Business

US Jobless Claims Fall to 730,000 But Layoffs Remain High
Economy
US Jobless Claims Fall to 730,000 But Layoffs Remain High

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.  Applications for benefits declined 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. It... Read More

Retailers and Restaurants Take Control of Their Future
Economy
Retailers and Restaurants Take Control of Their Future
2021-02-25 15:07:38
by Sara Wilkerson

Retailers and restaurants are taking control of their future by adapting to evolving consumer behaviors via technology use and operating efficiencies says a new study released from Square Inc. Square’s “Future of Retail” and “Future of Restaurants” reports provide a... Read More

Biden to Order a Review of US Supply Chains for Vital Goods
White House
Biden to Order a Review of US Supply Chains for Vital Goods

WASHINGTON (AP) — President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods.  The United States has become... Read More

Antitrust Reforms Could Kill Competition
Antitrust
Antitrust Reforms Could Kill Competition
2021-02-23 22:07:55
by Victoria Turner

Four panelists warned today that proposed legislative reforms for more aggressive antitrust enforcement in Big Tech would likely spill over across all industries, hindering innovation and harming consumers. Strengthening the antitrust laws - federal and state statutes that restrict the... Read More

Movies Back on the Menu in NYC
Entertainment
Movies Back on the Menu in NYC
2021-02-23 15:58:53
by TWN Staff

NEW YORK - New York City movie theaters will be allowed to reopen, at limited capacity, starting on March 5, Gov. Andrew Cuomo announced Monday. The governor broke the news during his daily press briefing with reporters. He said theaters... Read More

Biden Boosts Pandemic Lending to Smallest of Small Businesses
Economy
Biden Boosts Pandemic Lending to Smallest of Small Businesses
2021-02-22 18:22:30
by TWN Staff

President Joe Biden is extending federal pandemic assistance to the smallest of the nation's small businesses and taking steps to ensure funds reach minority and woman-owned businesses. The steps announced Monday morning are intended to bring more equity to the... Read More

Robinhood in the Hot Seat
Congress
Robinhood in the Hot Seat
2021-02-19 22:12:03
by Victoria Turner

The decision by the online brokerage firm Robinhood to impose restrictions on customer trading at the high point of last month’s online trading frenzy was brought under scrutiny at Thursday’s hearing of the House Financial Services Committee. While Robinhood insists... Read More

CED Report Reveals Severity of America’s Deteriorating Infrastructure
Infrastructure
CED Report Reveals Severity of America’s Deteriorating Infrastructure
2021-02-19 19:43:33
by TWN Staff

WASHINGTON - Neglected for too long, America’s severe infrastructure needs must finally be placed at the top of the U.S. policy agenda, the Committee for Economic Development of The Conference Board said Thursday. A new, comprehensive report, offers several policy recommendations... Read More

Panelists Call for Industrial Policy to Counter China’s Party-State Economic Approach
Geopolitics
Panelists Call for Industrial Policy to Counter China’s Party-State Economic Approach
2021-02-17 17:02:32
by Victoria Turner

The proposal for a national industrial policy took the stage Tuesday as a panel of experts grappled with how the U.S. government should respond to the increasing challenges posed by China’s “party-state capitalism.”  Panelists discussed the increased global growth of... Read More

ROKK Solutions and Engagious Launch Strategic Partnership
Business
ROKK Solutions and Engagious Launch Strategic Partnership
2021-02-16 21:19:18
by TWN Staff

Leading bipartisan public affairs firm ROKK Solutions and the widely-respected research firm Engagious are joining forces to offer a potent combination of communications and research capabilities to help organizations win their public policy campaigns. The newly announced strategic partnership will allow the two firms to... Read More

Restaurants Urge Congress to Forgo Minimum Wage Hike
Employment
Restaurants Urge Congress to Forgo Minimum Wage Hike
2021-02-16 21:18:10
by TWN Staff

The National Restaurant Association is urging Congress not to increase the federal minimum wage as part of President Joe Biden's $1.9 trillion COVID relief package. The association said in a letter sent to congressional leaders Tuesday that fast-tracking a minimum... Read More

Black-Owned Businesses Lack Resources Amid Pandemic
Business
Black-Owned Businesses Lack Resources Amid Pandemic
2021-02-12 21:16:10
by Victoria Turner

The pandemic has made clear that broadband access goes hand-in-hand with economic opportunity, exposing the inequities and lack of resources for black-owned businesses across the country, according to Commissioner Geoffrey Starks of the Federal Communications Commission. Since the onset of... Read More

Blockchain Could Move Cryptocurrency to Pivotal Place in Economies
Finance
Blockchain Could Move Cryptocurrency to Pivotal Place in Economies
2021-02-12 20:55:07
by Reece Nations

Cryptocurrencies have the potential to decentralize systems of commerce across the world, leading to vast peer-to-peer markets absent of manipulation.   In order for this to come to fruition, Sheila Warren, head of data, blockchain and digital assets and member of... Read More

Public/Private Plans for ‘Upskilling’ the Workforce
Business
Public/Private Plans for ‘Upskilling’ the Workforce
2021-02-12 20:51:42
by Kate Michael

WASHINGTON — The work environment during COVID has demonstrated an increased need for technical expertise in the workforce. A report from the World Economic Forum offers that by 2022 — just next year — half of employees will require significant... Read More

Pandemic Fever Got You Down? Smash Up Stuff at The Rage Room
Mental Health
Pandemic Fever Got You Down? Smash Up Stuff at The Rage Room

WESTLAKE VILLAGE, Calif. (AP) — After nearly a year of being trapped in pandemic isolation, some people just want to pick up a sledgehammer and smash something to smithereens."That felt good," sweating insurance executive Josh Elohim said after reducing a... Read More

Pappas Leads Bipartisan Call For Support for New Hampshire’s Seacoast
Congress
Pappas Leads Bipartisan Call For Support for New Hampshire’s Seacoast
2021-02-11 19:39:32
by TWN Staff

WASHINGTON - Rep. Chris Pappas, D-N.H., led a group of 10 lawmakers this week in a bipartisan call for $100 million in funding for the National Sea Grant College Program in the next COVID relief package. Since the beginning of... Read More

Lockdowns Weigh on German Beer Sales, Hurt Small Brewers
International
Lockdowns Weigh on German Beer Sales, Hurt Small Brewers

COLOGNE, Germany (AP) — Bars have been closed for more than three months, Carnival celebrations are canceled, and it's not clear when things will get better in Germany. That has left the boss of Brauerei Heller, an organic brewery in... Read More

Comcast‌ ‌Announces‌ ‌Plans‌ ‌to‌ ‌‘Accelerate’‌ ‌Digital‌ ‌Equity‌ ‌Efforts‌ ‌
Business
Comcast‌ ‌Announces‌ ‌Plans‌ ‌to‌ ‌‘Accelerate’‌ ‌Digital‌ ‌Equity‌ ‌Efforts‌ ‌
2021-02-08 17:10:37
by Reece Nations

PHILADELPHIA — Comcast announced the company would escalate its commitment to address digital equity by closing the digital divide through addressing digital literacy and the homework gap. Since 2011, Comcast has facilitated the largest low-cost Internet adoption program for low-income... Read More

Oregon Timber Talks Underway, Habitat Conservation Plan in Development
State News
Oregon Timber Talks Underway, Habitat Conservation Plan in Development
2021-02-04 20:33:25
by Reece Nations

SALEM, Ore. — Oregon Gov. Kate Brown announced the first of a series of negotiations Wednesday in a collaborative effort between conservation leaders, fishing organizations and forestry representatives to adapt statewide forest practices.  Brown brokered an agreement between the conservation... Read More

Businesses Face Hard Decisions on Whether, When to Hire
Economy
Businesses Face Hard Decisions on Whether, When to Hire

NEW YORK (AP) — As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go... Read More

Jeff Bezos, Amazon's Founder, Will Step Down as CEO
Business
Jeff Bezos, Amazon's Founder, Will Step Down as CEO

NEW YORK (AP) — Jeff Bezos, who founded Amazon and turned into an online shopping behemoth, is stepping down as the company's CEO, a role he's had for nearly 30 years. He'll be replaced in the fall by Andy Jassy,... Read More

Federal Reserve Bank Presidents Call for 'Rethinking' of Job Flexibility
Future of Work
Federal Reserve Bank Presidents Call for 'Rethinking' of Job Flexibility
2021-02-02 16:00:02
by Victoria Turner

The pandemic has exacerbated deep-rooted issues in the structure of jobs. The need to “rethink” the future-of-work to incorporate flexibility and employee needs came to the limelight during a fireside chat between the presidents of two Federal Reserve Banks on... Read More

Fight The Man: What GameStop's Surge Says About Online Mobs
Wall Street
Fight The Man: What GameStop's Surge Says About Online Mobs

It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of... Read More

Search is on For New Leaders in Journalism's Upper Echelons
Media
Search is on For New Leaders in Journalism's Upper Echelons

NEW YORK (AP) — The “help wanted” list for top management jobs in journalism is suddenly getting very long. Searches for new leaders at brand names like The Washington Post, ABC News and the Los Angeles Times are coming at... Read More

US Consumer Spending Fell 0.2% in December in Face of Virus
Economy
US Consumer Spending Fell 0.2% in December in Face of Virus

WASHINGTON (AP) — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic. The decline reported Friday by... Read More

Merck Halts Work on Vaccine, Moderna Delivers 30.4 Million Doses to Feds
Business
Merck Halts Work on Vaccine, Moderna Delivers 30.4 Million Doses to Feds
2021-01-27 21:42:23
by Daniel Mollenkamp

Merck has withdrawn from the sprint to produce coronavirus vaccines after its two candidates failed to achieve strong results in preliminary trials. The first phase of clinical studies showed that even though the vaccine candidates were "well tolerated" the immune... Read More

Biden’s Buy American Order Gets Mixed Industry Reaction
Economy
Biden’s Buy American Order Gets Mixed Industry Reaction
2021-01-26 20:24:03
by Tom Ramstack

WASHINGTON -- President Joe Biden’s executive order Monday to boost American manufacturing is receiving a warm welcome from some major industry associations but words of caution from U.S. trade partners. The order requires federal agencies to purchase more of their... Read More

U.S. Push For Electric Vehicles for Emergency, Economy, Environment
Climate
U.S. Push For Electric Vehicles for Emergency, Economy, Environment
2021-01-25 17:26:48
by Kate Michael

WASHINGTON — President Biden’s early agenda shows sustainability enjoying the highest priority it has ever received. Yet analysts wonder how this focus on the environment will affect America’s economy. Take, for example, the automobile industry. The manufacture and sale of... Read More

Judge Says Amazon Won't Have to Restore Parler Web Service
Social Media
Judge Says Amazon Won't Have to Restore Parler Web Service

Amazon won't be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favored by followers of former President Donald Trump. U.S. District Judge... Read More

Indoor Dining to Resume in the District of Columbia at 25% Capacity
District of Columbia
Indoor Dining to Resume in the District of Columbia at 25% Capacity
2021-01-21 17:04:31
by Dan McCue

WASHINGTON - Restaurants in the District of Columbia will be able to resume indoor dining at 25% capacity beginning early Friday morning, the chief of staff for Mayor Muriel Bowser said. In a post to his Twitter account, John Falcicchio,... Read More

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