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July 11, 2020
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CNBC Business

Fewer Americans may get a second stimulus check. What we know about the next round of payments

CNBC
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CNBC Business

Hires hit one-month record high while layoffs see new low, JOLTS report shows

CNBC
CNBC – For more and to sign up click here Waiters set up tables in front of a restaurant on a street on the first day of the phase two re-opening of businesses following the outbreak of the coronavirus disease in New York, on June 22, 2020. Carlo Allegri |......
New York Post

I got laid off months ago — now I want my stuff back from the office

NYPost
As of late April, my company eliminated hundreds of positions — including mine, and is likely to shutter entirely at this point. However, I’d like to get back my personal belongings that got left in the office. In NYC’s Phase Two, can they require us to come into the office......
CNBC Business

What you need to know if you’re planning to claim Social Security retirement benefits during Covid-19

CNBC
CNBC – For more and to sign up click here PeopleImages | E+ | Getty Images Deciding when to take your Social Security retirement benefits is a crucial decision no matter when you make it. Making that call during the coronavirus pandemic can raise the stakes. That’s because the age......
CNBC Business

Cities warn of infrastructure spending cuts and more layoffs as coronavirus leaves holes in budgets

CNBC
CNBC – For more and to sign up click here People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema experience on June 16, 2020 in the Brooklyn Borough of New York City, amid the novel coronavirus pandemic. Angela Weiss | AFP | Getty......
Sports Illustrated - MMA

Report: NBA Lays Off 100 Employees Ahead of Orlando Restart

Sports Illustrated
SI – For more and to sign up click here Nick Selbe As the NBA gears up to resume its season in Orlando next month, the league has reportedly laid off an estimated 100 employees, according to a report from Alex Silverman of Morning Consult. In a statement emailed to......
CNBC Business

Another 1 million jobless claims show Congress may need to extend extra benefits set to expire

CNBC
CNBC – For more and to sign up click here Whitney Maddox and DeShaun Bradford stand with hundreds of others in line outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters The Labor Department’s latest jobless......
New York Times - Politics

Continued Layoffs Signal an ‘Economic Scarring’

New York Times
Businesses are reopening after coronavirus shutdowns, governments are easing restrictions, and workers are gradually returning to their jobs. But the layoffs keep coming. Another 1.5 million people applied for state unemployment benefits last week, the Labor Department said Thursday, while 760,000 more filed new claims for Pandemic Unemployment Assistance, a......
Reuters - Business

U.S. weekly jobless claims remain high as second wave of layoffs hits industries

Reuters
Hundreds of people line up outside the Kentucky Career Center, over two hours prior to its opening, to find assistance with their unemployment claims, in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is keeping......
Reuters - Business

AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs

Reuters
FILE PHOTO: Martin Lundstedt, CEO of Volvo, presents the company’s first quarter results at a news conference in Stockholm, Sweden April 25, 2017. TT News Agency/Noella Johansson via REUTERS STOCKHOLM (Reuters) – Truck- and construction equipment maker AB Volvo (VOLVb.ST) plans to cut its white-collar workforce by around 4,100 positions......
Reuters - Business

SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

Reuters
SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp (9984.T). FILE PHOTO: People wait for the start of Grab’s fifth anniversary......
Reuters - Business

SoftBank-backed ride-hailing firm Grab announces layoffs

Reuters
FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus. Southeast Asia’s most valuable startup with......
CNBC Business

Trump vs. Biden: Americans split on who’s better for their wallets, survey finds

CNBC
CNBC – For more and to sign up click here Joe Biden and Donald Trump Getty Images If voters had to pick the next U.S. president today based on who is best for their personal finances, it could be a very close race. A survey from Bankrate.com finds that 36%......
Reuters - Business

U.S. layoffs abating, labor market distress persists

Reuters
WASHINGTON (Reuters) – The number of Americans seeking jobless benefits fell last week, but millions laid off because of COVID-19 continue to receive unemployment checks, suggesting the labor market could take years to heal from the pandemic even as hiring resumes. FILE PHOTO: People who lost their jobs wait in......
CNBC Business

Airline employees’ dilemma: Take severance or gamble on Oct. 1 layoffs

CNBC
CNBC – For more and to sign up click here An employees at the Delta Air Lines helps a customer at a nearly deserted Los Angeles International Airport on April 16, 2020 in Los Angeles, California. David McNew | Getty Images Thousands of U.S. airline employees are being forced to......
Reuters - Business

U.S. layoffs abate; job openings plunge

Reuters
FILE PHOTO: People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford WASHINGTON (Reuters) – Layoffs in the United States fell in April, but remained......
CNBC Business

Wall Street’s latest surge isn’t benefiting many Americans

CNBC
CNBC – For more and to sign up click here Main Street still has a lot of catching up to do with Wall Street. While the U.S. economy is showing signs of life as businesses reopen and job growth rebounds, the gap between the real economy and the stock market......
Reuters - Business

Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand

Reuters
(Reuters) – Canadian plane and train maker Bombardier Inc (BBDb.TO) said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems. FILE PHOTO: a Bombardier Global......
CNBC Business

More $1,200 checks? Maybe $2,000 a month? The stimulus proposals that could put more money in your wallet

CNBC
CNBC – For more and to sign up click here Chip Somodevilla | Getty Images Millions of Americans are suffering financially amid the gradual reopening of the U.S. economy. And there are multiple ways the U.S. government could extend more relief. The question is which one it will choose —......

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