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Labor Department: Layoffs, Discharges Jump 9.5M In March

Labor Department: Layoffs, Discharges Jump 9.5M In March
Labor Department: Layoffs, Discharges Jump 9.5M In March
May 15, 2020  |  Economy

As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from...

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Atlanta Fed: GDP Could Tumble By 43 Pct In Q2
Atlanta Fed: GDP Could Tumble By 43 Pct In Q2
May 15, 2020  |  Economy

Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is...

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Restaurants Vs. Grocery Stores: Who Wins In a Post-Pandemic World?
Restaurants Vs. Grocery Stores: Who Wins In a Post-Pandemic World?
May 15, 2020  |  Retail

The fact that grocery stores are comprehensively winning the race to keep the American consumer fed shouldn’t be too surprising, considering grocery stores are by...

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AP Automation, Subscriptions, PPP Top This Week’s News
AP Automation, Subscriptions, PPP Top This Week’s News
May 15, 2020  |  News

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Report: Google Likely To Face Antitrust Lawsuits
Report: Google Likely To Face Antitrust Lawsuits
May 15, 2020  |  ANTITRUST

Google is likely to face antitrust lawsuits from the U.S. Department of Justice and a group of state attorneys general, The Wall Street Journal is reporting....

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Economist: 42 Pct Of Pandemic Layoffs Will Be Permanent
Economist: 42 Pct Of Pandemic Layoffs Will Be Permanent
May 15, 2020  |  Economy

A recent economic survey forecasts that 42 percent of layoffs will bring about permanent job losses. In a televised interview on CNBC, University of Chicago...

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Amazon Sues Two Firms Over Alleged Alexa Scam
Amazon Sues Two Firms Over Alleged Alexa Scam
May 15, 2020  |  Amazon

Amazon has filed suit against two companies that are allegedly operating a global tech support scheme targeting Alexa users, CNN reported. Get the Full Story...

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House To Pass $3T Stimulus Package Despite GOP Opposition
House To Pass $3T Stimulus Package Despite GOP Opposition
May 15, 2020  |  Economy

House Democrats made the case for a $3 trillion coronavirus stimulus package Friday (May 15), as White House and GOP leaders said they oppose what...

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