News

Jefferies Group CFO has died from coronavirus complications, becoming the first high-profile financial leader to fall victim to the pandemic

Peregrine “Peg” Broadbent, the chief financial officer of Jefferies Group LLC, has died from coronavirus complications. The financial-services company said in a statement that Broadbent had served as CFO since 2007 until his death. The executive’s death marks the first among high-profile financial figures as the outbreak has been linked to illnesses and deaths among […]

News

‘Blindsided’ with no backup plan and rents closing in: Laid-off NYC restaurant workers describe how their lives have changed as their industry collapses around them

New York City’s restaurant industry makes about $50 billion in sales each year and employs 167,000 people. On March 17, all of the city’s restaurants were ordered to close for dine-in service because of the coronavirus pandemic. Some restaurants have managed to stay open by doing only takeout and delivery, but many say it’s not […]

News

The Trump administration sent California 170 ventilators to help in coronavirus battle — but none of them worked

California received 170 ventilators from the federal stockpile to help battle the coronavirus outbreak in the state. However, California Governor Gavin Newsom said all of the ventilators sent to Los Angeles County were “broken.” The state is sending the medical equipment to a company to repair the devices before returning them to hospitals in Los […]

News

Trump’s top economic adviser says Americans can expect coronavirus stimulus checks to show up in their bank accounts ‘in a couple of weeks’

President Donald Trump’s top economic officials said relief checks will be disbursed to qualifying Americans in a few weeks. Larry Kudlow, Trump’s top economic adviser, said loans to small businesses will be “ready for processing” this coming week. As the administration rolls out new economic measures in its novel coronavirus pandemic response, Treasury Secretary Steven […]

News

Whole Foods doesn’t give employees paid maternity leave, and some corporate staffers say it’s having an alarming effect

Amazon-owned Whole Foods offers no paid parental leave to employees. In interviews with Business Insider, nine current and former corporate Whole Foods employees described the lack of paid leave for new mothers as alarming. “I can’t tell you how many crying mothers I spoke to who were completely shocked by the benefits,” said one former […]

News

A self-isolated Boris Johnson tells UK residents ‘things will get worse before they get better’ during coronavirus response

Prime Minister Boris Johnson told UK residents that officials “know things will get worse before they get better” in the novel coronavirus pandemic. Johnson wrote in an open letter to UK residents on the “moment of national emergency” posed by the pandemic, days after he tested positive and entered self-isolation. Officials have turned to address […]