Americans' aversion to mask-wearing is holding back the economy

Business / Business News /

The aversion of many Americans to wearing a thin piece of cloth across their faces is restraining an already-shaky economic rebound.

In Texas, the second most-populous state and a hotspot of the resurgent COVID-19, Republican Gov. Greg Abbott on July 2 ordered mask-wearing in a reversal of his earlier opposition to enforcement. He said on local...Read more

Facebook's idea to ban political ads before election pleases no one

Business / Business News /

Civil rights groups were swift in their criticism of a plan being weighed by Facebook Inc. to halt political advertising before the U.S. election, saying the ban would do little to address rampant hate speech and misinformation on the social network.

An ad blackout could even exacerbate voter suppression, rights advocates said.

"@Facebook ...Read more

Coronavirus rages in Orange County, but don't tell that to Disney fans

Business / Business News /

ANAHEIM, Calif. -- For nearly 65 years, Disneyland was a place where millions came for a joyful reprieve from the outside world.

Then the coronavirus hit, and Fantasyland became impossible. Walt Disney Co. shut down its two theme parks and three hotels in Anaheim on March 13, furloughing tens of thousands of workers and vowing not to reopen ...Read more

1 in 5 US small firms plan layoffs after using PPP loan

Business / Business News /

An increasing number of U.S. small businesses plan to lay off workers after using a federal coronavirus relief loan as many states are slowing or changing reopening plans amid a spike in cases, a new survey shows.

About 22% of firms that received Paycheck Protection Program assistance have fired workers or expect to lay off one or more workers ...Read more

Amazon says email telling workers to delete TikTok app was sent in error

Business / Business News /

Hours after sending an email instructing employees to remove the social media app TikTok from their phones, citing unspecified "security risks," Inc. said Friday the message was sent in error.

The curious sequence of events came days after the White House amped up messaging that casts the popular Chinese-owned service as a potential ...Read more

Facebook considers political-ad blackout ahead of US election

Business / Business News /

SAN FRANCISCO -- Facebook Inc. is considering imposing a ban on political ads on its social network in the days leading up to the U.S. election in November, according to people familiar with the company's thinking.

The potential ban is still only being discussed and hasn't yet been finalized, said the people, who asked not to be named talking ...Read more

FCA recalls 1.2M SUVs, minivans because pieces on steering wheels can become projectiles

Business / Business News /

DETROIT -- Fiat Chrysler Automobiles is recalling more than 1.2 million SUVs and minivans because pieces on the steering wheels could become projectiles if the driver-side air bags deploy.

The recall affects 2007-11 Dodge Nitros and 2008-10 Chrysler Town & Country and Dodge Grand Caravan minivans. The bulk are in the United States.

The company...Read more

Carnival Corp. to sell 13 ships, resume cruises in Germany amid COVID-19 pandemic

Business / Business News /

MIAMI -- After record-breaking second quarter losses, Carnival Corporation will begin cruising again during the COVID-19 pandemic in August and shed 13 of its ships by the end of the year.

The company previously reported a loss of $4.37 billion, or $6.07 a share, during the second quarter -- its largest quarterly loss ever -- as cruises remain ...Read more

Michael Hiltzik: Chloroquine again? Trump touts a new flawed study of useless coronavirus 'miracle' drug

Business / Business News /

Like a child capable of keeping only one idea in its head at a time, President Trump has continued his obsession with the antimalarial drug hydroxychloroquine as a treatment for the coronavirus despite an ever-growing body of work that it's useless for the purpose.

This week, he was at it again.

Trump on July 6 tweet-touted a study from the "...Read more

PPP loans were meant to help small businesses save jobs amid the pandemic. So why does official data show thousands of recipients retained zero jobs?

Business / Business News /

When Quest Food Management Services was approved for a forgivable federal loan to help it preserve jobs during the pandemic, the Lombard, Ill.-based company, which supplies meals to schools throughout the Chicago area, was so grateful that it issued a news release celebrating its ability to keep more than 830 people employed.

But data released ...Read more

The continued shutdown of Latin America and Caribbean is hurting regional airlines

Business / Business News /

With COVID-19 infections accelerating, the majority of Latin America and Caribbean countries still closed to commercial travel, and Europe imposing travel restrictions, the tourism and aviation industry risks losing millions of jobs and seeing more airlines filing bankruptcy, two leading industry organizations say.

On Thursday, the ...Read more

Column: Facebook has failed to control hate speech. Will advertiser demands change anything?

Business / Business News /

Jonathan Greenblatt, the chief executive and national director of the Anti-Defamation League, was not all that optimistic in advance of the online meeting that Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg had set up with him and the heads of other civil rights groups last Tuesday.

Many of them had been talking to Facebook about its ...Read more

The Week Ahead: Baked in bad news, braced for better news

Business / Business News /

It will be a sad but expected earnings season when scores of companies turn in their latest quarterly financial results in the week ahead. The pandemic, economic shutdowns, and collapse in demand between April and June left companies struggling to find business.

Investors expect a sour season in the second quarter. Wall Street analysts made ...Read more

Wall Street's campaign to hire Black talent isn't going so well

Business / Business News /

For Black professionals who get job offers on Wall Street, there's pay and benefits to consider. But also isolation, bias and racism.

As big U.S. banks and asset managers vow at long last to address the industry's dearth of Black executives, those who have been around a while warn progress will require more than the usual hiring spree. Offices ...Read more

Muslim woman files discrimination complaint against Target over wrong name on cup

Business / Business News /

A Muslim woman has filed a discrimination complaint against Target Corp. after she said a Starbucks barista at the Midway Target store in St. Paul wrote "ISIS" on her cup instead of her name.

The woman submitted the complaint Monday to the Minnesota Department of Human Rights, the state's civil rights enforcement agency.

Target said after its ...Read more

Missing jobs data and disputed loan amounts cloud government records on $660B small-business bailout

Business / Business News /

PHILADELPHIA -- Michael Schulson was thrown a lifeline by the federal government's bailout for small businesses during the coronavirus pandemic. It helped him get almost half of his 178 employees back to work serving takeout customers and outdoor diners at his popular Sampan and Double Knot restaurants in Philadelphia's Center City.

So he didn'...Read more

A tale of two Disneys: Florida parks open, California stays shut

Business / Business News /

Walt Disney Co. begins reopening its Florida theme parks on Saturday, ending a four-month shutdown at one of the world's most-popular tourist attractions.

Guests will be able to ride to parks on the new Disney Skyliner -- though just one family per gondola, please. At Epcot, they can check out the recently installed Remy topiary, while enjoying...Read more

Under the Hood: Picking the right pickup for trailer hauling

Business / Business News /

Q: I'm hoping that you can help me on researching a truck to tow a travel trailer. My wife and I are interested in at most a 24-foot trailer of no more than 4,000 lbs. We have checked Consumer Reports, Edmunds, KBB and a few others for truck recommendations and find it almost impossible to figure out what our best option is. We're looking for a ...Read more

Auto review: 2020 Hyundai Venue SUV packs features and value into small package

Business / Business News /

DETROIT -- The 2020 Hyundai Venue Denim provides a road map to how automakers will offer entry-level models despite their shift to more profitable SUV-style vehicles: in part by omitting one of the defining features of most SUVs, but nonetheless offering lots of other goodies and tons of room.

Objectively, the Venue is a compact station wagon ...Read more

Kansas City payday loan tycoon to argue his billion-dollar fine to U.S. Supreme Court

Business / Business News /

KANSAS CITY -- The U.S. Supreme Court on Thursday agreed to hear an appeal by Kansas City payday loan tycoon Scott Tucker that challenges the Federal Trade Commission's authority to demand restitution, as the agency did in his case when it obtained a $1.3 billion order against him.

Lower courts have issued mixed opinions about whether the FTC, ...Read more