BUSINESS
Bezos is Right —Amazon is Too Big To Fail, Says Writer Who Profiled Company
"Amazon's drive for automation in everything from its warehouses and delivery vans is likely to lead to massive unemployment, and business and governments will have to work together to find solutions to that."
How Amazon's Bet on Autonomous Vehicles Can Help Protect Us from Viruses
"Bezos sees a future where packages will be delivered by self-driving vans, small bots rolling through neighborhoods and drones buzzing to their destinations."
Bernie Sanders: U.S. Has No Science-Based Coronavirus Policy for Reopening
He said the $3 trillion coronavirus response package passed by House Democrats last week needs major improvements and he cautioned that the Trump administration currently has no national, science-based plan for reopening the economy.
China Will 'Nuke Bomb' Apple Over Huawei Penalties: State Media
The Chinese government may enforce several "countermeasures" against U.S. companies in retaliation for the Trump administration's plans to crack down on shipments of semiconductors to Huawei from chipmakers worldwide.
New York Barber Contracts COVID-19 After Secretly Cutting Hair in His Home
An upstate New York barber accused of cutting hair out of his home during the shutdown has contracted the coronavirus.
U.S. Bars Huawei From Buying Critical Materials Made Using American Tech
Commerce Secretary Wilbur Ross reprimanded the company as the announcement was made Friday. "This is not how a responsible global corporate citizen behaves," Ross said.
Can Workers' Unions Organize During the Pandemic?
Report from the Deep South: A community coalition tried an alternative approach at an Alabama bus plant.
ON THE STREET: CHINA, LINDSEY GRAHAM'S BAILOUT JITTERS, THE CLASS OF 2020...AND LITTLE RICHARD |OPINION
The real battle over China policy will take between Congress and the Fortune 500. Plus budget cuts.
Trump Economic Adviser Sees Economic Rebound in Second Half of 2020
"I don't want to sugarcoat any of this because it's so difficult. I don't think the numbers are going to turn up in the next few weeks," Larry Kudlow cautioned.
U.S. Job Losses Due to Coronavirus Likely to Set Country 'Back Two Decades'
"At the high end, we will have returned to a level of employment last experienced in the mid-1990s," economist Elise Gould wrote.
EU Economy Will Shrink by Historic Amount, Marking Its Deepest Recession
"Both the depth of the recession and the strength of recovery will be uneven," the EU's economy commissioner said.
The Best Infection Prevention Products
During the coronavirus outbreak, health care is more important than ever. In Newsweek's first Best Health Care series, we highlight the best infection prevention products.
Trump Adviser Predicts 'Worst Unemployment Rate' Since Great Depression
"My guess right now is that it's going to be north of 16 percent, maybe as high as 19 or 20 percent," Kevin Hassett said.
Coronavirus Scams Cost Americans $23 Million, FTC Says
Americans in all 50 states have reported more than $23 million in losses due to coronavirus scams, according to the Federal Trade Commission.
The Best May Deals and Sales for Mother's Day, Memorial Day and more
Year after year, retailers offer deals on athletic apparel and footwear to entice us to get out and get fit. We celebrate Pet Week with our furry friends, and we have Mother's Day and Memorial Day sales; two reliable opportunities to save big.
Why the U.S. Economy May Never Be the Same Again After Coronavirus
It will take years before the economy is at pre-pandemic levels again.
Stimulus Check Isn't Enough? Here Are Five Ways to Come Up With Extra Cash
If you're struggling financially as a result of the COVID-19 outbreak, these five options can help you find extra income or additional funds to help pay your bills and basic living expenses.
On the Street: Unemployment, Warren Buffett... and Jane Bryant Quinn
Why many folks aren't getting paid, Warren Buffett's annual meeting and investing advice from Jane Bryant Quinn.
Warren Buffett Says Buying Airline Stocks a 'Mistake' During a Pandemic
Billionaire investor Warren Buffett's company sold off stocks in four major U.S. airlines. During an annual meeting Saturday through a live-stream, he called the investments during a pandemic "a mistake."
Shell Faces 'Crisis of Uncertainty,' Says CEO Amid Historic Oil Slump
The Anglo-Dutch energy giant said its Q1 net income had fallen by 46 percent as the industry grapples with a fall in oil demand driven by the coronavirus pandemic.
Coronavirus Pandemic Forces Small Businesses to Close for Good
Small businesses, particularly mom-and-pop restaurants, have been hit hard during the COVID-19 pandemic and many of those have closed their doors for good.
Up to 14 Million Americans Shut Out of Unemployment Benefits
For every 10 Americans who successfully filed unemployment claims during the coronavirus pandemic, at least three or four more have been unable to register due to rampant state-by-state technological problems.