U.S. adds 1.8 million jobs in July, but that can’t make up for pandemic losses

A Wharton professor calls the job report “middling” at best and says “we’re certainly heading in the right direction, but there’s a hell of a long way to go."

Moody’s Mark Zandi says the U.S. needs to spend big and fast to avoid falling back into recession

Lawmakers should err on the side of a rescue package that is bigger than may ultimately be needed. as this may be the only window they will have to pass legislation to support the economy again until after the presidential inauguration in January. That’s a very long time while engulfed in a crisis.

Moody’s Mark Zandi says the U.S. needs to spend big and fast to avoid falling back into recession

Lawmakers should err on the side of a rescue package that is bigger than may ultimately be needed. as this may be the only window they will have to pass legislation to support the economy again until after the presidential inauguration in January. That’s a very long time while engulfed in a crisis.

Mall owner PREIT pares executive salaries and suspends dividend payments in deal with lenders to avoid default

The salary cuts comes after a report that chief executive Joseph C. Coradino had not joined other corporate leaders in taking a reduction to save cash during the coronavirus crisis, while the deal with banks buys time to negotiate a new loan.

Mall owner PREIT pares executive salaries and suspends dividend payments in deal with lenders to avoid default

The salary cuts comes after a report that chief executive Joseph C. Coradino had not joined other corporate leaders in taking a reduction to save cash during the coronavirus crisis, while the deal with banks buys time to negotiate a new loan.

Black-owned businesses are finding new opportunities in today’s justice movement

“In the past, we would never post the fact that we were a Black-owned business,” says one executive. “History has taught us that it can be a liability. But now we are now in a fortunate position.”

Black-owned businesses are finding new opportunities in today’s justice movement

“In the past, we would never post the fact that we were a Black-owned business,” says one executive. “History has taught us that it can be a liability. But now we are now in a fortunate position.”
More Stories

Wawa permanently closing Broad & Walnut store

"Due to the impact from the pandemic coupled with some operational uncertainties of today, our long-term plans for this store are no longer viable," the company said.

Bankrupt Hertz is still wrongly accusing customers of stealing its cars, lawsuit claims

Rent-a-car customers who use debit cards and extend their contracts have been arrested at gunpoint, charged with grand theft auto, and thrown in jail. Hertz says there's no "systematic problem." A Philadelphia-area attorney says dozens of lives have been ruined.

Lord & Taylor, oldest department store chain in U.S., files for bankruptcy

Lord & Taylor, the country's oldest department store chain, filed for bankruptcy on Sunday, joining about a dozen iconic retailers that have sought Chapter 11 protection during the pandemic.

Target will be closed on Thanksgiving, joining Walmart and ending Black Friday kickoff

The move, announced Monday, come as stores are rethinking the Black Friday in-store bargain shopping as they try to curb the spread of the coronavirus.

Jeff Bezos added a record $13 billion to his fortune yesterday

It's the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012.

Urban Outfitters faces a racial reckoning for what Black employees say is a toxic workplace

The company acknowledged "there was an issue in the Rittenhouse store, and we will be taking further actions to fully rectify that situation.”

Target has joined the list of major retailers mandating coronavirus masks

The policy will go into effect Aug. 1.

Walmart will require customers to wear masks at all its stores

The company said the policy will go into effect on Monday to allow time to inform stores and customers.

How the coronavirus threatens everything from high-rise buildings and condos to retail and SEPTA in Philadelphia

Even if a vaccine is perfected, the virus is likely to have lasting impacts on dense cities like Philadelphia, especially its high-rise buildings, eateries, retailers, mass transit, colleges, and local governments.

Column

Walgreens among the first to report its losses from looters as Philly’s business insurance costs jump

You’ve packed so many things into 2020 -- wild market fluctuations, pandemic, rioting, a total retuning of social consciousness"

How to keep backyard play sets clean during the pandemic this summer

Keep surfaces clean, and keep six feet of distance if children from other households mix, expert say.

Does your small business need a receptionist?

Besides cutting overhead, the right phone system at the company can also improve productivity and customer service. But some businesses rely on the human connection.

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