Unemployment claims soared to 3.3 million last week, most in history
A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the…
Continue ReadingBiz/Tech
The scariest aspects of the coronavirus are what we can’t see on TV
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. We see the daily…
Continue Reading Want to buy gold coins or bars? Good luck finding any
Investors are snapping up gold bars and coins, seeking the security offered by the precious metal as the coronavirus pandemic trashes economies and…
Continue Reading What’s in the $2 trillion coronavirus stimulus bill passed by Congress?
WASHINGTON, DC — Congressional lawmakers have passed a $2 trillion stimulus bill to respond to the coronavirus pandemic, with cash and assistance…
Continue Reading Crocs donating its shoes to healthcare workers
Go into most US emergency rooms, and you’ll find staff wear Crocs. Now their manufacturer has announced a program to donate 10,000 a day to…
Continue Reading Amazon warehouses are getting hit with coronavirus cases
Amazon warehouses are facing a growing tide of coronavirus cases with at least 11 facilities hit so far, according to Amazon and local media reports.…
Continue Reading US unemployment claims skyrocketed last week. There’s more pain to come
A wave of layoffs has gripped the American economy in the past week as bars, restaurants and shops shut down across the country, part of…
Continue Reading
Global stocks and US futures drop as investors brace for jobless numbers
Global markets and US stock futures retreated Thursday as investors turned their attention from the mammoth stimulus package working its way through…
Continue Reading What constitutes ‘essential businesses’? States seem to have varying standards
In a third of US states, businesses and services are now divided into two factions: essential and non-essential. The Covid-19 pandemic has prompted…
Continue Reading
EL Paso small businesses try to survive coronavirus
EL PASO, Texas — With the recent Coronavirus pandemic infecting the economy with uncertainty and instability, at least one local business developer…
Continue Reading Waffle House closes 420 locations amid coronavirus pandemic
Waffle House just became the latest restaurant chain to shutter some of its locations amid the nation’s novel coronavirus outbreak. State and…
Continue Reading Instagram’s CEO is managing one of the world’s biggest social networks from his garage
“I don’t normally work from my garage,” Adam Mosseri said when asked what it’s like to run one of the biggest social media…
Continue Reading Broadcasters adapt to social distancing and the new realities of covering a pandemic
Many of America’s most popular and influential television hosts are now broadcasting live from bedrooms and basements. Some TV newscasts,…
Continue Reading
Stocks end higher for 2nd day, but gains fade on signs virus aid bill faces more delay
NEW YORK, NY — Stocks scored their first back-to-back gains Wednesday since a brutal sell-off began five weeks ago, but much of an early rally faded…
Continue Reading Walmart, Albertsons, Kroger and Whole Foods are adding sneeze guards to checkout lanes
The checkout aisles at a number of the United States’ largest grocery chains are going to look a little different. Walmart, Kroger and…
Continue Reading
Don’t use the microwave; top tips for speedy broadband
Internet connections are under increasing strain as millions of people self-isolate due to coronavirus, and it turns out your microwave could play a…
Continue Reading Egg prices are skyrocketing because of coronavirus panic shopping
Americans are stockpiling eggs during the coronavirus crisis as they cook more meals at home. That’s leading to supply shortages and a spike in…
Continue Reading Ariel Emanuel restructures Endeavor to ‘protect the business’ amid coronavirus crisis
Ariel Emanuel has vowed to refuse a salary for the rest of 2020. That’s one of a number of measures the CEO of Endeavor, Hollywood’s…
Continue Reading Starbucks is giving out free coffee to frontline health care workers
Frontline workers in the health care industry who are responding to the coronavirus can get a free tall brewed or iced coffee at Starbucks. Police…
Continue Reading
El Paso gym offers equipment for stay-at-home workouts during virus pandemic
EL PASO, Texas– With the City of El Paso’s announcement of a stay-at-home order, some people are finding other ways to stay active in their homes…
Continue Reading Trump wants America reopened by Easter. That could send the US economy into depression
President Donald Trump, fearing an economic catastrophe ahead of the November election, is hoping to swiftly remove the severe health restrictions…
Continue Reading How the Fox News presidency has politicized a national health crisis
The Fox News presidency has taken a dangerous turn. As the coronavirus crisis deepens all across the United States, the Trump administration is…
Continue Reading Airlines are doing away with middle seats and beverage service
Fliers in the United States have gotten used to bringing their own food, but now they’ll have to bring their own beverages, too. Major US…
Continue Reading Global markets are starting to cool on the massive US stimulus deal
A rally on global markets lost steam Wednesday despite news from Washington that lawmakers had reached agreement on a sweeping $2 trillion economic…
Continue Reading A $2 trillion boost from Congress is a good start. Expect more
Here’s a much-needed dose of good news for investors: Lawmakers in Washington have reached an agreement on a sweeping $2 trillion economic…
Continue Reading Flipkart shuts down and Amazon limits orders for 1.3 billion Indians under lockdown
India’s biggest online retailers have sharply reduced their service after the government ordered a three-week lockdown on residents across the…
Continue Reading
Laid-off El Paso workers struggle to get claims processed for unemployment benefits
EL PASO, Texas — The outbreak of coronavirus has led many business to temporarily shutdown. Movie theaters are some of the hardest hit at this time.…
Continue Reading
U.S. Senate, White House reach deal on virus aid package to send money directly to many Americans
WASHINGTON, DC — U.S. Senate leaders and the White House reached a deal early Wednesday on a massive coronavirus relief package. The breakthrough…
Continue Reading Fox News anchors fail to challenge Trump as he misleads during coronavirus town hall
Anchors at Fox News failed to meaningfully challenge President Trump as he repeatedly misled the network’s viewers during a virtual town hall…
Continue Reading In newspaper and TV interviews, experts beseech Trump to rethink Easter end to the coronavirus restrictions
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Franklin D.…
Continue Reading