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Category: News


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US jobless claims rise to 898,000 with layoffs still high

October 15, 2020

Via: ABC News

The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession. Thursday’s report from […]


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Congress just finished its Big Tech antitrust report — now it’s time to rewrite the laws

October 7, 2020

Via: NBC News

House Democrats unveiled their nearly 450-page antitrust report Tuesday finding Amazon, Apple, Facebook and Google each hold monopoly power and, in some cases, should have parts of their businesses effectively broken up. Now, the real work begins. Lawmakers are charged […]


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Stocks making the biggest moves midday: Boeing, SeaWorld, Sonos, Costco and more

October 6, 2020

Via: CNBC

SeaWorld Entertainment — SeaWorld shares popped more than 7% after a Credit Suisse analyst upgraded them to outperform from neutral. The analyst also hiked his price target on the stock to $30 per share from $13 per share, implying a […]


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661,000 jobs added last month, unemployment fell to 7.9% as some states reopen, others face COVID-19 surges

October 2, 2020

Via: USA TODAY

U.S. employers added a disappointing 661,000 jobs in September as Sunbelt states resumed business reopenings that were disrupted by COVID-19 spikes over the summer, offsetting persistent layoffs by struggling firms that have exhausted federal aid. The unemployment rate fell to […]


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The White House unveils a new stimulus package with $400 weekly unemployment benefits and $1,200 checks

October 1, 2020

Via: Fortune

During a closed-door meeting on Wednesday, Treasury Secretary Steven Mnuchin offered House Speaker Nancy Pelosi the White House’s biggest stimulus offer yet. The White House upped its stimulus offer from $1.3 trillion to $1.6 trillion. That’s still below the $2.2 […]


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Why Google’s $1 billion deal with news publishers isn’t the end of their war

October 1, 2020

Via: Fortune

Google has been at war with the news-publishing industry for most of the last decade, over the issue of whether the search giant should be paying fees to display snippets of articles in Google News. On Thursday, it appeared a […]


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From Disney to Shell, companies announced tens of thousands of job cuts over just one day

October 1, 2020

Via: Fortune

Tens of thousands of job cuts announced by blue-chip companies in a 24-hour period are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the U.S. labor market. […]


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Economy plunges 31.4% in spring but big rebound expected

September 30, 2020

Via: ABC News

The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time that has happened since the Great Recession. […]


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NYC to investigate whether Trump paid city taxes: de Blasio

September 28, 2020

Via: NY Daily News

The city Department of Finance will investigate whether President Trump has paid his city taxes, Mayor de Blasio said Monday night in the wake of a bombshell report finding the commander-in-chief paid zero federal income taxes in 10 out of […]


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Many more likely sought US jobless aid as layoffs persist

September 24, 2020

Via: ABC News

The U.S. government will provide its latest snapshot Thursday of the pace of layoffs, which have remained elevated but have been declining as some sectors of the economy have rebounded in the six months since the viral pandemic erupted. The […]