Close

Business

Business Articles

PPP ending with $138B left over. What happens to the money now?

[FOX NEWS] There’s a fear that once PPP money fades, small businesses could see a wave of layoffs Sen. Kevin Cramer, R-N.D., outlines his Paycheck Protection Program bill and how it would help small businesses during coronavirus. A relief program that threw a critical lifeline to small businesses during the coronavirus pandemic is set to expire Saturday with […]

This post is only available to members.

Read More

IDES extends unemployment benefits

[ABC NEWS] The Illinois Department of Employment Security (IDES) is extending the state’s unemployment benefits. Typically unemployed residents seeking benefits are allowed to get unemployment benefits for up to 26 weeks. That was extended to an additional 13 weeks. Now, residents will get an additional seven weeks, for a total […]

This post is only available to members.

Read More

Microsoft confirms talks to buy TikTok in U.S., aims to finish deal by Sept. 15

[CNBC] KEY POINTS Microsoft’s statements on Sunday marked the company’s first confirmation of talks it has held to acquire the popular social-media app.Other investors could participate in an acquisition alongside Microsoft, according to the company statement.Microsoft on Sunday confirmed that it has held talks with Chinese technology company ByteDance to acquire […]

This post is only available to members.

Read More

US economy posts its worst drop on record

[CNN] New York — The US economy contracted at a 32.9% annual ratefrom April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday. Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting […]

This post is only available to members.

Read More

Walmart cuts corporate roles as it merges online, store businesses

[CNBC, GETTY IMAGES] KEY POINTS Walmart said it’s eliminating some corporate roles as it merges its online and store businesses in the U.S.The company said it would share more details after notifying employees.The big-box retailer has had a surge of sales during the coronavirus pandemic, but its labor costs have […]

This post is only available to members.

Read More

Dunkin’ is closing 800 US locations

[CNN] New York — Dunkin’ is permanently closing 8% of its United States locations, which amounts to roughly 800 restaurants. The company announced the changes in its second quarter earnings, released Thursday. Dunkin’ described the closures as “real estate portfolio rationalization” and said the affected locations are in “low-volume sales locations” that only represent […]

This post is only available to members.

Read More

Lots of companies are saying they have ‘operating leverage’ — that’s just code for firing people

[CNBC, GETTY IMAGES] KEY POINTS One reason the stock market is holding up well is because investors believe many corporations are going to fire a lot of people and replace them with technology that will make the companies more efficient and improve profits.There’s a fancy accounting term for this. It’s […]

This post is only available to members.

Read More