Mass unemployment. Surging bankruptcies. An unprecedented health crisis. And near-zero interest rates. It's a depressing time for America's banks -- and Wall Street is bracing for huge profit plunges when they report results this week.
A coalition of Black advocacy groups and labor activists are organizing a nationwide strike to pressure corporations, such as McDonald's, Amazon, Uber and Lyft, to raise wages and allow their workers to form unions.
The COVID-19 pandemic is devastating labor markets across the world. Tens of millions of workers lost their jobs, millions more are out of the labor force altogether, and many occupations face an uncertain future. Social distancing measures threaten jobs requiring physical presence at the workplace or face-to-face interactions. Those unable to work remotely, unless deemed essential, face a significantly higher risk of reductions in hours or pay, temporary furloughs, or permanent layoffs.
Major companies are about to tell investors how they fared during the second quarter as the coronavirus swept over America. And there's no sugarcoating it. To paraphrase the title of a popular children's book: It was a terrible, horrible, no good, very bad three months.
In 2012, Domino's enlisted the automaker Local Motors, where Nicholas de Peyer worked, to reinvent pizza delivery. He spent the next 18 months obsessed with making the ultimate pizza delivery car, and by the end of it, discovered that the best solution wasn't about the pizza.
As the coronavirus spreads around the world, the Trump administration has steadily choked off most avenues for legal immigration to the United States -- effectively shutting down the system that brings in hundreds of thousands of immigrants annually.
After spending the past several weeks on New York's tony Upper East Side, Michael Cohen has found himself back in federal prison after a dispute with the government over what his lawyers say were restrictions in paperwork designed to prevent him from finishing a book about the president.
Coronavirus is winning the battle in El Centro, California. It's in almost every patient in the hospital. Tents are being put up to handle even more cases. It's on the streets, forcing rescuers to put on protective suits and cumbersome masks before they approach people needing help. And it's not stopping. Even as nearby and faraway facilities take patients to try to ease the load, more and more sick people keep coming. And so do the deaths. The workers are exhausted. The virus is not.
Three months after President Donald Trump suggested ingesting disinfectants as a treatment for coronavirus, a Florida man and his three sons are facing criminal charges for allegedly selling a toxic solution to tens of thousands of people as a cure for Covid-19.