WASHINGTON -- U.S. consumer spending plunged in April by the most on record as widespread government lockdowns largely prevented Americans from spending federal stimulus payments in the month.
Household outlays fell 13.6% from the prior month, the sharpest drop in more than six decades worth of data, a Commerce Department report showed Friday. ...Read more
CHICAGO -- One of Chicago's largest law firms is itself getting sued after skipping rent payments on its sprawling riverfront office during the coronavirus pandemic.
Jenner & Block failed to make April 1 and May 1 rent payments and is in default on its lease at 353 N. Clark St., alleges a lawsuit filed by its landlord, an affiliate of Chicago-...Read more
MINNEAPOLIS -- The Mall of America is postponing its planned reopening of retail stores on Monday due to the community unrest following the death of George Floyd.
The megamall in Bloomington said it will announce a new date once it is finalized. It also has suspended curbside pickup at the mall.
The mall has restricted access to the building ...Read more
SEATTLE -- Nordstrom insists it is well-positioned moving forward despite reporting a 40% drop in first-quarter sales and a loss of more than half a billion dollars in a coronavirus walloping far worse than analysts expected.
CEO Erik Nordstrom told analysts in a conference call after results were released Thursday that the company's inventory ...Read more
SIOUX FALLS, S.D. -- The sun was barely up when Yvette Nimenya kissed her three boys, stumbled downstairs and ran out the door once again for the big brick building on North Weber Avenue.
She said "no" when the guard asked if she was sick before scanning her temperature. She grabbed a mask and face shield, slipped on her white smock and hard ...Read more
DETROIT -- General Motors will have brought back most of its 48,000 hourly workforce in the United States starting next week.
GM will resume production at its full-sized SUV plant as well as the plant that makes its Cadillac compact SUV on Monday. GM also said it will increase production at its other North American SUV and pickup plants ...Read more
WASHINGTON -- The Food and Drug Administration is asking farms and facilities it oversees for food safety to let the agency know if COVID-19 forced them to close temporarily or slow production.
The FDA's Center for Food Safety and Applied Nutrition issued guidance Wednesday for facilities that handle food for human consumption and farms on ...Read more
CHICAGO -- In early March, Home Run Inn began building up its inventory of frozen pizza at its southwest suburban plant, as the COVID-19 pandemic began to hit home.
The family owned company was nonetheless unprepared for the surge in demand, as worried consumers loaded up on the stay-at-home staple before hunkering down for the foreseeable ...Read more
Hooman Nissani, one of Southern California's most prominent car dealers, responded to my column last week about him towing away people's cars amid the COVID-19 pandemic by insisting he's gotten a bad rap.
He said that "while one unhappy customer is one too many," the people I interviewed and the many others who have posted complaints online "...Read more
LEXINGTON, Ky. -- When the Kentucky Theatre reopened to the general public after a four-and-a-half-year closure due to fire damage, it did so with a matinee screening of "Cinema Paradiso." The 1988 Italian film, according to longtime manager Fred Mills, is "a heart-warming story about a young boy and his lifelong love affair with movies."
That ...Read more
All of the roughly 200 employees on a produce farm in Tennessee tested positive for COVID-19 this month. In New Jersey, more than 50 workers had the virus at a farm in Gloucester County, adding to nearly 60 who fell ill in neighboring Salem County. Almost 170 were reported to get the disease at a tomato and strawberry greenhouse complex in ...Read more
Q: I have a 2016 Tahoe and recommended tire pressure is 35 psi. When I start out, it reads 35 but after 20-30 minutes of high-speed driving, all tires are up to 38. Should I reduce pressure to 32 so it will be 35 at speed?
J.C., Key Largo, Fla.
A: No. Not. Never. When driven, tires flex and that causes friction which creates heat which ...Read more
SAN FRANCISCO -- San Francisco Mayor London Breed on Thursday unveiled a plan for reopening the city, including allowing outdoor dining and permitting customers inside retail stores on June 15.
"We're entering a new phase of this crisis and we feel comfortable that we're at a place that we can begin reopening parts of our economy," Breed said, ...Read more
Investors are braced for an unemployment rate around 20% when the May figure is released on Friday in the week ahead. What's less certain is how many people won't be included in that jobless number even though they have lost work.
Instead of focusing on what will likely be a jaw-dropping unemployment rate in May, economists and investors ...Read more
It's one of the strange new realities of this deadly pandemic: The funeral industry, of all things, is getting crushed.
In fact, business is so bad that funeral directors worry it might never fully recover.
The reason: For many, COVID-19 has made large, traditional funeral services a thing of the past, at least for now. Even before the virus ...Read more
DETROIT -- At some point, we've all felt like a chump in a car dealership showroom, waiting for the salesperson to emerge from a shrouded back office where they presumably spent the last 20 minutes pushing a hard-nosed manager to chip another hundred bucks off the price of that car you're haggling over.
After hours at the dealership, it feels ...Read more
The coronavirus, especially lethal to the elderly, is pushing a growing number of retirement communities into financial turmoil and fueling distress in the municipal bonds that financed them.
Henry Ford Village, a 1,040-bed community in Dearborn, Michigan, has incurred "extraordinary expenses," to contain an outbreak of the new coronavirus, ...Read more
Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it's a bit noisy. Apple mobility trends show searches for directions down only 4% from baseline, but gasoline consumption was 25% to 35% off the numbers from a year earlier. Not only are ...Read more
How does Mazda do it?
Once more, the little car company that can from Hiroshima, Japan has delivered a svelte little automotive bon-bon sure to win the hearts of automotive enthusiasts and design junkies. Dubbed the CX-30, it's larger and rides higher than the CX-3, but is smaller than the CX-5. You'd think they'd call it the CX-4, but another ...Read more
Hyundai should score a choice slice of the shrinking pie for midsize hybrid sedans with the stylish and well-equipped 2020 Sonata hybrid. The new hybrid offers a miserly version that the EPA rates at 52 mpg in combined city and highway driving and a loaded top model rated at 47 mpg combined.
What used to be a flood of hybrid midsize sedans has ...Read more
- He was part of Amazon's coronavirus hiring spree. Two weeks later he was dead
- House passes bill giving small businesses leeway on COVID-19 loans
- Delta Air Lines upgrades health, safety guidelines
- COVID-19 will change the way we buy cars forever. Here's how
- Home Run Inn suburban Chicago factory churns out nearly 80,000 frozen pizzas a day to meet soaring demand during pandemic