America’s labor market is hurting. But this jobs report won’t show the worst of it
The March jobs report, which will be released Friday, marks the beginning of the post-outbreak US labor market. But it won’t be able to tell us…
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Millions of Europeans are losing their jobs. The EU wants to raise €100 billion to help
The European Union is preparing fresh action to support workers as layoffs within the bloc skyrocket. The European Commission on Thursday proposed a…
Continue Reading A 3,000% jump in jobless claims has devastated the US job market
The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment…
Continue Reading China’s Luckin Coffee plunges 75% on accounting probe
Luckin Coffee has become a phenomenon in China — and with Wall Street investors — due to stunning growth. But it turns out some of its…
Continue Reading Boeing offering buyouts as it projects recovery will take years
Boeing is offering employees buyouts as its CEO said it will take years for the airlines and aerospace industry to recover from the coronavirus…
Continue Reading ‘Complete waste of time.’ UK media slam government coronavirus briefings
Prime Minister Boris Johnson’s government can typically find a safe space in the digital and print editions of many of the most popular British…
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Most Colorado Hobby Lobby stores remain open despite stay-at-home order
Click here for updates on this story LAKEWOOD, Colo. (KDVR/KWGN) — A spokesperson for Colorado’s top health…
Continue Reading Global stocks sell-off eases despite dire US unemployment report
A global stocks sell-off spurred by coronavirus fears eased on Thursday even as new data showed that more than 6 million Americans filed for…
Continue Reading US unemployment report is much worse than economists predicted
Mass layoffs tied to the coronavirus pandemic sparked a surge in the number of Americans who filed for their first week of unemployment benefits —…
Continue Reading The coronavirus won’t end moviegoing, but it could change it
Last year was a good year for the film industry. The global box office brought in over $40 billion worldwide, even though the domestic box office was…
Continue Reading WeWork founder misses out on $1 billion as SoftBank cancels share buyout
SoftBank is walking away from a sizeable chunk of its WeWork rescue package, which included a near billion dollar windfall for ousted founder Adam…
Continue Reading A wave of oil bankruptcies is on the way
The first domino in the oil industry has fallen. Whiting Petroleum, once a rising star in the shale industry, filed for Chapter 11 protection…
Continue Reading How quickly can the US economy bounce back? That depends on the virus
A month ago, the big question about the economy was: Will we have a recession? How quaint that seems now. That was before airlines canceled thousands…
Continue Reading The world could soon run out of space to store oil. That may plunge prices below zero
The world’s thirst for oil has evaporated. Highways are empty. Planes are grounded. Factories are dark. The unprecedented collapse in oil…
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Las Cruces distiller shifts gears to start making hand sanitizer
LAS CRUCES, New Mexico — As hand sanitizer supplies continues flying off the shelves, a Las Cruces native is working to make more and keep his…
Continue Reading How Covid-19 could redefine labor in America
In Covid-19’s upheaval of the American economy, supply-and-demand patterns were swiftly knocked out of whack. Almost overnight, entire…
Continue Reading White House Correspondents Association removes far-right outlet from briefing room rotation
The White House Correspondents Association on Wednesday voted to remove One America News, a small right-wing media organization, from the rotation…
Continue Reading Zoom, the video conferencing app everyone is using, faces questions over privacy
The coronavirus outbreak has seen millions of people ordered to stay in their homes flock to Zoom, using the video conference app for everything from…
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Stocks close down sharply as physical, economic toll of virus worsens
NEW YORK, NY — Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak…
Continue Reading What the pandemic means for your Easter food shopping
It may not feel like it, but Easter is just around the corner. Last year, about 80% of Americans planned to celebrate the holiday, according to the…
Continue Reading The doctor will see you now…in your living room
Doctors used to make house calls as a normal part of their practice. That’s starting to become more common again. Many Americans are being…
Continue Reading Coronavirus is testing the power of unionized newsrooms
Since joining at The Arizona Republic in 2008, reporter Rebekah Sanders has seen many rounds of layoffs, buyouts and furloughs at the Gannett-owned…
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Coronavirus is testing the power of unionized newsrooms
Since joining at The Arizona Republic in 2008, reporter Rebekah Sanders has seen many rounds of layoffs, buyouts and furloughs at the Gannett-owned…
Continue Reading Car sales are plunging in the US because of coronavirus
US car sales fell sharply in March, the latest blow to the nation’s economy from the coronavirus outbreak. Fiat Chrysler announced Wednesday…
Continue Reading Airlines will offer fewer choices and higher fares after the coronavirus crisis
The US airline industry is about to get smaller. That’s bad news for airline employees — and for airline passengers. Airline traffic has…
Continue Reading Marriott discloses data breach possibly affecting over 5 million customers
Marriott International was the target of another hack, but this wasn’t as massive as the previous one. The hotel chain said Tuesday it recently…
Continue Reading This is no April Fool’s. British American Tobacco is trying to make a coronavirus vaccine
The maker of Camel, Lucky Strike and Pall Mall cigarettes is trying its hand at a new product: a coronavirus vaccine. British American Tobacco said…
Continue Reading The next hit to your retirement fund: Disappearing dividends
Pension funds and other investors are smarting from the worst quarter for stocks since 2008. Now many are bracing for more pain as companies slash…
Continue Reading N95 masks are in short supply — and scammers know it
The urgent and overwhelming demand for N95 masks has created fertile ground for scammers to start leaking counterfeits into the supply chain and to…
Continue Reading WarnerMedia names Hulu’s founding CEO as new chief
With WarnerMedia preparing to launch its new streaming service HBO Max, the company is adding a streaming TV pioneer as CEO: Jason Kilar, the…
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