4.8 million jobs return in June
Some 4.8 million jobs were added in the U.S. in June but worry remains it would not be enough to restart the economy. Lucia Mutikani from Reuters wrote: The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the […]
Talking Biz News Today — July 3, 2020
Some of Friday’s top business news stories: Associated Press US trade deficit rises 9.7% in May to $54.6 billion, by Paul Wiseman Tesla 2Q deliveries rise over 1Q despite factory shutdown, by Tom Krisher CNN Unemployment rate won’t recover for the next decade, CBO projects, by Anneken Tappe Lemonade, the online insurer, surges in Wall […]
Talking Biz News Today — July 2, 2020
Some of Thursday’s top business news stories: Associated Press A predicted surge in US job growth for June might not last, by Christopher Rugaber Black businesses see increased sales amid racial reckoning, by Philip Marcelo CNN US car sales just had their worst quarter since the Great Recession, by Chris isidore A huge Wendy’s and […]
Coronavirus pushes U.S. car sales down in Q2
U.S. car sales during the second quarter of the year fell by more than a third from Q1, registering the second consecutive quarterly decline. Sebastian Blanco reported the news for Car and Driver: Stay-at-home orders and plant shutdowns prompted by the spread of COVID-19 were a major impediment to sales between April 1 and June […]
Talking Biz News Today — July 1, 2020
Some of Wednesday’s top business news stories: Associated Press FedEx reports a loss, but revenue tops Street expectations, by David Koenig As virus roars back, so do signs of a new round of layoffs, by Paul Wiseman, Travis Loller, Kelli Kennedy CNN Airbus is cutting 15,000 jobs because of the pandemic, by Mark Thompson Netflix […]
Talking Biz News Today — June 30, 2020
Some of Tuesday’s top business news stories: Associated Press Billions of dollars in aid for small businesses go unclaimed, by Joyce M. Rosenberg Domino’s expands delivery options, home buying moves online CNN Amazon giving $500 million in one-time bonuses to front-line workers as a ‘thank you’, by Sara Ashley O’Brien WarnerMedia plans to sell CNN […]
Uber offers to take over Postmates
Uber has approached delivery service Postmates for a potential takeover. Mike Isaac and Erin Griffith reported the news for The New York Times: Uber has made a takeover offer to buy Postmates, the upstart delivery service, according to three people familiar with the matter, as the on-demand food delivery market consolidates and Uber looks for […]
Talking Biz News Today — June 29, 2020
Some of Monday’s top business news stories: Associated Press Businesses weigh reopening – or close again – as cases rise, by Dee-Ann Durbin, Mae Anderson, Tali Arbel Starbucks latest to say it will pause social media ads CNN Apple, Google, Amazon and Facebook bet on gaming. Here’s how they’ve done so far, by Shannon Liao […]
Chesapeake Energy files for bankruptcy
Chesapeake Energy has filed for Chapter 11 bankruptcy protection after amassing a debt loan of more than $9 billion and oil prices remaining too low for breakeven. David French and Rama Venkat reported the news for Reuters: Chesapeake Energy Corp (CHK.N) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer […]
Talking Biz News Today — June 26, 2020
Some of Friday’s top business news stories: Associated Press US job market’s modest improvement may be stalling, by Christopher Rugaber Governors who quickly reopened backpedal as virus surges, by Paul J. Weber CNN Verizon is pulling its advertising from Facebook, by Brian Fung Fed suspends share buybacks for banks, caps dividends, by Anneken Tappe The […]
