Stocks tumble as unemployment spikes on coronavirus layoffs
The major futures indexes are indicating a decline of 1.3 percent when trading begins.
Sephora lays off some part-time workers but says it will pay 9,000 employees amid COVID-19 closures
Sephora announced that due to the COVID-19 pandemic it has laid off “a portion” of its part-time and seasonal store employees.
Walmart expands coronavirus precautions, will limit store capacity
The retailer will limit the number of customers who can be inside the store at one time.
Can you apply for unemployment insurance on coronavirus furlough?
Congress decreed that employees on furlough do qualify for unemployment benefits.
Small biz rescue off to slow start; some banks not ready
The federal government's relief program for small businesses is off to a slow start Friday, with only some businesses able to apply and several banks either not accepting applications or seeing long waits to do approvals.
‘Thank you for being on the front lines’: BP offering discounted gas to health care workers
The promotion runs through June 30.
Hobby Lobby closes all stores, furloughs most employees without pay
The company will also be ending emergency leave pay and suspending use of company-provided paid time off benefits.
Corona beer temporarily suspends production due to coronavirus pandemic
Corona beer has ceased production after Mexico's government said that the business was non-essential, forcing it to temporarily suspend operations.
US sheds 701,000 jobs, ending a record-long hiring streak
A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that’s all but shut down the U.S. economy.
Poll: About half of workers lose income due to virus
About half of all working Americans report some kind of income loss affecting themselves or a member of their household due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
Unemployment jumps to unprecedented high, as 6.6 million Americans file
The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed.
Stocks soar on oil's record gain as Trump expects Russia, Saudi Arabia to cut output
The Dow Jones Industrial Average rose over 469 points, or 2.2. percent.
Target will begin limiting guests into crowded stores
Target is taking new steps to combat the spread of coronavirus at its stores.
Economic fallout mounts, along with competition for gear
The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, the swiftest, most stunning collapse the U.S. job market has ever witnessed, and economists warn unemployment could reach levels not seen since the Depression, as the economic damage piles up around the world.
Booze sales surge during coronavirus outbreak
U.S. sales of alcoholic beverages rose 55% in the week ending March 21
US unemployment claims hit record 6.6 million amid coronavirus outbreak
More than 6.6 million Americans applied for unemployment benefits last week - doubling a record high set just one week earlier - a sign that layoffs are accelerating in the midst of the coronavirus.
Stocks stumble as US coronavirus cases top 200,000
The Dow Jones Industrial Average plunged 877 points, or 4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 3.7 percent and 3.08 percent, respectively.
Some employers are trying to keep ties to laid-off staffers
As millions of job cuts tear through the U.S. economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they're letting go so they can more quickly rehire them once the viral outbreak has passed.
T-Mobile-Sprint merger completed, creating new wireless giant
The Federal Communications Commission and the Department of Justice approved the deal last year.
Tyson giving $60M in bonuses to truck drivers, frontline workers during coronavirus outbreak
Eligible team members will receive a $500 bonus, payable during the first week of July.