virus

The Department of Labor revealed Thursday that an additional 3.2 million Americans filed new jobless claims last week, bringing the total number of Americans seeking unemployment benefits to over 33 million since mid-March. The data aligned with predictions from economists, who expected 3 million new claims for the week ending May 2, and suggested numbers …

Dish Network logged its worst-ever quarterly loss of subscribers amid the coronavirus crisis, shedding 413,000 total pay-TV customers in the first quarter of the year. The satellite TV giant closed the first quarter with 11.3 million pay-TV subscribers, down ‭6 percent over last year. That included a sequential decline of about 132,000 satellite subs to …

Neiman Marcus filed for bankruptcy Thursday, blaming the coronavirus for spoiling its turnaround and forcing it into a restructuring. The Dallas-based luxury chain became the second major retailer to declare bankruptcy this week, following J.Crew’s Monday Chapter 11 filing, as the pandemic kneecaps the industry. Neiman said it reached a restructuring deal with most of …

The Republican-led state legislature filed suit against Democratic Governor Gretchen Whitmer on Wednesday over her extension of Michigan’s state of emergency, saying she overstepped her authority. Whitmer extended the state of emergency to last through May 28, a move the Republican leaders in the House and Senate say would require legislative approval. “She has chosen …

A group of GOP Senators is asking President Trump to ramp up his recent “pause” on immigration to include a prohibition on guest-worker visas, citing rising levels of American unemployment amid the coronavirus pandemic. Senator Tom Cotton (R., Ark.), joined by Senators Josh Hawley (R., Mo.), Ted Cruz (R., Texas), and Chuck Grassley (R., Iowa) …

ViacomCBS delivered a narrower-than-expected profit drop despite the cancellation of the NCAA “March Madness” men’s basketball championship that had been slated to air on CBS. The New York-based media giant — which also owns the Paramount movie studio and cable channels Comedy Central, Nickelodeon and MTV — saw sharp gains in its streaming-video business, as house-bound …

Miley Cyrus admitted her privilege as a celebrity has sheltered her from how the coronavirus pandemic is affecting everyday people. “I know I’m in a unique position, and my experience with this pandemic is not like most everyone else’s in my country and around the world,” she told WSJ. magazine. “My life has been pushed …

Andy Serkis has a precious gig on the way. The British actor, who played Gollum in the “Lord of the Rings” franchise, will do a continuous live-reading of J.R.R. Tolkien’s 1937 novel “The Hobbit” for charity. Serkis — known for his voices, expressions and nimble body contortions — will read the whole book from beginning …

Another 3.2 million Americans applied for unemployment benefits last week as the coronavirus crisis sidelined 33 million workers in less than two months, the feds said Thursday. That suggests one in five US workers tried to join the nation’s unemployment rolls in the last seven weeks as the pandemic delivered an unprecedented gut punch to …

Sen. Richard Burr and his brother-in-law reportedly dumped stocks on the same day before the coronavirus crisis sent global markets into a tailspin. National Mediation Board member Gerald Fauth — the brother of Burr’s wife — sold as much as $280,000 in shares on Feb. 13, roughly a week before the virus triggered a historic …