Study: Not-for-profits lost 50,000 jobs last month from virus
That finding, in a report from Johns Hopkins University, suggests that it could take nearly 18 months for not-for-profits to regain their pre-pandemic employment levels.
Associated Press
Articles
U.S. employment costs rose modestly in fourth quarter
Wages and benefits for U.S. workers rose in the last quarter of the year, putting all of 2020 in somewhat of a normal range as the pandemic continued to rankle the economy.
J&J’s single-dose shot prevents COVID-19, but with less effectiveness
Johnson & Johnson said it will file an application for emergency use for the single-dose vaccine in the United States within a week and then abroad.
Lilly quarterly profit surges, helped by new COVID-19 treatment
The antibody treatment bamlanivimab was Lilly’s second-highest selling product in the final quarter of 2020, trailing only the popular diabetes drug Trulicity.
Census delay points to special session for Indiana lawmakers
State lawmakers face the once-a-decade task of drawing new districts for congressional seats, along with the 100 Indiana House and 50 state Senate districts, based on population shifts.
Brokerages limit trading in GameStop, sparking outcry from small investors
Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms.
Democrats to ‘act big’ on $1.9T aid package; GOP wants plan split
Despite President Biden’s calls for unity, Democrats said the stubbornly high unemployment numbers and battered U.S. economy leave them unwilling to waste time courting Republican support that might not materialize.
Stocks claw back some lost ground; GameStop shares swing wildly
Investors continued to closely watch the wild swings in GameStop, AMC and several other stocks which have become targets for hordes of online investors who have sent them skyrocketing in recent days, taking on big hedge funds who have bet they will fall.
Biden opens sign-up window for uninsured in time of COVID-19
The most concrete short-term impact of Biden’s orders will come from reopening HealthCare.gov insurance markets as coverage has shrunk in the economic turmoil of the coronavirus pandemic.
School funding bill prompts questions about virtual learning
Proposals aimed at ensuring Indiana’s public schools receive full funding for all students during the coronavirus pandemic have prompted criticism from virtual learning supporters and one of the state’s top senators.
As Airlines close books on rotten 2020, new year gets off to slow start
On Thursday, Southwest, American and JetBlue reported that they lost a combined $3.5 billion in the final three months of the year. All issued dismal revenue outlooks for the current quarter.
U.S. unemployment claims drop to still-high 847,000
Overall, nearly 4.8 million Americans received traditional state unemployment benefits the week of Jan. 16. That is down from nearly 5 million the week before.
U.S. economy shrank 3.5% in 2020 after growing 4% in final quarter
Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product—its total output of goods and services—slowed sharply in the October-December quarter after a record 33.4% surge in the July-September quarter.
Apple to crack down on tracking iPhone users in early spring
Apple has been holding off to give Facebook and other app makers more time to adjust to a feature that will require iPhone users to give their explicit consent to being tracked.
Fed stresses its commitment to low rates as economy stumbles
Speaking at a news conference, Federal Reserve Chairman Jerome Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.
Biden signs orders aimed at eliminating nation’s reliance on fossil fuels
President Joe Biden has set a goal of eliminating pollution from fossil fuels in the power sector by 2035 and from the U.S. economy overall by 2050, speeding growth of solar and wind energy and lessening the country’s dependence on oil and gas.
Stocks have their worst day since October as Big Tech sinks
The sharp selling is a shift from the market’s recent record-setting run and comes as investors focus on the outlook for the economy and corporate profits amid a still-raging coronavirus pandemic.
In war over GameStop, big funds yield to smaller investors
Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
Fiat Chrysler agrees to plead guilty, pay $30M in UAW probe
Company representatives gave more than $3.5 million in cash and other things of value to senior officials at the United Auto Workers, federal prosecutors in Detroit said as they charged FCA with conspiracy from 2009 to 2016.
Anthem underwhelms Wall Street with 2021 forecast, stock tumbles
Anthem said its forecast for this year includes a hit of between 50 cents and 70 cents per share due partly to the Consolidated Appropriations Act, which passed late last year and includes a one-year hike in Medicare doctor rates.