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Bankrupt Hertz gets approval to sell up to $1 billion in stock — but experts expect equity to be wiped outWow, That Was Fast: Debt Out the WazooCOVID-19 Lockdowns Spark 41% Collapse In Black-Owned Businesses In AmericaA Word About the Chaos in the Unemployment Data: Week 12 of the U.S. Labor Market CollapseThe new tech hubs: With more employees working from home, companies could diversify workforces
The Ritz-Carlton in Sarasota lays off close to 500 employeesTreasury Secretary Mnuchin says ‘we can’t shut down the economy again’Unstoppable: The Greatest Depression & The Reverse Wealth EffectIt Only Took 2 Days For Seattle’s “Autonomous Zone” To Descend Into Chaos…
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"This Is Just The Start": US Bankruptcies Soar 48% In May, Most Since Financial CrisisGap Inc. Q1 loss nears $1BGold prices head higher after Friday fall as investors bet on continued central-bank stimulus
Warren Buffett's Berkshire Hathaway has a record $137 billion cash pile. Here's why the investor will be frustrated by that fact.These stocks rose by double digits Friday as underperforming sectors bounced back
Looting costs businesses in major metro areas at least $400M, experts estimate"We Still Expect To Be Paid" - America's Largest Mall Operator Sues Gap For $70M In Back-RentUS Consumer Credit Crashes As Americans Repay A Record Amount Of Credit Card DebtPowered by Restaurants, Bars & Retailers, Jobs Bounce Off Bottom. Some Industries & Governments Continue to Shed Jobs
May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirusMost U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control?Week 11 of the U.S. Labor Market Collapse: Signs of Having Hit Bottom, FinallyCOVID-19 Triggers Transformation Into A New Economy
US weekly jobless claims hit 1.9 million, bringing the 11-week total to nearly 43 millionCinema Chain AMC Warns It May Not Survive the PandemicNext Wave of U.S. Job Cuts TargetsMillions of Higher-Paid Workers
Banks Brace For Default Wave: Wells Fargo Stops Making Loans To Independent Car DealersUS Manufacturing 'Soft' Survey Data Disappoints With Modest ReboundPrivate sector shed 2.76 million jobs in May, ADP says, far less than forecastMay unemployment looks worse than expected, signaling another bad jobs report could be coming
The Horrifying Civil Unrest We Have Been Warning You About Is Here, And America Is Literally Coming Apart At The Seams. California Faces "Financial Collapse" As It Moves To Allow Businesses To Walk Away From Commercial Leases. Which Industries Are Suffering The Biggest Job Losses? Budget Office Finds US Economy Won't Return To Normal Until 2030
Nobody Ever Imagined That The Job Losses Would Get This Bad So Quickly. Over 9 Million US Families Fear They Can't Afford Food Next Month: Census Survey. NYC Restaurants That Have Permanently Closed During The Coronavirus Crisis
How To Survive The Economic Collapse Even With 40 Million Unemployed. Jobless claims rise over 2 million again but data offer glimmer of hopeWhat will bring consumers back to brick-and-mortar stores?
Two-thirds of Americans are receiving more money from unemployment benefits than they did from their jobs, largely because of a supplemental $600 weekly benefit that’s part of the $2.2 trillion CARES Act.But decreasing those benefits could cost the country even more jobs on top of the historic 40 million jobs that have already been wiped away by the coronavirus pandemic, Heidi Shierholz, an economist at the Economic Policy Institute, a left-leaning think-tank based in Washington, D.C., said.