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President Trump signs four executive orders after economic relief talks with Democrats collapsed

Trump claims his orders will provide a supplement to Americans' unemployment checks and defer payroll tax payments.

Latest Business Headlines

President Trump allows some unemployment pay, defers payroll tax

Bypassing Congress, Trump signed executive orders deferring payroll taxes for some Americans and extending unemployment benefits. Trump said the payroll tax cut would apply to those earning less than $100,000 a year, and extra aid for the unemployed will total $400 a week.

Many of Massachusetts’s biggest companies do not have a single Black board member

They include prominent names such as Dunkin’ Brands, Hubspot, TJX Cos., and Wayfair.

A ‘knockdown, drag-out’ Oval Office shouting match was part of TikTok’s fate

Advisers to President Trump shouted at each other in the Oval Office in front of him as they debated what to do about TikTok.

Millions of evictions a sharper threat as government support ends
Tens of millions of households could be at risk of eviction in the coming months. Even if only a fraction of those evictions actually take place, it would still be several times the current pace and the biggest disruption in rental housing in decades.

Virus aid talks collapse; no help expected for jobless now
A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment at week’s end, making it increasingly likely that Washington gridlock will mean more hardship for millions of people.

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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

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.

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.

Massachusetts wants to keep taxing telecommuters from N.H., stirring up a new kind of border war

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.

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.