fb-pixel

Many more likely sought jobless aid amid resurgence of virus

With the nation still gripped by an alarming resurgence of coronavirus cases, the US government will provide its latest snapshot Thursday of the layoffs that have remained elevated at a weekly pace above 1 million since the pandemic erupted in March.

Latest Business Headlines

California spent $12 million on arena hospital that saw 9 patients

Ultimately, just nine patients arrived at an arena-turned-medical center in Sacramento, Calif., over 10 weeks. The cost to care for them was a staggering $12 million.

LA threatens to punish party-throwers by cutting off power

Los Angeles has a new tool to dissuade large parties that double as virus super-spreader events: shutting off offending properties’ electricity and water.

New program will promote clean-energy generation during peak periods

Stories you may have missed from the world of business.

Lies in Trump ads go unchallenged on Facebook
Facebook’s fact checkers have ruled claims in Trump ads are false — but no one is telling Facebook’s users.

Democrats introduce bill to give the Federal Reserve a new mission: Ending racial inequality
The Federal Reserve Racial and Economic Equity Act would require the central bank to take action that ‘‘minimizes and eliminates racial disparities in employment, wages, wealth and access to affordable credit.’’

A Globe video series

Bold Types

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk about their career paths, work and accomplishments, as well as their vision for Boston’s future.

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.