Senator Mitt Romney, a Republican from Utah, listens during a Senate Small Business Committee hearing on coronavirus relief aid and “Implementation of title I of the CARES Act.”, in Washington, U.S., June 10, 2020. Al Drago | Reuters Utah Sen. Mitt Romney criticized the Trump administration’s early response to the […]
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He was stuck in unemployment ‘limbo’ for four months. Then came $23,000 in benefits
Robert Federico waited more than four months for his unemployment benefits to arrive. In the end, the payout was more than $23,000. But he endured financial hardship in the interim. Robert Federico Robert Federico’s situation was bleak — dire, even, by his telling. In March, the 52-year-old lost his job […]
Forty percent of U.S. Covid-19 tests come back too late to be clinically meaningful, data show
In early July, Shannon Mayer started to feel a sudden tightness in her chest. “The next day it was really hard to breathe,” the 31-year-old Chicago resident told CNBC. “I got scared.” Mayer has asthma, but says she hadn’t had an issue with it for years. So she decided to […]
‘It’s nerve-racking’ — Millions of Americans are still furloughed and unsure when they will return to work
“I really liked the job,” Alridge, 37, said. “I was able to put away a lot of money over the last two years; we were saving to buy an apartment.” Source: Matthew Aldridge When Matthew Aldridge was furloughed in March from his job as a server at La Pizza & […]
The Shepherds: A new class of executives take over to guide media industry’s transformation
Bob Iger, left, and Bob Chapek of Disney Charley Gallay | Getty Images; Patrick T. Fallon | Bloomberg | Getty Images There are Boomers, Millennials, Generation X, Y and Z. There should also be a name for “media company CEOs that took over in 2020.” I’ll call them: The Shepherds. […]
Lucid Motors has ambitious plans to defy skeptics and take on Tesla
Peter Rawlinson joined Lucid Motors in 2013 as chief technology officer, a role he has maintained since being named CEO of the company in April 2019. Lucid DETROIT – It’s been nearly a decade since Peter Rawlinson took the stage at the 2011 Detroit auto show to reveal the Tesla […]
How to know if you are one of the people getting a $500 stimulus check in August
If your first stimulus check felt a little light, you may be in luck. The CARES Act included a $1,200 payment for many individuals, $2,400 for married couples filing jointly and a $500 credit for children under 17. But some families did not receive credit for all of their dependents. […]
US-China trade deal review postponed as China ramps up farm, energy purchases
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters The United States and China have delayed a review of their Phase 1 trade deal initially slated […]
The 2020 comeback to record highs resembles storied market revivals of the past
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images At a certain point in the wee hours, it’s both late and early. For […]
Sweltering heat is shattering records, triggering power outages across California
An intense multi-day heatwave kicked into high gear Friday, triggering power outages throughout California as the state’s power grid became overwhelmed by energy demands. A Stage 3 emergency alert was declared around 6:30 p.m. by the California Independent System Operator, which runs the state’s power grid. The agency has not […]