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unemployment

Banks are in trouble, but this solution would make Elizabeth Warren’s head explode

[CNN Business] Businesses struggle to rehire workers as states reopen Now PlayingAnother 3 million file unemployment in the last week. New York (CNN Business)Mass unemployment. Mounting bankruptcies. And fears of negative interest rates. It’s a nightmarish time for America’s banks.The mood is so dire that there’s even buzz about a blockbuster merger that […]

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Airlines say massive job cuts are inevitable after bailout money dries up

[CNN] Businesses struggle to rehire workers as states reopen New York (CNN Business)US airline workers have been largely spared from the carnage that’s pushed the country’s unemployment to record highs since the start of the coronavirus pandemic. But those same workers -— roughly 750,000 pilots, flight attendants, baggage handlers,mechanics and others — […]

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