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NewsWatch: Retail sales crater record 16% in April amid coronavirus lockdowns and spending slump
Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»
Economic Report: Retail sales crater a record 16.4% in April amid coronavirus lockdowns and spending slump
Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»
Philadelphia forms Covid-19 Recovery Office to recoup coronavirus-related costs
The City of Philadelphia announced Thursday the creation of the Covid-19 Recovery Office to help the city recoup costs related to the coronavirus’s impact. The Covid-19 Recovery Office will be tasked with securing grants from state and federal.....»»
Market Snapshot: Stocks slump at the open as 36 million jobs vanish in wake of coronavirus, Trump turns hawkish on China
U.S. stock-index futures traded sharply lower Thursday after data showed nearly another 3 million Americans lost jobs last week, down slightly from the prior week, but it still means about 36 million jobs have been lost to the COVID-19 pandemic......»»
Samsung expects Q2 profit fall over pandemic
Samsung Electronics said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid. Ryan Brooks reports......»»
Samsung warns of second-quarter profit fall as coronavirus hits sales of phones, TVs
Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid......»»
Samsung Elec expects second-quarter profit fall as virus hits sales of smartphones, TVs
Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid......»»
City may lose 475,000 jobs and $10 billion in taxes, Budget Office says
New York City may lose a half-million jobs and run about $10 billion short on tax revenue through mid-2021 because of the coronavirus outbreak, the city’s Independent Budget Office estimated. Retail... To view the full story, click the title link......»»
U.S. weekly jobless claims top 5.2 million, bringing virus-related total to 22 million
Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak......»»
Economic Report: Jobless claims soar again by 5.25 million as coronavirus pushes unemployment to 15%
Some 5.25 million workers who’ve lost their jobs applied for unemployment benefits last week, driving the number of coronavirus-related layoffs above 21 million in just one month as the nation grapples with the worst pandemic in a century......»»
New Zealand might be beating the coronavirus but its media is taking a hammering — 437 media-related jobs have been cut so far in a country that only employs about 1,600 journalists
Mark Baker / AP In the last two weeks, 437 media-related jobs in New Zealand were cut as advertising plummets due to businesses struggling with the coronavirus. It's not clear how many of those are journalists, b.....»»
How the coronavirus pandemic could impact the future of Philly"s food economy
Before the health crisis, the city was home to 79,000 food-related jobs and contributed $66.3 million in wage tax revenue......»»
Women are losing more jobs in coronavirus shutdowns
The California National Guard flew coronavirus hospitalizations, the governor's office said. “We couldn’t be more proud as a state to be sending those ventilators back East," Gov. Gavin Newsom... To view the full story, click the title link......»»
Coronavirus crisis "not an excuse"—real estate CEO says those who can should pay their rent
"Some people have lost their jobs, and it's our obligation to work with them," Related Companies CEO Jeff Blau told CNBC......»»
Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs
Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that can be accessed by its U.S. drivers who have been hit by a slump in ride-hailing demand due to the coronavirus......»»
Stocks close lower to cap another volatile week
Stocks closed lower Friday to end another volatile week of trading, pressured by a spike in coronavirus-related deaths in New York while traders assessed a dismal monthly jobs report......»»
Hundreds more coronavirus-related layoffs affect Arizona workers
As the economy continues to get pounded by the coronavirus outbreak, hundreds more Arizonans are losing their jobs. One furniture store in Tucson has let go more than 600 employees, filings show......»»
Working from home in North Texas? Show us your home office space
Like many residents of North Texas, my workspace has changed a great deal over the last few weeks. For safety and health reasons related to the coronavirus, beginning on March 13, the Dallas Business Journal asked its employees to work from home .....»»
Travel slump, sick staff force cash-worried U.S. airports to downsize
With fewer planes flying and more security and traffic control officers testing positive for the coronavirus, airports are closing terminals, concessions and checkpoints, even while trying to retain jobs with the hope of a post-crisis pickup......»»
Here"s how some lenders are helping small businesses during coronavirus slowdown
As small businesses like restaurants and bars bear the brunt of the coronavirus-related economic slowdown, banks and federal agencies are stepping in to lend a hand. Tim Jeffcoat, Houston District Office director for the U.S. Small Business Admini.....»»