U.S. economic recovery remains far from complete and a prolonged slowing in the pace of improvement over time could trigger typical recessionary dynamics, U.S. Federal Reserve Chairman Jerome Powell said Tuesday.
Various estimates project that during the next six months to a year, one-third to one-half of the city's restaurants and bars that existed prior to the pandemic may close permanently.
Regal Cinemas, the second-largest theater chain in the United States, is considering closing all 543 of its theaters in the country due to continued revenue losses from the COVID-19 pandemic.
Demonstrators on Sunday marched to Amazon founder Jeff Bezos’ Beverly Hills mansion, protesting company working conditions during the COVID-19 crisis and calling for higher wages, free health care and child care for employees.
As federal aid for airlines runs out and negotiations over more coronavirus relief stall, Alaska Airlines has begun cutting nearly 450 more flight attendants and other employees from its payroll while borrowing $1.3 billion from the U.S. Treasury.
