Buck Bully
Business Articles
[NBC NEWS] A new study finds more unemployed Californians are starting to lose hope they’ll ever get their old jobs back. Some of those in the latest filings for unemployment have been laid off twice after so many months of COVID closures and researchers say pessimism is setting in. “I’m […]
[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 […]
[The Hill] A seasonally adjusted 1.2 million new people applied for unemployment benefits in the week ending Aug. 1, a marked drop from the 1.4 million in the previous two weeks. While this was the 20th week in a row that the Labor Department reported more than 1 million claims […]
[Global Trade, DepositPhotos] The ongoing COVID-19 pandemic has touched just about every part of the economy, and the jobs market as a whole has gone into alarming freefall, despite the government’s job retention measures. Where are the jobs going? The sectors which have struggled most are, by and large, the ones you […]
[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 […]
[Business Insider] The nation’s public mail service USPS announced a sweeping overhaul to its organization Friday that displaced the agency’s two top executives. The new structure follows previous changes the agency made under the leadership of Louis DeJoy that Democratic lawmakers say put USPS’s ability to field scores of mail-in […]
[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 […]
[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 […]
[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 […]
[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. […]