U.S. President Donald Trump speaks during a news conference in the Rose Garden at the White House June 05, 2020 in Washington, DC. Chip Somodevilla | Getty Images Surprise U.S. job gains left the White House narrowing its goals for more coronavirus relief Friday, as Democrats insisted Congress needs to […]
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Grubhub has two new suitors, Just Eat Takeaway and Delivery Hero, as Uber talks continue
The GrubHub app Harrer/Bloomberg via Getty Images Andrew Harrer | Bloomberg | Getty Images Grubhub is fielding interest from at least two European food delivery companies as antitrust concerns have clouded the chances of an Uber acquisition, according to people familiar with the matter. Netherlands-based Just Eat Takeaway.com and German […]
As new data shows early signs of economic recovery, black workers are being left out
A Dana assembly technician wears a face mask as she assembles axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters Markets cheered on Friday as new data showed a surprising […]
Reddit co-founder Ohanian resigns from board, urges company to replace him with a black candidate
Alexis Ohanian holds daughter Alexis Olympia Ohanian Jr. following the women’s singles match between his wife, Serena Williams, and Katie Boulter of Great Britain during day six of the 2019 Hopman Cup at RAC Arena on January 03, 2019 in Perth, Australia. Paul Kane | Getty Images Sport | Getty […]
Dr. Anthony Fauci says Americans who don’t wear masks may ‘propagate the spread of infection’
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Friday, April 17, 2020, in Washington. Alex Brandon | AP White House health advisor Dr. Anthony Fauci said he has “no doubt” […]
The IRS is giving you more time to invest in this new tax-advantaged strategy
Investors who were sitting on the sidelines during coronavirus will get some more time to partake in a new tax play. Qualified opportunity funds were created by the Tax Cuts and Jobs Act of 2017. They offer taxpayers an incentive to invest capital gains they incur elsewhere into economically distressed […]
Trump says states that have reopened are doing ‘tremendous business,’ even as coronavirus cases rise in some
U.S. President Donald Trump speaks during a news conference in the Rose Garden at the White House June 05, 2020 in Washington, DC. Chip Somodevilla | Getty Images States that have reopened nonessential businesses and eased restrictions meant to curb the spread of the coronavirus are doing “tremendous business,” President […]
Brooks Brothers seeks financing for potential bankruptcy, as it continues sale process
A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada. Andrew Chin | Getty Images Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the […]
The recovery from the coronavirus sure looks V-shaped, going by these charts
The U.S. economy added a record number of jobs in May as it appeared to bounce off the bottom of the coronavirus recession, and now the chart of jobs gains and losses is starting to look like a “V.” The possibility of a V-shaped recovery — a sharp fall in […]
Trump signs bill to ease guidelines on coronavirus relief loans for small businesses
US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy, in the Rose Garden of the White House in Washington, DC, on June 5, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump […]