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President Trump says he’ll order unemployment payments if impasse persists

Trump is prepared to sign executive actions to provide expanded unemployment benefits, a temporary payroll tax deferral, eviction protection, and student-loan relief, the president said Friday at a news conference at his golf club in Bedminster, New Jersey.

Latest Business Headlines

Trump bans dealings with Chinese owners of TikTok, WeChat

The twin executive orders Thursday — one for each app — add to growing US-Chinese conflict over technology and security.

Baker administration stirs up concern in N.H. with plan to continue taxing telecommuters

A border war is brewing over a lucrative prize: the income taxes paid to Massachusetts by thousands of New Hampshire commuters-turned-telecommuters.

Mass General Brigham says patient revenue may fall $1.5 billion below budget

The state's largest private employer detailed the financial hit it's taken from cancellations of nonurgent appointments and outpatient services.

LARRY EDELMAN
The job market recovery continued in July, but so did the pain for millions
More people found work last month, but there are doubts about whether the growth can be sustained.

US added 1.8 million jobs in July; unemployment rate drops to 10.2 percent
The unemployment rate fell to 10.2% even as US job growth slowed to 1.8 million in July under pressure from the pandemic.

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

Global shares skid amid virus woes, China-US trade tensions

Chinese technology shares were shaken by President Trump's decision to issue executive orders banning the popular messaging app WeChat and short video app TikTok from the US.

Trump bans dealings with Chinese owners of TikTok, WeChat

President Trump ordered a sweeping but vague ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, a move Chinese officials said was “political manipulation.‘'

TALKING POINTS

Capital One to pay $80m fine over hack last year

Stories you may have missed from the world of business.

Cheap cars disappear, relegating entry-level buyers to used 

Razor-thin profit margins on low-cost sedans no longer justify the investment and marketing costs to keep them at a time when many drivers are opting for sport-utility vehicles and trucks.

Automated driving systems frequently fail, AAA study finds

Researchers with AAA recently tested systems from five manufacturers over a distance of 4,000 miles and said they encountered problems every eight miles.

LARRY EDELMAN

Amid slow jobs recovery, all eyes on July report

New jobless claims fell modestly last week, the government said Thursday. Now attention turns to Friday's release of July employment data.

Wave of retail bankruptcies may sink landlords

Companies from J. Crew Group Inc. to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores.

Wall Street perks up as S&P 500 pulls within 1.1% of record

It was the fifth straight gain for the index. Early in the spring, when panic about the pandemic was at its height, the S&P 500 was down nearly 34 percent.

US rescinds global ‘do not travel’ coronavirus warning

The Trump administration on Thursday rescinded its warnings to Americans against all international travel because of the coronavirus pandemic, saying conditions no longer warrant a blanket worldwide alert.

Apple shines in pandemic with $2 trillion value on horizon

Early in 2020, Apple appeared to be caught in a horrible bind. But since then, Apple has managed to shine amid the gloom, putting it on the cusp of becoming the first US company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.

N.Y. attorney general seeks to dissolve NRA

New York’s attorney general is seeking to put the powerful gun advocacy organization out of business over allegations of questionable expenditures.

SHIRLEY LEUNG

Why I think Jesse Mermell, not Jake Auchincloss, is the right choice for Congress

We are living in a moment that calls for systemic change on race and gender. In so many ways, she's ready for it.

Mortgage rates plunge to record low 2.88% for 30-year loans

Mortgages rates have found another record low, potentially boosting a housing market that has been a bright spot for a shaky US economy.

Another 1.2 million Americans file unemployment claims

Another 1.2 million Americans filed new unemployment claims last week as the rate of newly jobless workers remained stuck above the 1 million mark for a 20th straight week.