Prior to the pandemic, a historically tight labor market was pushing employers to get creative to find and keep talent. Now, it's enhanced unemployment benefits that are causing a challenge.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human tragedy wrought by the novel coronavirus pandemic.
Wall Street's main indexes gained on Friday as staggering job losses in April due to the coronavirus outbreak were still slightly better than feared, adding to optimism from an easing in U.S.-China friction.
Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the COVID-19 virus.
Wirecard on Friday reshuffled its management board, including the appointment of a new compliance officer, as the payments system provider faces multiple regulatory probes into financial disclosure.
Top U.S. and Chinese trade representatives played down deep differences over the economic wreckage of the coronavirus pandemic and said they would press ahead with implementing their "Phase 1" trade deal after an overnight phone call.
Bitcoin is about to undergo a scheduled technical adjustment as the number of new coins awarded the computer wizards who "mine" the cryptocurrency will be cut in half, but forecasting which way its price will move afterward is more complicated now.
Major U.S. stock indexes climbed on Friday and were on track to log solid gains for the week after data showing historic job losses from the coronavirus crisis were slightly fewer than feared.
How to understand what's going on when the jobless rate is surging and so are stock prices. Unemployment's up and so is the stock market. Why?
Betakit | Meagan Simpson | May 7, 2020 Calgary-based Symend has raised a $73 million CAD ($52 million USD) Series B round of funding for its customer engagement platform designed to better connect with financially at-risk customers. The round includes $47 million USD in equity and $5 million USD in term financing from Silicon Valley
Chipotle Mexican Grill Inc has secured a new year-long $600 million revolving credit line, a regulatory filing showed https://bit.ly/2SOtm6L on Friday, as the restaurant chain looks to deal with the fallout from the COVID-19 pandemic.
Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.
Tesla Inc has not been given permission to resume operations at its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, a county health official said on Friday.
If you want to get your $1,200 stimulus check more quickly, you need to make sure the government has your bank account information on file. But time is running out. You now have until noon on May 13 to enter that data.
U.S. President Donald Trump said on Friday he was "very torn" about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage.