More than 26 million Americans are currently collecting unemployment benefits, according to the Labor Department. Of those, over 13 million are relying on pandemic-related programs for benefits, as they would not normally be eligible. But further stimulus package negotiations remain at a standstill, even as experts urge Congress to take action. More waiting could “lead to a weak recovery,
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Dollar General has announced a new retail store concept, called popshelf, that is targeting a higher-income shopper. While part of the Dollar General corporation, popshelf will be a differentiated store and shopping experience, according to the company. In a release announcing the venture, the company said that each approximately 9,000 square-foot popshelf store will be
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Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020. Bing Guan | Reuters All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real
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More than 637 million people traveled within China over the past week in celebration of the country’s annual “Golden Week,” the country’s government said on Friday. The government estimates domestic travelers generated around 466 billion yuan ($68.6 billion) in tourism revenue during the holiday period. Two holidays converged this year: National Day, which celebrates the founding
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Some are calling it “a la carte stimulus,” with aid for airlines in column A, PPP aid in Column B, etc.  Whatever it is,  hopes for stimulus — pre-election, post-election, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts in cyclicals like industrials, materials, consumer discretionary, and banks. Many big names like Caterpillar,
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Powerhouse showbiz couple Rachel and Terence Winter have hoisted their midcentury home in a prime neighborhood of L.A.’s proto-suburban Encino community on the market at a hair under $2.9 million. Tax records show the Winters acquired the stylishly retro property in about five-and-a-half years ago for a tetch more than $2.1 million, and listings held
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There has been a lot written and said about COVID-19 and teleworking friendly work policies sending urbanites permanently into the suburbs and even rural areas. But migration from cities is nothing new, according to urban planner Christopher Rhie, an associate principal with the Los Angeles office of global firm Buro Happold.  “Retirees and young families
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Lost Horizon; crimes of Misdemeanor; Strachans plea; and other highlights of recent tax cases. Shoreview, Minnesota: Preparer Olufemi Augustine Badejo has been found guilty of four felony counts of filing a false income tax return, four felony counts of knowingly preparing returns that were fraudulent or false, and one felony count of filing a false
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