US Jobless Claims Hit the Lowest in the Pandemic Era, Signals Rise in Employment Amid Crisis

Since the start of not only the health but also the economic crisis, new jobless-claim filings reached their lowest level last week, provides a sign that hiring is continuing even at a slower pace.

Dec 03, 2020 08:58 PM EST

Disney to Layoff 32,000 Employees in 2021 Due to COVID-19 Crisis

As the pandemic continuously ravages most industries, the American diversified multinational mass media, and the entertainment conglomerate, The Walt Disney Company plans to lay off an estimated 32,000 employees in the first half of 2021.

Nov 26, 2020 11:18 AM EST

Well-Times Stock Trades Amid COVID-19 Crisis Boosts Wealth of Ga. Sen. Perdue

As the extensive damage of novel coronavirus continuously forcing millions of people out of work, shrinking the value of retirement accounts, shuttering businesses, with the Dow Jones Industrial Average dropping to a three-year low.

Nov 25, 2020 10:25 PM EST

742,000 Americans File for Unemployment, Stimulus Package Nowhere in Sight

As the coronavirus pandemic continues to spread in the United States, the world’s largest enemy is once again being threatened with the surge of infections as the US records 742,000 new unemployment claims as of the second week of November.

Nov 19, 2020 10:51 PM EST

Stimulus Bill Must Be Introduced Early 2021, Says Senate Majority Leader Mitch Mcconnell

A new stimulus bill must be introduced at the start of 2021, Senate Majority Leader Mitch McConnell stated on Friday, and not in a post-election outgoing meeting of congress.

Oct 31, 2020 12:41 AM EDT

Costco Drops Chaokoh Coconut Milk Brand After Use of Enslaved Monkey Labor Revealed

Costco dropped the Chaokoh coconut milk brand following reports that the Thai supplier is enslaving monkeys for labor. Costco decided to no longer stock the product, which is also being done by other retailers such as Walgreens.

Oct 29, 2020 01:58 PM EDT

Lee Family Faces Legal Battle Over Control of Samsung Following Chairman's Funeral

The family of Samsung Electronics' chairman Lee Kun-hee held a funeral for the late patriarch on Wednesday as his death put the control of the chipmaker, and the largest conglomerate of the country, into question.

Oct 28, 2020 02:23 PM EDT

Billionaire Faces Largest Tax Fraud Charges in US American History

Texas billionaire Robert Brockman was charged by Federal prosecutors with what was called the “largest tax fraud ever,” after an alleged $2 billion scheme.

Oct 16, 2020 10:05 PM EDT

Fed's Powell Calls on Congress to Amp Up Stimulus Spending

The chairman of the Federal Reserve, Jerome Powell called on the government to increase stimulus spending. Powell said that increased stimulus spending will help speed up the recovery of the economy from the pandemic.

Oct 11, 2020 12:45 PM EDT

Alibaba Sales Are Excellent But Fears Arise for a US Crackdown

So far Alibaba sales are getting better over the performance of other companies but something is lurking. That is the US that has been going after Chinese companies ike Huawei and TikTok are in danger.

Aug 21, 2020 02:51 PM EDT

Germany to Kickstart Trial Run of 3-year Universal-Basic-Income Worth $1,400 Monthly

A study to determine the effects of a universal-basic-income on the wellbeing of recipients and the economy is set to kick start in Germany. The study involves 120 persons who will receive $1,430 or €1,200 on a monthly basis for the next three years, which is also the amount that is just above the poverty line of Germany.

Aug 20, 2020 02:05 PM EDT

New York Projects Over $64 Billion in Losses in The Next Four Years Due to COVID-19

The coronavirus has deeply hit the state of New York in the past months. Due to this, the state has projected an estimate of $64 billion in losses in the aftermath of the pandemic over the next four years.

Aug 14, 2020 08:15 AM EDT

Surviving a Financial Crisis: Kinds of Credit Card Relief You Can Get

Despite the offers coming from companies who issue credit cards that provide instant relief to their cardholders, they still need to request assistance in order to qualify. Here are the things that you need to know and the types of credit card relief you can avail in times of financial struggle.

Jul 21, 2020 12:41 PM EDT

Louis Vuitton Bags: Why Are They So Expensive?

The social status symbol is never on discount and is expected to have a 20-year-duration or more. What makes such handbags pricey?

Jul 16, 2020 06:52 PM EDT

15,000 Employees at Risk of Losing Jobs as Airline Company Airbus is Hard-Stricken by Coronavirus

More than 15,000 jobs are planned to be let go by global aviation company Airbus after it expects massive repercussions from the coronavirus pandemic. The company stated the cuts will begin by the summer of 2021 and hopes it can recover by 2023.

Jul 01, 2020 10:36 AM EDT