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Restaurant survival hopes pick up as $28.6B in grants begin

Thousands of restaurants and bars decimated by COVID-19 have a better chance at survival as the government begins handing out $28.6 billion in grants Read More



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ABC News: Money

Hoping for unity, GOP set to put Stefanik New! 2021-05-14 00:20:17Republicans are ready to vault New York Rep. Elise Stefanik into the ranks of the party's House leadership

Stocks rise after three days of losses, Bitcoin New! 2021-05-13 23:55:52Shares are higher in Asia after a rally on Wall Street snapped a three-day losing streak that included the biggest drop for the S&P 500 since Febr

Conservatives seize on gas crunch to blame Biden, New! 2021-05-13 23:30:31Thousands of social media posts have misleadingly painted President Joe Biden and his administration as catalysts of chaos who not only mishandled the

Canadian National ups offer to seal deal for New! 2021-05-13 20:56:07Canadian National has sweetened its offer to buy Kansas City Southern railroad

Apple holds edge in app store trial despite New! 2021-05-13 20:21:48Apple seems to be prevailing in an antitrust trial examining whether its mobile app store illegally skims profits from smaller companies

EXPLAINER: What's next for pipelines after Colonial hack New! 2021-05-13 20:09:51The nation’s largest fuel pipeline is flowing again after the company that runs it was hit by a gang of hackers

Desperate for workers, US restaurants and stores raise 2021-05-13 18:49:37U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandem

Airbnb reports 1Q loss of nearly $1.2 billion, 2021-05-13 18:28:20Airbnb says it lost nearly $1.2 billion in the first quarter, about three times as much as it lost a year ago, as travel remains depressed because of

DoorDash sales surged in Q1 even as dining 2021-05-13 18:17:31DoorDash’s sales nearly tripled in the first three months of the year as demand for food delivery remained elevated even as U.S. restaurants reo

US mortgage rates fall for 4th week; 30-year 2021-05-13 17:43:55Mortgage rates declined this week, marking their fourth consecutive week below 3%

Pipeline hack fuels gas crunch; US suspects Russian 2021-05-13 17:19:50Motorists are finding gas pumps shrouded in plastic bags at tapped-out service stations across more than a dozen U.S. states

Caesars, Boot Barn rise; Haemonetics, Utz Brands fall 2021-05-13 16:28:45Stocks that traded heavily or had substantial price changes Thursday: Caesars, Boot Barn rise; Haemonetics, Utz Brands fall

L.A. Times - Business

A 5-hour line: Southeast gas prices surge after 2021-05-11 21:40:40Gas prices are rising everywhere, even in Southern California, far from the Colonial pipeline shut down by cyberattack. California has its own issues.

Snap suspends anonymous Q&A apps Yolo and LMK 2021-05-11 19:44:21The mother of Carson Bride, a 16-year-old who died after being bullied over Snapchat apps, filed suit against the tech companies yesterday.

DJ Alesso spins Studio City architectural onto the 2021-05-11 19:19:36After three years in Studio City, Swedish DJ Alesso is asking $6.5 million for his architectural home with a movie theater and bar.

Black Mountain Ranch, a 3,600-acre spread in Ojai, 2021-05-11 15:54:02Black Mountain Ranch, a 3,600-acre working cattle/horse ranch that combines 63 parcels in Ojai, just hit the market for $100 million.

Column: Stop fretting about 'herd immunity' — we're 2021-05-11 10:06:28Experts think we have warped expectations of what it means for society to be immune from COVID-19.

Column: That 'infrastructure' fee on some internet bills 2021-05-11 09:00:02Frontier Communications is quietly charging internet customers an 'infrastructure surcharge' of $7 to recoup routine business costs.

Ready to travel again? You're not the only 2021-05-11 07:00:08As travelers begin to plan vacations as COVID-19 cases wane, road trips to outdoor destinations are emerging as a popular choice.

Tobey Maguire gets $10.7 million for a patch 2021-05-10 18:08:07Actor Tobey Maguire just sold a 1-acre plot of land in Brentwood for $10.75 million, the second-priciest land deal in L.A. so far this year.

Lachlan Murdoch drops $29.8 million on an Australian 2021-05-10 17:13:42In the coveted coastal community of Point Piper in Australia, media mogul Lachlan Murdoch has paid $29.8 million for a small boat shed.

Column: If California is such an 'anti-business' state, 2021-05-10 14:46:55A new survey concludes that California is most anti-business state, but it can't explain why it's also the fastest-growing.

A teen who was bullied on Snapchat died. 2021-05-10 14:12:46A lawsuit filed against the maker of Snapchat and two apps, YOLO and LMK, that use its platform, alleges the apps present an unreasonable risk of harm

Newsom proposes additional $600 stimulus checks and $5 2021-05-10 13:54:41The proposal to deliver $8 billion in new cash payments to millions of Californians amid the COVID-19 pandemic is part of a $100-billion state budget

Economy

Biden urges employers to boost wages but warns 2021-05-10 17:56:19Biden said his administration will distribute more coronavirus relief funds as it tries to spur hiring after a weak April jobs report.

Restaurants are ‘sucking wind’ but fighting back to 2021-05-10 15:46:27Proprietors faced closures, space restrictions and lingering uncertainty. They're now facing a potentially crippling labor shortage as summer approac

Infrastructure plan should cost up to $800 billion, 2021-05-10 14:18:56Sen. Mitch McConnell is set to discuss infrastructure with President Joe Biden and congressional leaders on Wednesday.

U.S. Chamber of Commerce blames weak jobs report 2021-05-07 18:13:25The U.S. Chamber of Commerce blamed a $300-per-week federal jobless benefit for April's far-weaker-than-expected jobs report.

Labor secretary says pandemic is still weighing on 2021-05-07 15:17:09Labor Secretary Marty Walsh said after April's disappointing jobs report that in normal circumstances 266,000 jobs "is a good number."

Here's where the jobs are — in one 2021-05-07 10:24:23U.S. firms hired far fewer workers than expected in April, as employers struggled to find people to fill job openings.

April's expected hiring boom goes bust as nonfarm 2021-05-07 09:50:10Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1%.

April jobs expected to top 1 million as 2021-05-07 07:24:39Hiring was strong in April and job growth could top 1 million, though many jobs also went unfilled.

China's trade with the U.S. and Australia grew 2021-05-07 03:14:48U.S. dollar-denominated exports rose 32.3% in April from a year ago, beating an estimate of 24.1% growth from analysts polled by Reuters.

Fed warns about potential for 'significant declines' in 2021-05-06 17:17:43Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Fed warned in a report Thursday.

Jobless claims tumble below 500,000 in another sign 2021-05-06 10:03:45Initial claims for unemployment benefits fell sharply last week to 498,000, a drop of nearly 100,000 from the previous week and below the 527,000 esti

Private payrolls show big gain in April but 2021-05-05 08:46:39Private payrolls grew by 742,000 in April, according to ADP. It was well above March's 565,000 new jobs, but less than the 800,000 Dow Jones estimate

NYT > Economy

In Reversal, Retirements Increased During the Pandemic 2021-05-12 08:23:07Job losses, rather than rising asset values, seem to be the main cause in upending a decades-long trend in the U.S.

Seychelles Sees Rise in Coronavirus Cases Despite Vaccinations 2021-05-12 08:05:27Seychelles has seen a surge in coronavirus cases despite much of its population being inoculated with China’s Sinopharm vaccine.

U.S. Asks Mexico to Investigate Labor Issues at 2021-05-12 05:00:22The administration learned of what appeared to be “serious violations” of labor rights, it said, and is using a new tool in the North Amer

For Clean Energy, Buy American or Buy It 2021-05-11 18:10:16President Biden says slowing climate change will create jobs. Tension between unions and environmentalists shows it’s not so simple.

Luring Labor as a Beach Economy Booms 2021-05-11 03:00:17Restaurants are cutting lunch hours and gas stations are paying signing bonuses as a beach town’s boom serves as a possible preview to the natio

Mexican Factories Accused of Labor Abuses, Testing U.S.M.C.A. 2021-05-10 20:34:16The A.F.L.-C.I.O. and other groups are seeking to make use of a new enforcement mechanism in the updated North American trade deal.

Biden Defends Unemployment Benefits, Provided Workers Accept Job 2021-05-10 17:39:55The president’s comments and a raft of policy announcements were a pushback to Republican criticism of his economic plan after a disappointing j

Biden Administration Will Begin Disbursing $350 Billion in 2021-05-10 15:23:56States and cities are being given broad discretion on how they can use the money, which is intended to replace public sector revenue, provide extra pa

Seeing the Real Faces of Silicon Valley 2021-05-08 03:00:15For many midlevel engineers and food truck workers and longtime residents, a region filled with extremes has become increasingly inhospitable.

China's Sinopharm Vaccine Approved for Emergency Use By 2021-05-07 23:08:57The World Health Organization has approved a Chinese vaccine for emergency use. The announcement comes at a time when officials in the country are war

Jobs Report April 2021: U.S. Added 266,000 Positions 2021-05-07 17:57:52The increase of 266,000 fell far short of estimates, though strong economic growth is still forecast for the months ahead.

Are you looking for work or workers? We’d 2021-05-07 15:09:34Everyone’s story is personal. What is yours?

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Covid: Over 2 bn vaccine doses to be 2021-05-13 09:00:47Niti Ayog Member V K Paul estimated that between August to December, production of 750 mn doses of Covishield is estimated, while 550 mn doses of Cova

Sputnik V vaccine could be available for use 2021-05-13 08:42:24Centre says it has already procured 350 million vaccine doses for the ongoing vaccination drive and more than 2 billion vaccine doses will be manufact

Covid LIVE: Pfizer, J&J jabs could be available 2021-05-13 08:38:37Coronavirus live updates: India recorded 362,727 fresh Covid-19 infections today, taking the caseload tally to 23,702,832. Stay tuned for corona-relat

Musk decries bitcoin's 'insane' energy use after Tesla 2021-05-13 08:06:21Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings

PM Modi to interact with DMs of 100 2021-05-13 07:56:52This will be the first such interaction that the prime minister will have with top district-level administrative officers on the Covid-19 situation

Gap between two Covishield doses extended to 12-16 2021-05-13 07:25:45'Based on the available real-life evidences, particularly from UK, the COVID-19 Working Group agreed for increasing the dosing interval to 12-16 week

'Survival is tough': SC asks govt to consider 2021-05-13 07:19:00The top court also noted that it will pass order on facilitating transport of those who are willing to go back to their native places.

Apple says ads engineer leaves company after past 2021-05-13 06:12:22Apple has ad slots in the App Store, Apple News and Stocks apps, but has clamped down on the ability for third-party app developers like Facebook to t

RBI tells lenders to re-consider ties with crypto 2021-05-13 06:08:03The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crac

Defer vaccination for 6 months after recovery from 2021-05-13 05:52:44The recommendations come amid several states reporting shortage of vaccines.

Nowhere to run: Fear in Gaza grows amid 2021-05-13 05:28:58Screams and flying debris enveloped Umm Majed al-Rayyes as explosions hurled her from her bed in Gaza City.

Lupin willing to take partners to bring mRNA 2021-05-13 05:16:15Executive says company is looking for tie-ups to bring in drugs like Remdesivir


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