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America has gone from having the strongest job market in decades to the very opposite during the pandemic. For older workers who have lost their jobs this year, the state of the labor market makes it harder to get rehired as the economy recovers, forcing many Americans to retire early. The US economy shed more

The private bankers responsible for lending to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said. “Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by the bank,” Daniel Hunter, a spokesman for the bank said in a statement. Vrablic

Tesla CEO Elon Musk said on Twitter on Tuesday that he attempted to sell the company “during the darkest days of the Model 3 program,” but that Apple CEO Tim Cook “refused to take the meeting.” Apple did not immediately respond to a request for comment Musk made the claim in response to a post

The Department of Justice is alleging that Walmart broke the law and contributed to the prescription opioid crisis by filling thousands of invalid prescriptions and failing to report suspicious orders of opioids, according to the department’s statement. The Justice Department said the civil penalties it is seeking could total billions of dollars and injunctive relief.

Tesla CEO Elon Musk said on Twitter on Tuesday that he attempted to sell the company “during the darkest days of the Model 3 program,” but that Apple CEO Tim Cook “refused to take the meeting.” Apple did not immediately respond to a request for comment Musk made the claim in response to a post

Ray Dalio, the billionaire founder of the world’s largest hedge fund, is deeply worried about a divided and profoundly unequal America as President-elect Joe Biden prepares to take power. Dalio is warning that leaders must urgently address the toxic brew of worsening inequality, political polarization and mounting debt. “There will have to be a resolution

Executives from United and American Airlines announced plans Tuesday to bring back thousands of their furloughed workers in response to Congress passing its latest Covid-19 relief bill. The new law includes an extension of the airline industry’s Payroll Support Program, which sets aside $15 billion in assistance to bring back more than 32,000 United and

Some workers hope to continue the full-time telecommuting life indefinitely, pandemic or no pandemic. Brandon Penn isn’t one of them. “I am someone who thrives off of social in-person interaction, he said. “White-boarding sessions, brainstorming sessions, being able to tap on a neighbor’s shoulder if you have a question and overall, just being able to

Tucked away in the more than 5,000-page long Covid-19 stimulus bill is a new law that severely punishes streamers that pirate large amounts of copyrighted content. You probably have nothing to worry about: The “Protecting Lawful Streaming Act,” which was introduced earlier this month by Senator Thom Tillis, a Republican from North Carolina, doesn’t target

After months and months of delay, Congress has passed a $900 billion stimulus package that promises to accelerate vaccine distribution and deliver much-needed aid to small businesses and Americans who have been struggling to get by. What’s happening: The White House has said that President Donald Trump will sign the legislation once it reaches his

Burger King is adding a new dollar menu, bucking the trend of fast food chains pushing customers to more expensive items as food and labor costs continue to climb. The “$1 Your Way Menu,” which rolls out December 28, has four items: A bacon cheeseburger, Chicken Jr. sandwich, fries and a soft drink. Its arrival

SoftBank wants in on one of Wall Street’s hottest trends as it looks to beef up its tech portfolio once again. On Monday, the Japanese conglomerate revealed plans to raise over half a billion dollars in New York through an initial public offering of a special purpose acquisition company (SPAC). The newly created firm, SVF

France has suspended transport links with Britain after a new Covid-19 variant emerged in southern England, adding to growing chaos at UK ports and giving the country a taste of the potential disruption to food and other vital supplies that could accompany a “no-deal” Brexit in just 10 days’ time. Dozens of countries in Europe

It was a bumpy ride for US stocks on Monday as worries over a new variant of the coronavirus overshadowed the news of a second pandemic relief bill that was agreed to in Washington late Sunday. The market finished mixed, with the Dow closing 0.1%, or 37 points, higher, while the broader S&P 500 ended

So much for Tesla getting a bump on its first official day in the S&P 500. Shares of Tesla fell more than 6% Monday, dipping along with the broader market because of concerns about a new variant of Covid-19 and some disappointment over the relatively small stimulus deal reached in Washington. The Tesla sell-off accelerated