Business Archives - Page 2 of 26

Latest in Business

33 Million Have Sought US Unemployment Aid Since Virus Hit

The number who have applied for jobless aid during the crisis so far are the equivalent of one in five Americans who had been employed in February 2020.

J.Crew Files for Chap. 11 as Pandemic Chokes Retail

J. Crew is the first major retailer to file for bankruptcy since the start of the pandemic.

Axios Says It Will Return $4.8 Million Government Loan

The news organization says it has found a different source of funding and that the federal program has become more politicized since its passage.

30 Million Have Sought US Jobless Aid Since Coronavirus Hit

An additional 3.8 million laid-off workers filed for unemployment benefits this week.

Amid Anxiety, Georgia Lets Close-Contact Businesses Reopen

Georgia Gov. Brian Kemp's timeline to restart the economy proved too ambitious even for President Trump, who said he “disagreed strongly” with the fellow Republican's plan.

Legal Battles Loom as Businesses Hit by Virus Sue Insurers

Insurers have widely rejected claims from businesses trying to recoup losses following state-mandated closures.

26 Million Have Sought US Jobless Aid Since Coronavirus Hit

About one in six American workers have lost their jobs since mid-March.

Many Small Businesses Say Loans Won’t Get Them to Rehire

Some businesses see little point in rehiring all their workers and potentially laying them off again if business remains weak two months from now.

Oil Prices Go Negative. What Does That Mean?

The world is awash in oil, there’s little demand for it, and we’re running out of places to put it.

AP: Publicly Traded Firms Get $300M in Small-Business Loans

At least 75 companies that received aid intended for small businesses were publicly traded, the AP found, and some had market values well over $100 million.

Oil Price Goes Negative as Demand Collapses

Benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel.

Government Relief Loans to Restaurant Chains Draw Complaints

Shake Shack, one of a number of national chains that received loans meant for small businesses, said it will return its loan to give smaller restaurants a chance to get government money.