Business > Economy

Lightfoot dismissed questions about ability to afford new CTU contract if economy tanked. Then COVID-19 hit, damaging CPS budget for years

COVID-19 hurting Chicago Public Schools budget, potentially for years. New contract with teacher union added costs.
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Global markets surge ahead of today's big jobs report

34 minutes ago | Fortune | 2 articles

Happy Thursday, Bull Sheeters. It's jobs day in America. Global stocks are climbing on hopes of a vaccine breakthrough, and on a trickle of decent manufacturing and sales data...
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China will study new measures to support Hong Kong's economy

2 hours ago | National Post

BEIJING - China's commerce ministry will study new measures to support the economy and people's livelihoods in Hong Kong, ministry spokesman Gao Feng said on Thursday.
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U.K. Economy Gears Up for ‘Super Saturday' Boost to Recovery

4 hours ago | Bloomberg

Pubs, restaurants, hotels allowed to reopen from July 4
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California rolls back reopening, steps up enforcement as coronavirus surges

9 hours ago | National Post

SACRAMENTO - California dramatically rolled back efforts to reopen its economy on Wednesday, banning indoor restaurant dining in much of the state, closing bars and stepping up...
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Unemployment is probably worse than reported as states close down again

11 hours ago | Politico

Thursday's jobs report will likely look great on paper: Millions of jobs added in June as states reopened. But those numbers are a deceiving bump - with the resurgence of the...
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Albany investment adviser: Be optimistic, but cautious, about market recovery

11 hours ago | Times Union

There is reason to be optimistic about the economy's recovery from the coronavirus pandemic, Capital Region investment adviser Hugh Johnson said Wednesday. But that optimism...
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No time for coronavirus ‘victory lap' ahead of phase 3 , Charlie Baker says

12 hours ago | Boston Herald | 2 articles

Coronavirus is on the retreat in Massachusetts, but. Gov. Charlie Baker warns against taking a “victory lap” as the state prepares to enter the third phase of reopening its...
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The US economic recovery could take 'just 4 or 5 years' if coronavirus is controlled, Fed president says

14 hours ago | Business Insider

The US could see a quicker economic recovery from the coronavirus pandemic recession if the virus is contained, said Mary Daly, president of the Federal Reserve Bank of San...
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Amid A Severe Recession, Trump's Edge Over Biden On The Economy Has Evaporated

14 hours ago | Forbes

Biden's polling has improved in recent months and far outpaces Clinton's polling on the economy in 2016.
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Hungary won't back EU request to add non-EU countries to safe travel list...

Budapest will not comply with a European Union request to add non-member states to a “safe” travel list, except for Serbia, according to Hungarian PM Viktor Orban. The... Read more ...

California governor says 70% of state must stop going to movie theaters...

California Gov. Gavin Newsom announced an order directing bars, restaurants, and movie theatres to close in 19 counties, including Los Angeles. The directive affects more than... Read more ...

House Follows Senate In Passing Extension Of COVID-19 Business Loans

The Paycheck Protection Program, part of the $3 trillion pandemic response package passed by Congress in March, has been extended to Aug. 8. Read more ...

'It's Our Fault': Nextdoor CEO Takes Blame For Censorship of Black Lives...

In an exclusive interview with NPR, Nextdoor CEO Sarah Friar outlined new measures the popular neighborhood app is taking to address reports of racial profiling and censorship... Read more ...

An exclusive Montenegro resort island was an influencer obsession last...

Aman Sveti Stefan , a luxury resort and island in Eastern Europe's Montenegro , reopened on July 1 . It can cost up to $6,000 to stay there for a week during high... Read more ...

Hong Kong police are arresting people who defied authorities to protest...

Hong Kong police have arrested at least 180 protesters on the first day China's new national security law was enacted. Protesters were faced with riot police, water cannon and... Read more ...

Poll finds 60% of Americans aren't ready to start dining out again, and it...

Less than half of Americans say they would eat at a restaurant within a month of the coronavirus infection rate flattening, according to a recent Harris Poll shared with... Read more ...

Supreme Court backs use of tax dollars for religious schools

The Supreme Court on Tuesday sided with three Montana families who asked the court to declare that excluding religious schools from student aid programs is unconstitutional... Read more ...

THE BUY BUTTON REPORT: The introduction of SRC will turn the online retail...

This is a preview of The Buy Button research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more consumer coverage... Read more ...

Unidentified human remains found during investigation into missing Ft. Hood...

The US Army found partial human remains in an area currently being investigated in the search for US Army Pfc. Vanessa Guillen, the missing soldier stationed in Ft. Hood... Read more ...