US workers file 1.9 million more jobless claims as crisis total tops 42 million

Nearly 1.9 million Americans applied for unemployment benefits last week as the coronavirus crisis put 42 million people out of work in less than three months, new data show. The weekly figure reported by the US Department of Labor continued its steady decline to fall below 2 million for the first time since mid-March. Yet […]

Read More

Jufu Is A Self-Made Social Media Visionary: Why His Debut EP Is Not Just About The Music

Jufu, who boasts 2.7 million TikTok followers, launched a music career right from his room. The multi-genre artist explains how he utilized comedy content on social media to eventually branch out with his ‘very diverse’ debut EP. More than 500,000 TikToks have been filmed to the catchy tune of “Who R U” — with Will […]

Read More

Boris Johnson offers refuge, citizenship to 3 million Hong Kong residents

United Kingdom’s prime minister has vowed to admit nearly 3 million Hong Kong residents in response to China’s efforts to impose a new national security law on the territory. Making the pledge in an editorial published by The Times Wednesday, Boris Johnson said about 350,000 Hong Kong residents who hold British national overseas passports, as well as […]

Read More

SoftBank to invest $100M in companies led by people of color

SoftBank Group is launching a $100 million fund to invest in “companies led by founders and entrepreneurs of color,” in the latest corporate action as protests roil the US. Described as SoftBank’s bid to improve diversity, “we have to put money behind it, set plans, and hold ourselves accountable,” SoftBank Chief Operating Officer Marcelo Claure, […]

Read More

DOJ awards $400M to police departments in community policing grant program

The Department of Justice is awarding nearly $400 million in grant funding for almost 600 state and local police departments to hire more officers as part of a federal community policing program, the U.S. Attorney General’s office announced Tuesday. “The Department of Justice (DOJ) is committed to providing the police chiefs and sheriffs of our great […]

Read More

Coronavirus Live Updates: Here’s What We Know After 6 Months of Covid-19

Here’s what you need to know: Wuhan finishes push to test almost all 11 million residents. Image A line for testing last month in Wuhan, China.Credit…Aly Song/Reuters The Chinese city of Wuhan, where the virus first emerged, has completed a sweeping push to test almost all of its 11 million residents in the span of […]

Read More

Not your ordinary spa day: Spa chain snags $5.6M in coronavirus relief

A cash-strapped airport spa chain snagged $5.6 million in federal coronavirus aid weeks after warning investors that its independent auditor had raised “substantial doubt” about its ability to continue operating amid hefty losses, The Post has learned. New York-based XpresSpa told investors it had obtained the Payroll Protection Program loan in a May 7 regulatory […]

Read More

Roger Federer is first tennis player to top list of highest-earning athletes

Roger Federer’s $106.3 million in earnings put him on top of Forbes’ annual earnings list. | Georgios Kefalas/Keystone via AP Federer leads the annual Forbes ranking with what the magazine says is $106.3 million in total earnings. Roger Federer leads the annual Forbes ranking of highest-paid athletes with what the magazine says is $106.3 million […]

Read More

Grimes plans to legally sell her soul — to the tune of $10 million

What’s the price of a soul? About $10 million, according to Grimes. Ahead of her upcoming online art exhibition — titled “Selling Out” — opening in Los Angeles on May 28, the avant-garde artist has announced that the title piece in the collection will be a legal document that entitles the purchaser to a percentage […]

Read More

State Department announces $3M reward for info on senior ISIS leader

The State Department Thursday announced a $3 million reward for any information on Muhammad Khadir Musa Ramadan, a senior leader in the Islamic State (ISIS). Ramadan, also known as Abu Bakr al-Gharib, is one of the group’s leading propagandists. “He is one of ISIS’s longest-serving senior media officials and oversees the group’s daily media operations, […]

Read More

Over 40 million US workers have filed for first-time unemployment

More than 40 million Americans have filed for first-time unemployment benefits since the coronavirus pandemic forced the US economy to shut down in March. One in four American workers has filed for unemployment insurance. Another 2.1 million people filed initial jobless claims last week on a seasonally adjusted basis, the Department of Labor reported Thursday […]

Read More

U.S. layoffs climb to 41 million, despite business reopenings

By CHRISTOPHER RUGABER and VLADIMIR ISACHENKOV WASHINGTON — An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said Thursday. The figures underscored the continuing damage to […]

Read More

‘Still Catching Up’: Jobless Numbers May Not Tell Full Story

More than 40 million people — the equivalent of one out of every four American workers — have filed for unemployment benefits since the coronavirus pandemic grabbed hold in mid-March, the government reported on Thursday, an astounding tally that rivals the bleakest years of the Great Depression. The latest batch of claims — the 2.1 […]

Read More

US workers file 2.1 million more jobless claims as crisis total tops 40 million

The coronavirus crisis has put more than 40 million Americans out of work, according to new federal data showing another 2.1 million people applied for unemployment benefits last week. The workers sidelined by the pandemic in the past 10 weeks now outnumber the entire population of California and account for roughly 26 percent of the […]

Read More

Tesla close to rolling out car with ‘million mile’ battery: report

Tesla is getting closer to unveiling its first-ever “million mile” car battery. The electric automaker by early next year plans to roll out Model 3 sedans containing a new lower-cost, longer-life battery in China, according to Reuters. The upgraded batteries, which CEO Elon Musk has long teased investors and rivals with, are designed to last […]

Read More

U.S. layoffs surged to record high of 11.4 million in March

U.S. layoffs soared in March to a record high of 11.4 million after state and local governments closed restaurants, bars, movie theaters and other nonessential businesses as the viral outbreak intensified By CHRISTOPHER RUGABER AP Economics Writer May 15, 2020, 3:07 PM 3 min read 3 min read Share to FacebookShare to TwitterEmail this article […]

Read More

Navy Pier is an arm of government, no matter what it claims — so let’s see every contract

Navy Pier | Sun-Times file photo An agency accepting nearly $2.5 million in federal pandemic relief dollars should be held to the highest standards of public transparency. Now that the nonprofit that runs Navy Pier is getting a federal stimulus loan of nearly $2.5 million, it’s really way past time that it opened its books […]

Read More

$2.25M settlement proposed for unarmed, developmentally disabled man shot by police

The City Council Finance Committee will consider a $2.25 million settlement for Ricardo Hayes, who was shot by a Chicago Police sergeant in 2017. | COPA Ricardo Hayes was 18 when he was shot in August 2017 by Chicago Police Sgt. Khalil Muhammad in the 10900 block of South Hermosa Avenue on the Far South […]

Read More

Coronavirus Fight Hurts World’s Economy and Mental Health: Live Coverage

How the Chinese city of Wuhan plans to test 11 million people for the virus. Image Testing residents at a residential compound in Wuhan, China, on Thursday.Credit…Aly Song/Reuters Wuhan, the Chinese city where the coronavirus pandemic began, has announced an ambitious plan to test all of its 11 million residents for the virus in the […]

Read More

36 million have sought US unemployment aid since virus hit

About 33 million people sought unemployment benefits in the previous seven weeks as the coronavirus forced employers across the country to close. | AP file The number of first-time applications for jobless aid has declined for five straight weeks, suggesting a dwindling number of companies are reducing their payrolls. WASHINGTON — Nearly 3 million laid-off […]

Read More

3 million more unemployment claims in US as crisis total tops 36 million

More than 2.9 million Americans applied for unemployment benefits last week as the coronavirus crisis put more than 36 million people out of work in two months, according to new data. That means the pandemic has sidelined roughly 23 percent of the American labor force as it put the US economy into a deep freeze. […]

Read More

Kendall Jenner Stuns In Hot New Lingerie Pic & Kylie & Khloe Go Nuts Over It: ‘Wow Wow Wow’

Kendall Jenner had a surprise for her 128 million Instagram followers: a sultry selfie in a black lace teddy! Kylie especially didn’t take the photo for granted, gushing that this was ‘rare Kendall content.’ Kendall Jenner, 24, is not one to post on Instagram everyday. But when she does, she makes it count — such […]

Read More

State offers grants for public works projects

Gov. J.B. Pritzker | Tyler LaRiviere/Sun-Times The $25 million program is designed to help local governments that need cash to start work. Gov. J.B. Pritzker said Tuesday the state will provide $25 million in grants so local governments can accelerate public works projects that revive local economies. The program is called Fast-Track Public Infrastructure Grants […]

Read More

Carlyle saved from losses by backing out of American Express deal: sources

Private equity firm Carlyle Group’s abrupt decision to pull out of a $450 million investment in American Express’ troubled travel agency business could help it save a foundering new investment strategy, The Post has learned. The $195 billion Washington, DC, firm last week said it would be bowing out of plans to buy a 20 […]

Read More