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 […]
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 […]