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More business headlines


US hiring slowed dramatically in July as coronavirus cases surged, ADP report says

The steep drop from analysts’ expectations could add new urgency to stalled congressional talks over another round of federal coronavirus aid.

Wall Street keeps rallying; S&P 500 back within 2% of record

Wall Street’s big rally keeps rolling, and the S&P 500 rose for a fourth straight day Wednesday to sit just 1.7% below its record.

NYC imposes traveler checkpoints to enforce quarantine; violators face fines up to $10,000

New York City will stop travelers from 35 states and territories with high COVID-19 transmission rates at train stations, airports, and bridge and tunnel crossings to enforce quarantine rules, requiring people to sign forms that will enable officials to keep tabs on their whereabouts.

New Instagram service means more trouble for TikTok

The Instagram challenge comes as TikTok faces a threat from the Trump administration to ban the app in the United States, as well as a possible sale to Microsoft.

Larry Edelman

We don’t need another lockdown — yet

A second shutdown would be a painful and costly overreaction. But there's more Governor Charlie Baker could be doing to minimize another coronavirus wave.

Wayfair reports its first profitable quarter in Q2 financials

A boost in home furnishings sales has driven growth for the Boston company during the pandemic.


Biden campaign announces $280 million ad buy through fall

Joe Biden’s Democratic presidential campaign is reserving $280 million in digital and television ads through the fall, nearly twice the amount President Donald Trump’s team has reserved.

Virgin Atlantic airline files for US bankruptcy protection

Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in US bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry.

Lord & Taylor, filing for bankruptcy, plans to close two Boston-area stores

Retail casualties continue to mount as the COVID-19 pandemic shows no sign of slowing down in the US.

Chicago schools to announce all-remote learning

Chicago Public Schools is expected to announce Wednesday that it will start the school year with all-remote learning in response to coronavirus concerns, according to published reports.

TALKING POINTS

Ralph Lauren mulls overhaul after tough quarter; shares decline

Stories you may have missed from the world of business.

Ford, struggling in a changing industry, replaces its CEO

Ford Motor said its chief executive, Jim Hackett, will retire Oct. 1, ending a three-year run in which the automaker has tried to streamline its operations and focus its business on electric cars, trucks and SUVs with mixed success.

Trump’s demand for US cut of a TikTok deal is unprecedented

President Donald Trump’s demand that the U.S. government get a cut from a potential Microsoft purchase of TikTok is the latest unprecedented scenario in an unprecedented situation.

Many retailers still waiting for more customers to come through the doors

With each passing week, you can't help but wonder how many more retailers will be able to hold on.