Jobs

EXCLUSIVE: The Paycheck Protection Program supported more than 51 million jobs across the country amid the coronavirus pandemic, according to a new report from Republicans on the House Subcommittee on the Coronavirus Crisis.

Shipping giant Maersk will cut a third of its staff as it prepares to integrate its sea and land businesses.

More than 30 other states have been approved for the program, but are not yet paying the extra dollars.

J.C. Penney Co. will pursue a bankruptcy sale to top lenders, including H/2 Capital Partners LLC, that would hand them equity in exchange for their debt claims.

The layoffs at MGM capped a wave of job cuts and buyouts seen across a broad array of industries as a result of the virus, which has since infected more than 6 million people across the nation.

The $600-a-week federal unemployment boost padded Americans' wallet with an extra $9 billion, playing a key role in lessening the financial pain of the coronavirus-induced economic recession.

Just months after Hertz Global Holdings Inc. shelled out $16.2 million in extra pay meant to keep executives from leaving as the coronavirus pandemic decimated the travel industry, the car-rental company wants to pass out an additional $14.6 million in bonuses.

The daily U.S. COVID-19 case count has now risen for five days straight.

President Trump promised to create millions of jobs if he is reelected to a second term, while adding that an administration led by his Democratic opponent Joe Biden would lead to the worst depression in nearly a century.

Thin sheets of brown plywood are holding American businesses together. 

Coke had one of its worst quarters in its 134-year history during COVID-19 crisis.

Of the millions of workers furloughed between March and June, 22% have been permanently laid off, according to new payroll data.

So far, 34 states have been approved to offer sweetened federal unemployment aid, created on August 8 when President Trump signed an executive action for $300 a week in federal aid.