business

The number of initial jobless claims recorded last week stood at 1.3 million, down 10,000 from the previous week and signaling a possible stall in labor market recovery. While initial claims have declined drastically since the coronavirus pandemic caused mass closures of businesses, the decline has leveled off in recent weeks, according to data released …

Joe Biden on Tuesday outlined a $2 trillion four-year plan to create economic opportunities and strengthen infrastructure through investments in clean energy technologies. Speaking in his hometown of Wilmington, Del., the presumptive Democratic presidential nominee announced a plan that would increase the use of clean energy in the transportation, electricity and building sectors. His campaign …

A third of the world’s small businesses slashed jobs as the coronavirus ate into their sales and forced many to shut down, a new survey shows. The figures released Tuesday detail a bleak landscape for small merchants around the globe as they grapple with COVID-19 and the massive economic crisis it has caused. Some 33 …

Let’s hope he’s the only corona that makes a comeback. Jose Corona, 46, said he’s relieved to reopen his Jackson Heights barbershop — both for himself and the community. “The barbershop is a part of the community where people come to get a haircut, some advice, or just someone to talk to,” he said. “[Before …

Pornhub says it wants to help ailing merchants expose themselves to a whole new audience. The giant smut site is giving away $300,000 worth of free advertising — a move it hopes will stimulate small businesses that have been beaten down by the coronavirus crisis. In a competition launched Tuesday, Pornhub will select 100 small …

The government’s extensive coronavirus spending pushed the U.S. budget deficit to a record high $3 trillion for the 12 months ending with June, the Treasury Department announced Monday. Federal spending topped $1.1 trillion in June, more than twice the government’s average monthly spending, pushing the monthly deficit to a record high of $864 billion. During June …

California on Monday announced a major rollback of its reopening process as the state’s average daily caseload of coronavirus cases passed double what it was a month ago. During a news conference Monday afternoon, Governor Gavin Newsom announced that he is ordering bars to shut down and said other businesses including wineries, breweries, movie theaters, …

The Washington Redskins football announced it will retire its name on Monday, following a review begun after corporate pressure. Dan Snyder, the team’s owner, has previously insisted that the name would never change. A 2016 poll by the Washington Post found that nine in ten Native Americans were not offended by the name, although some consider …

And they’re off — to a government bailout! Five of New York’s state-created horse-racing bookie offices with its Off-Track Betting Corporation are raking in millions of dollars apiece in federal loans meant to keep small businesses afloat amid the coronavirus, The Post has learned — and critics are crying foul. The regional OTBs of Nassau …

The Government Accountability Office revealed in a new report that almost 1.1 million dead people received coronavirus relief checks from the government that totaled nearly $1.4 billion. The GAO explains that the Internal Revenue Service (IRS) and the Treasury Department “moved quickly” to send out over 160 million payments to Americans as authorized by the …