worst quarters in history
Wall Street just ended one of the worst quarters in stock market history, with all three major averages reflecting the devastating economic impact of the […]
Consumer confidence nosedives, as America braces for more economic pain to come
Consumer confidence dropped sharply as the bull market ended abruptly and Americans began to grasp the magnitude of the social and economic disruption caused by […]
Amazon fires warehouse worker who led NYC strike for more coronavirus protection
Amazon has fired a New York city warehouse worker who organized a strike to demand greater protections for employees amid the coronavirus outbreak. Chris Smalls, […]
Wall Street rallies, after Trump extends shutdown until April 30
Wall Street rebounded on Monday, after President Donald Trump announced the extension of the nation’s economic shutdown until April 30 at the earliest. The Dow […]
Some Instacart workers strike, others demand more as coronavirus alters labor landscape
For the past five years, Mia Marino’s job as a clothing store manager has provided her with “really great” raises that helped her buy a […]
Macy’s to start furloughing most employees amid coronavirus-related store closures
Macy’s said the majority of its employees will be furloughed beginning this week as it copes with significant sales losses during the coronavirus pandemic. The […]
U.S. set to lose title as top oil producer as demand plunges and gas drops below $1 per gallon
The oil market is in free fall, with one benchmark price hovering around $20 a barrel, and the national average price of gas dipping below […]
Coronavirus job losses could total 47 million, unemployment rate may hit 32 percent, Fed estimates
Millions of Americans already have lost their jobs due to the coronavirus crisis — and the worst of the damage is yet to come, according […]
In California, confusion over what businesses qualify as ‘essential’
After most businesses in California were closed under a “Stay at Home” order by Gov. Gavin Newsom on March 19 to prevent the spread of […]
Trump’s trade war exacerbated shortage of medical equipment
Hospital workers on the front lines of the fight against coronavirus are reporting dangerous shortages of supplies such as masks and gloves. Trade experts accuse […]
Stocks fall as questions rise over passage of $2 trillion economic relief package
Stocks tanked on Friday as the fate of the $2 trillion economic relief package suddenly came into question overnight. The Dow Jones Industrial Average fell […]
Out of work due to coronavirus shutdowns? How to file for unemployment benefits
The record-shattering spike in unemployment filings this week means a surge in Americans seeking assistance as the coronavirus pandemic triggers businesses to initiate layoffs and […]
What should you do with your stimulus check? The experts weigh in.
Consumers should spend their direct cash payment portion of the $2 trillion coronavirus aid package passed by the Senate on basic essentials — or put […]