Guitar Center has filed for Chapter 11 bankruptcy, citing financial hardships due to the ongoing COVID-19 pandemic.
The governor announced Friday tens of millions of dollars going toward businesses, and some business owners say this is exactly what is needed.
The U.S. Justice Department filed the complaint in federal district court in Muskogee, Oklahoma.
In the face of much adversity, a young woman says she is able to get by with the help of coworkers she now considers family.
The numbers underscore how the coronavirus pandemic is worsening and threatening to drag the economy lower, at least in the near term.
Restaurant owners and employees worry what new restrictions expected to be imposed by the governor this weekend will mean for their businesses.
Covid-19 cases are surging in Western Washington and some businesses are pushing pause. That includes an indoor soccer league for adults in Mill Creek run by Arena Sports.
Trader Joe's has disclosed the COVID-19 infection rate among its employees, addressing rising concern over a recent survey that revealed a number of grocery store workers at a Boston market had the disease without showing symptoms.
The United States has recorded more than 120,000 new confirmed COVID-19 cases on Saturday, breaking the previous single-day record, and the fourth consecutive day for new cases over 100,000, according to data from Johns Hopkins University.
The Office of Small Business Administration (SBA) Inspector General Michael Ware found that it may have distributed billions of dollars to fraudulent businesses claiming financial distress due to the COVID-19 pandemic, according to a report.
British Prime Minister Boris Johnson has announced that the government is putting all of England under a monthlong lockdown next week after being warned that a resurgent coronavirus outbreak will overwhelm hospitals in weeks without tough action.
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it’s still historically high and indicates the viral pandemic is forcing many employers to cut jobs.
About half of U.S. states have seen their highest daily coronavirus infection numbers so far at some point in October, and the country as a whole came very close to back-to-back record daily infection rates on Friday and Saturday.
Gap joins other clothing retailers in trying to reinvent themselves during the COVID-19 pandemic.
A short six months after promising to revolutionize video viewing, short-form streaming service Quibi raised a white flag Wednesday and announced it was shutting down.
COVID-19 can do more than torment patients physically. It also clobbers some financially.
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
According to an internal memo from the company, Wells Fargo employees allegedly “defrauded the U.S. Small Business Administration (SBA)” in order to obtain coronavirus relief funds.
Senate Majority Leader Mitch McConnell says that he’s scheduling a procedural vote on a GOP COVID-19 relief bill for next week.
Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people.