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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.