business

The U.S. Labor Department reported on Thursday that 963,000 workers filed for unemployment benefits last week, the first time jobless claims have fallen below 1,000,000 since March. The drop in claims may fuel hopes that the labor market is improving after the coronavirus pandemic and subsequent mitigation efforts forced mass closures of businesses. Since March …

Who could’ve seen this coming? While storefronts are going bust across the Big Apple due to the coronavirus pandemic, New York’s psychics and fortune-tellers say they are seeing more clients — and making more money — than ever before. Unlike most businesses, they thrive in times of uncertainty and despair. “When there’s a big change …

Weekly unemployment claims fell last week to their lowest level since the coronavirus pandemic began, although claims continue to be filed at a rate unprecedented before the U.S. outbreak began. Initial jobless claims totaled 1.186 million for the week ending August 1, below the 1.42 million economists had expected and about 249,000 less than the …

Dr. Anthony Fauci, chief medical advisor for the Trump administration’s coronavirus task force, said Wednesday that the country can overcome the coronavirus without shutting down the economy a second time. “There seems to be a misperception that either you shut down completely and damage a lot of things, mental health, the economy, all kinds of things, …

The coronavirus led to some ruff times for dog groomer Brian Taylor. But Taylor, who calls himself “Dogfather of Harlem,” found a way to reinvent his business amid the pandemic: He’s taken his show on the road, transitioning from his uptown brick-and mortar-shop to a mobile van that wheels around to pamper pups. The 37-year-old …

Absent a deal with Microsoft or another U.S. company TikTok will have to close its U.S. operations by Sept. 15, President Trump said Monday. “I don’t mind whether it’s Microsoft or someone else, a big company, a secure company, a very American company buys it,” Trump told reporters at the White House. “It’ll close down …

White House Chief of Staff Mark Meadows suggested Monday that President Trump will issue executive orders regarding another wave of coronavirus relief should negotiations with Democrats on another relief package fail. “This president will do more in the next four weeks than Joe Biden and his team did in the last 40 years, so you …

After multiple postponements, movie theater chain Cinemark said it’s ready to reopen, citing “high satisfaction” with its COVID-19 protections among theatergoers in Texas. In an earnings conference call on Tuesday, Cinemark Chief Executive Mark Zoradi said the Plano, Texas, company aims to start selling tickets at all of its 345 US-based theaters by August 31, …

Many small businesses across the country face near-certain catastrophe if they do not receive Federal aid soon, a Monday letter signed by some of the biggest names in business claims. Mom and pop shops face “a wave of permanent closures” by Labor Day if the government doesn’t step in with a comprehensive recovery program, according …

The U.S. economy suffered its largest contraction on record in the second quarter as the country suffered in the throes of the coronavirus pandemic and states issued lockdown orders, ordering Americans to stay home and businesses to close. Gross domestic product fell 9.5 percent from April through June, the Commerce Department said Thursday, the largest …