Uber wants to buy Postmates for $2.6B following GrubHub fallout

Uber is in talks to purchase Postmates for roughly $2.6 billion following the collapse of its takeover deal with Grubhub, according to reports. The deal would further consolidate the food delivery industry at a time when the coronavirus pandemic has demand soaring. It would also strengthen Uber’s delivery arm, Uber Eats, which is unprofitable despite […]

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In Days of Discord, a President Fans the Flames

WASHINGTON — With a nation on edge, ravaged by disease, hammered by economic collapse, divided over lockdowns and even face masks and now convulsed once again by race, President Trump’s first instinct is to look for someone to fight. Over the last week, America reeled from 100,000 pandemic deaths, 40 million people out of work […]

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Pending home sales plunged 21.8% in April on a monthly basis

April had a record collapse in Americans signing contracts to buy homes By JOSH BOAK AP Economics Writer May 28, 2020, 2:06 PM 1 min read 1 min read BALTIMORE — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to […]

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ADP: More than 20 million jobs vanished in April

U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse as the coronavirus outbreak caused the closure of offices, factories, schools, construction sites and stores that propel the U.S. economy By JOSH BOAK AP Economics Writer May 6, 2020, 12:55 PM 2 min read 2 min read Share to FacebookShare to TwitterEmail […]

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Coronavirus Live Updates: Australia and New Zealand are Quietly Beating Their Outbreaks

Cheap oil adds another layer to Iran’s woes as it eases lockdown. The oil market’s collapse this week was another unanticipated blow for Iran, where the authorities have struggled to contain the worst coronavirus outbreak in the Middle East while keeping afloat an economy that has long relied on oil exports but has been hampered […]

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American Jobs Collapse Worsens With Gig Workers Stuck in Limbo

© Reuters. American Jobs Collapse Worsens With Gig Workers Stuck in Limbo (Bloomberg) — Steve Simpson thought he was getting ahead of the curve by filing for unemployment insurance right after losing his job in March. Almost a month later, he’s still stuck in bureaucratic limbo, along with millions of increasingly frustrated Americans. They’re the […]

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Wildlife Collapse From Climate Change Is Predicted to Hit Suddenly and Sooner

Climate change could result in a more abrupt collapse of many animal species than previously thought, starting in the next decade if greenhouse gas emissions are not reduced, according to a study published this month in Nature. The study predicted that large swaths of ecosystems would falter in waves, creating sudden die-offs that would be […]

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A bleak US jobs report likely portends even deeper losses

A grim snapshot of the U.S. job market’s sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak that’s brought the economy to a near-standstill. The loss of 701,000 jobs, reported by the Labor Department, ended nearly a decade of uninterrupted job growth, […]

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U.K. Promises Extra Help for Business as Virus Triggers Shutdown

(Bloomberg) — U.K. businesses struggling to avoid collapse will be promised extra help by Boris Johnson’s government as the coronavirus inflicts further damage on the global economy. Airlines, tourist attractions, restaurants, bars and theaters are among organizations facing a bleak outlook after the prime minister announced curbs on public events, travel and social gatherings. On […]

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Mom, son rescued from coronavirus quarantine hotel collapse in China after 52 hours trapped

A mother and her 10-year-old son have been rescued from the collapse of a coronavirus quarantine site in southeastern China after being trapped beneath the rubble for 52 hours. Rescuers pulled the two from the debris around midnight Monday after three hours of digging. Photos and video from the scene showed the pair covered in […]

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