The week ending March 28 saw unemployment claims shatter expectations with 6.6 million workers filing for benefits amid the coronavirus crisis. Under the recently signed CARES Act, gig workers, or independent contractors, are eligible for unemployment benefits for the first time ever. It’s part of the PUA program, or Pandemic Unemployment Assistance. According to one […]
The past decade has been good to corporate shareholders. Last year marked the longest bull market in history, with the S&P 500 rising 330% from its March 2009 low. And while those gains have taken a significant hit as a result of the COVID-19 crisis, shareholders...
Nearly 20 million workers could be laid off or furloughed by July because of the economic impact of the coronavirus, according to a new analysis from Economic Policy Institute (EPI). The report from the D.C.-based, nonprofit and nonpartisan think tank based the...
Starbucks (SBUX) says it will extend its temporary COVID-19 benefits for its U.S. employees, including higher hourly wages for those working and catastrophe pay for those who choose not to work or can’t work, until May 3. “We feel these are important benefits to...
As restaurants shut down their dining rooms and Americans hunker down in their homes to stop the spread of coronavirus, many businesses and consumers are turning to delivery services for their food and groceries. Sen. Elizabeth Warren (D-MA) is now urging those...
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