business

The Justice Department and a group of state attorneys general will meet on Friday to discuss the scope of a possible antitrust suit against Alphabet Inc.’s Google, the Wall Street Journal reported on Wednesday. Federal and state officials will discuss how best to proceed with the suit, although it is not yet clear how many states …

Just five out of the 125 stores in the Bronx looted on June 1 during unrest following George Floyd demonstrations have been approved for city aid so far. After the riots, which saw looters target small Bronx businesses, New York mayor Bill de Blasio said emergency grants would be approved for those affected. The details …

Hundreds of workers at Tyson Foods poultry plant in Arkansas have tested positive for coronavirus, though most of the workers who tested positive are asymptomatic. Out of 3,748 Tyson employees tested in Benton and Washington Counties, 481 were found to have coronavirus, with 455 of those patients reporting no symptoms. The outbreak was centered at …

New jobless claims topped 1 million for the 13th-straight week, the Labor Department revealed Thursday, as 1.5 million additional Americans requested unemployment benefits in the second week of June. The Labor Department also said that while new claims fell by 58,000 from the last release, 20.5 million people continued to receive benefits — a relatively …

Retail sales rebounded in May in the largest monthly jump on record as U.S. shoppers took advantage of many states lifting business closures and stay at home orders put in place to combat the coronavirus pandemic. Retail sales jumped a record 17.7 percent from April to May, the Commerce Department said Tuesday, blowing past the 8 …

The US mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away. Sales at Holder Mattress Co. were up about 30 percent last month, compared with a year ago, after the company started letting people back into its two northern Indiana stores, said Lauren Taylor, president and granddaughter of …

A large number of small US businesses could fail during the coronavirus recession, the Federal Reserve said on Friday, slowing recovery and creating lasting damage to the world’s largest economy. “The nature of the economic recovery that follows the COVID-19 crisis will depend in part on the survival of small businesses,” the Fed said in …

US property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost them $255 billion to $431 billion a month if they are required, as some states are proposing, to compensate firms …

The Labor Department announced Thursday that 1.5 million Americans filed new unemployment claims last week, the tenth straight week of declining jobless numbers since the economy was forced to shutter due to the coronavirus pandemic. Thursday’s numbers were lower than most estimates, falling by 355,000 from the previous week’s total of 1.9 million. Continuing jobless …

Last Thursday evening, restaurant mogul Zach Erdem drove up to a customer’s swanky mansion in the Hamptons, rang the doorbell, and left a delicious dinner spread on the front doorstep, COVID-style. Erdem — who owns Southampton hotspot 75 Main, a longtime hangout for celebs like Kim Kardashian West, Leo DiCaprio and Joe Biden — had …