Buck Bully
[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. […]
[The Motley Fool] Talk about a dire situation. The COVID-19 outbreak has clearly done a number of the U.S. economy, plunging it deep into a recession and sending unemployment levels skyrocketing. In fact, jobless claims reached a record high in April, and while things improved slightly in May and June, new restrictions could send […]
[FOX BUSINESS] A recent rise in COVID-19 has taken a toll on travel MIT analysis: Coronavirus risk nearly doubles on full flights Former Spirit Airlines CEO Ben Baldanza provides insight into an MIT study that suggests blocking the middle seat lowers the coronavirus risks. Southwest Airlines Chief Executive Gary Kelly told […]
[ABC NEWS] Many people receiving unemployment money from Arizona woke up Saturday to empty accounts. Friday night, the unemployment accounts of people who received their money via a Bank of America debit card were emptied. “It’s panic mode. It’s panic mode. People woke up this morning with no money,” said […]
[Houston Chronicle] The state is trying to claw back tens of millions of dollars in unemployment benefits that it mistakenly paid to thousands of Texans, many of whom have already spent the money and face difficulties paying it back. The Texas Workforce Commission has sent 46,000 notices to jobless workers seeking repayment […]
[CNBC, Reuters] KEY POINTS Washington negotiations over the next coronavirus relief package will likely get serious later this month. Many Americans are hoping for more direct financial relief through stimulus checks and enhanced unemployment. Meanwhile, some lawmakers have also discussed implementing back-to-work bonuses. One political analyst says that all three […]
[ABC NEWS] The new filings have leveled off some but remain at historically high levels. More than 1.5 million American workers filed jobless claims last week as the coronavirus crisis wages on, the Department of Labor said Thursday, the fewest number of filings since the crisis began. The number of […]
[ABC NEWS] COLUMBUS, Ohio — The Ohio Department of Jobs and Family Services has told 23,597 unemployed workers they must pay back benefits as a result of accidental overpayments. “I pretty much started crying,” said Marnie Behan. “I had been spending all of my savings… most of it, to keep […]
[MarketWatch] Democrats want to extend the payout window, but Republicans say the benefits are too rich As federal lawmakers debate another relief package for the coronavirus pandemic that’s put approximately 35 million Americans out of work, a new study shows how generous (or not) the added unemployment benefits were in the initial stimulus […]