Jul 07 Trump donors among early recipients of coronavirus loans By Brian Slodysko, Angeliki Kastanis, Associated Press As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts. Continue reading
Jul 06 Uber buys Postmates in $2.65 billion deal By Matt Ott, Cathy Bussewitz, Associated Press The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has suppressed customers' desire for rides while boosting home delivery needs. Continue reading
Jul 06 Watch 4:31 'We need help,' say Latina workers, hit hard by pandemic job losses By Lena I. Jackson With the U.S. economy in shambles due to the novel coronavirus pandemic, Latina workers have suffered the worst job losses, with 19 percent reporting being unemployed in May. Latinx Americans are also among the groups most likely to contract COVID-19… Continue watching
Jul 06 Treasury names over 650,000 small businesses receiving government loans By Christopher Rugaber, Joyce M. Rosenberg, Associated Press The Treasury Department on Monday released the names of more than 650,000 companies that received funds from the government's small business lending program, a massive effort intended to support the economy as states shut down in April to contain the… Continue reading
Jul 03 Germany is first major economy to phase out coal and nuclear By Frank Jordans, Associated Press German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough. Continue reading
Jul 02 Watch 6:36 Economist Paul Romer: To save American jobs, we must bring virus to 'screeching halt' The Labor Department’s June jobs report seems to reflect a strengthening economy. After all, businesses across the country reopened during that month. But now coronavirus cases are soaring, raising questions about how we can have a functioning U.S. economy without… Continue watching
Jul 02 Watch 6:31 How the pandemic is reshaping American manufacturing By Paul Solman Long before the coronavirus pandemic, manufacturing in the U.S. was transformed -- and with it, daily life. Now COVID-19 is delivering a new blow to the industry. But some companies are pivoting to create the personal protective equipment that the… Continue watching
Jul 02 Lebanese major retailers to shut down amid economic crisis By Sarah El Deeb, Associated Press Major retailers in Lebanon announced they will temporarily close in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plunges against the dollar. Continue reading
Jul 02 U.S. adds 4.8 million jobs as unemployment falls to 11.1% By Christopher Rugaber, Associated Press U.S. employers added a substantial 4.8 million jobs in June, as the job market improved for a second straight month. Continue reading
Jul 01 Background checks, a metric for gun sales, hits an all-time high By Lisa Marie Pane, Associated Press Historic numbers of background checks to purchase or possess a firearm have been conducted in June. It's just the latest month with record-breaking numbers since the system was created in 1998. Continue reading