"We're facing a titanic level of disruption to the live cinema marketplace that in some ways goes beyond COVID, but COVID is the current inciting incident," Eric Schiffer, chairman and CEO of private equity firm The Patriarch Organization told Newsweek.
Regeneron Pharmaceuticals, the creator of the antibody cocktail given to President Trump as part of his COVID-19 treatment, says the company also reached out to former Vice President Joe Biden to offer him the treatment as well.
In September 2012 the unemployment rate under former President Barack Obama was 7.8 percent. At its worst point in Obama's first term in October 2009, unemployment hit 10 percent.
A V-shaped recovery is when key economic indicators bounce back comprehensively and quickly. A K-shaped economy is when different strata of society recover at different rates.
Only Energy Transfer CEO Kelcy Warren has donated to the Trump campaign in the last two months, having given £10 million to a pro-Trump super-PAC on top of other generous donations at the end of August, according to data released on Sunday.
Morgan Stanley's Mike Wilson said the market has already factored in a big Democratic victory in the upcoming election.
The president's son said average Americans "don't understand" how taxes work when you run a business, following a New York Times report on his father paying little or no federal income tax for years.
First-time unemployment claims increased the most last week in the states of Indiana, Kansas, Illinois and Michigan, with some economists saying the U.S. economy is "running on empty."
The research found that since April, the proportion of people who describe the economy as "bad" has reduced by 11 percentage points.
A federal judge on Monday ruled Pennsylvania Governor Tom Wolf's executive actions to close or restrict non–life sustaining businesses during the coronavirus pandemic are unconstitutional.
Oracle's winning bid is just part of the company's inner workings closely related with the White House to win contracts worth billions of dollars.
On social media the owners of Swan Dive invited the demonstrators in for refreshments, shortly before the eatery was vandalized and its patrons harassed.
Several coffee shops are open on Labor Day but may be operating on reduced hours.
An exclusive survey from Newsweek and LendingTree reveals how the twin crises of the pandemic and a struggling economy are changing the way we save, spend and even think about money—in ways that will last long after life has returned to a semblance of normalcy.
An exclusive survey from Newsweek and Lending Tree shows that eight in 10 Americans are worried about their financial security as a result of the pandemic. These smart money moves can allay those fears and put your finances back on the right track.
This morning, reports emerged that U.S. and Chinese officials had reaffirmed their commitment to phase one of their joint trade deal in a call.
Federal Reserve Chairman Jerome Powell has been tipped to outline the central bank's most active efforts yet in bringing inflation back to a healthy ballpark.
Despite bullish markets, many investors and strategists would not bet on a Trump victory come November.
The transition rate from temporary to permanent layoffs nearly doubled from June to July.
The online direct-to-consumer eyewear giant offers great choice, style and prices, but do its frames work for everyone?
Walmart's gains tapered off with the stimulus payments, CEO Doug McMillon said, while Target CEO Brian Cornell played down the successful quarter.