Business > Economy

US jobless claims remain high at 712,000 as COVID-19 escalates

32 minutes ago   |   Chicago Tribune

With layoffs still elevated and new confirmed viral cases in the U.S. now exceeding 160,000 a day on average, the economy's modest recovery is in danger. The Government...
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Student loan forgiveness should include those whose debt is already paid

1 hour ago   |   America Blog

A proposal for Joe Biden to forgive a portion of student loans - perhaps up to $50,000 per person - has been gaining ground since the election. I'm all for it, so long as we...
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A Wall Street analyst breaks down why e-commerce stocks are 'just getting started' and will continue to see massive growth even after vaccine distribution - and says these 4 are best-positioned for gains during the holiday shopping season

A Wall Street analyst breaks down why e-commerce stocks are 'just getting started' and will continue to see massive growth even after vaccine distribution - and says these 4 are best-positioned for gains during the holiday shopping season

1 hour ago   |   Business Insider

Summary List Placement This year has provided the perfect storm for e-commerce stocks, with much of the world directed to stay at home for long stretches. On Black Friday, for...
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The stimulus-plan compromise backed by top Democrats scraps a fresh wave of $1,200 direct payments that economists want

The stimulus-plan compromise backed by top Democrats scraps a fresh wave of $1,200 direct payments that economists want

2 hours ago   |   Business Insider

Summary List Placement Democrats this week took the biggest step in months toward reaching a stimulus compromise, but the proposed deal lacks another round of $1,200 direct...
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Hugh Johnson says economy may come roaring back

2 hours ago   |   Times Union

Albany Could there be a connection to this point in time with the Roaring 20s? Hugh Johnson things so - as long as Congress does the right thing.
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The loneliness economy: Companies and entrepreneurs see a spike in interest for rent-a-friend services, chatbots, and online communities that target feelings of isolation

The loneliness economy: Companies and entrepreneurs see a spike in interest for rent-a-friend services, chatbots, and online communities that target feelings of isolation

2 hours ago   |   Business Insider

Summary List Placement After a few hours home alone without looking at her phone, Akvile Les, 30, receives a notification. It's a message asking how she's doing and whether...
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Brazil's economy grew 7.7% in Q3, but slower than expected

4 hours ago   |   ABC News

Brazil's economy grew 7.7% in the third quarter of the year from the previous three months
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Resiliency And Stakeholder Capitalism - A Two Punch Approach To Healing The Economy

4 hours ago   |   Forbes

When the pandemic descended upon us, America was a country woefully mired in the ill effects of shareholder primacy, weakened by an ineffective government, and drained of its...
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Tom Siebel is crashing Silicon Valley's IPO party. But what exactly is he selling?

Tom Siebel is crashing Silicon Valley's IPO party. But what exactly is he selling?

5 hours ago   |   Business Insider

Summary List Placement It is high season for IPOs, initial public offerings of shares in hotly anticipated private companies, helmed by youngish CEO-entrepreneurs like Airbnb's...
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Saudi Arabia's wealth fund plans to raise $7 billion to plow into new investments, report says

Saudi Arabia's wealth fund plans to raise $7 billion to plow into new investments, report says

5 hours ago   |   Business Insider

Summary List Placement Saudi Arabia's Public Investment Fund, which is among the largest in the world, seeks to raise $7 billion in loans for new investments, Bloomberg...
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US stocks edge towards new records after jobless claims fall more than expected

US stocks edge towards new records after jobless claims fall more than expected

Summary List Placement US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement. New weekly claims for... Read more ...

Dr. Fauci will meet with Biden's transition team for the first time on...

Dr. Fauci will meet with Biden's transition team for the first time on Thursday and will stay on at the National Institutes of Health under the next administration

Summary List Placement Dr. Anthony Fauci, the nation's top infectious-disease expert, will meet with President-elect Joe Biden's transition team on Thursday and will stay on... Read more ...

Alabama rocket startup Aevum just unveiled the world's biggest drone - a...

Alabama rocket startup Aevum just unveiled the world's biggest drone - a 28-ton autonomous behemoth that may soon rocket US military satellites into orbit

Summary List Placement Aevum, a quiet, scrappy, and ambitious rocket-launch startup, unveiled the biggest drone in the world on Wednesday. Called Ravn X, the fully autonomous... Read more ...

UPS tells drivers to stop picking up packages from some major retailers...

UPS tells drivers to stop picking up packages from some major retailers, including Nike, Gap, and Macy's

Summary List Placement UPS has told drivers to stop picking up packages from some large retailers as the holiday shipping season picks up. According to The Wall Street Journal... Read more ...

Facebook will start removing posts with false vaccine claims as experts...

Facebook will start removing posts with false vaccine claims as experts worry misinformation might discourage Americans from getting immunized

Summary List Placement Facebook will remove posts sharing false claims about COVID-19 vaccines, the company announced on Thursday. The company will remove claims debunked by... Read more ...

Fed, Treasury urge Congress to approve more COVID-19 relief money

Fed, Treasury urge Congress to approve more COVID-19 relief money

Without more aid, families will lose homes and small businesses will fail, the Federal Reserve chairman said. Read more ...

Mitch McConnell poured cold water on the $908 billion COVID-19 stimulus...

Mitch McConnell poured cold water on the $908 billion COVID-19 stimulus plan, arguing that Trump would veto it

Summary List Placement Senate Majority Leader Mitch McConnell has said President Donald Trump's veto would hold up a $908 billion bipartisan stimulus bill from passing. In a... Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. For the biggest stories in politics, sign up... Read more ...

Former US presidents Obama, Clinton, and Bush say they are willing to take...

Former US presidents Obama, Clinton, and Bush say they are willing to take their COVID-19 shots on camera to show the vaccine is safe

Summary List Placement Former US presidents Barack Obama, George W. Bush, and Bill Clinton have all said they would be willing to receive their COVID-19 vaccines on camera to... Read more ...

Pelosi and Schumer ditched the secret COVID-19 stimulus plan they sent...

Pelosi and Schumer ditched the secret COVID-19 stimulus plan they sent direct to Mitch McConnell when they publicly backed the $908 bipartisan package instead

Summary List Placement House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer abandoned a secretive COVID-19 stimulus proposal when they publicly backed a $908... Read more ...