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Microsoft Says It’ll Continue Pursuit of TikTok

Dom, 08/02/2020 - 22:10
The announcement came after the company consulted with President Trump, who has threatened to ban the app and expressed national security concerns about it in recent weeks.

Relief Package Deal Remains Elusive as Impasse Over Jobless Benefits Persists

Dom, 08/02/2020 - 14:06
Negotiators acknowledged some progress over the weekend, but said they remained far apart on a number of issues.

U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies

Dom, 08/02/2020 - 13:21
Millions of dollars of Paycheck Protection Program loans went to China-backed businesses in critical sectors, a study found.

Overcrowded Housing Invites Covid-19, Even in Silicon Valley

Sáb, 08/01/2020 - 04:00
Overcrowding, not density, has defined many coronavirus hot spots. Service workers’ quarters skirting Silicon Valley are no exception.

U.S. Adds Sanctions Over Internment of Muslims in China

Vie, 07/31/2020 - 13:09
The Treasury Department imposed sanctions on a powerful government entity that runs companies and farms in the Xinjiang region, where officials carry out the mass internment of Muslims.

With Jobless Aid Set to Lapse, Lawmakers Fail to Agree on Extension

Jue, 07/30/2020 - 21:41
Senate Republicans forced the chamber to begin moving forward with an extension of unemployment benefits that expire on Friday, but there was no agreement on a measure to do so.

Record Low for U.S. G.D.P. as Coronavirus Takes Huge Toll

Jue, 07/30/2020 - 16:16
The second-quarter contraction set a grim record, and it would have been worse without government aid that is expiring.

Rise in Unemployment Claims Signals an Economic Reversal

Jue, 07/30/2020 - 14:48
Job losses showed no letup as a surge in coronavirus cases forced new business shutdowns and a $600 weekly federal benefit inched to its expiration.

How Pimco’s Cayman-Based Hedge Fund Can Profit From the Fed’s Rescue

Jue, 07/30/2020 - 04:00
Congress said borrowers in taxpayer-backed rescue programs had to be from the United States. Wall Street has a workaround.

As Trump Undercuts Aid Talks, White House Says Extra Jobless Benefits Will Lapse

Mié, 07/29/2020 - 19:03
President Trump signaled that he was not interested in a broad economic recovery package that would have to be negotiated with Democrats, saying he preferred a narrower plan.

Federal Reserve Leaves Rates Near Zero as Economic Recovery Sputters

Mié, 07/29/2020 - 18:08
Federal Reserve officials made clear that they will work to bolster the economy as the pandemic hurts business activity and the job market.

As $600 Unemployment Benefit Expires, Many Are in Jeopardy

Mié, 07/29/2020 - 16:09
A supplement to unemployment benefits is at an end, and Congress is deadlocked over new aid. For some, that means hunger, evictions or bankruptcies.

As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little

Mié, 07/29/2020 - 10:17
Some corporate bosses offered to cut their pay, but most did not. Those who did gave up less than 10 percent of what they received last year.

Mandatory Masks, but Limited Enforcement, at Walmart and Other Stores

Mié, 07/29/2020 - 09:14
A number of large retailers have said that all customers must wear masks, but some employees have been told they cannot force those who refuse.

GDP Q2 Report: Why You'll See Two Figures for Decline

Mar, 07/28/2020 - 23:01
Official data for second-quarter economic output arrives Thursday, and while it will be unquestionably bad, there are different ways of looking at it.

Fed Extends Emergency Programs on Eve of July Policy Announcement

Mar, 07/28/2020 - 17:20
The Federal Reserve will backstop credit markets through 2020, and is expected to pledge continued economic help at its Wednesday meeting.

Uber and Lyft Drivers Win Ruling on Unemployment Benefits

Mar, 07/28/2020 - 09:50
A federal judge granted a preliminary injunction instructing New York State to begin payments promptly, citing an “inexcusable delay.”

Here Are the Differences Between the House and Senate Coronavirus Relief Bills

Mar, 07/28/2020 - 04:00
Lawmakers will have to bridge significant policy gaps to reach an election-year agreement on how to best provide relief to businesses and families still reeling from the pandemic.

Of Wine, Hand Gel and Heartbreak

Lun, 07/27/2020 - 10:17
Between the coronavirus and the Trump tariffs, the French wine market has collapsed. So winemakers are — sadly — sending their excess product off to another life as hand sanitizer.