In Minneapolis, His Barbershop Was Shut By Lockdown, Then Destroyed By Fire Trevon Ellis spent years building up his Minneapolis barbershop, luring customers with smart haircuts, snacks and friendly conversation. It took just one terrible night to destroy it all.Heard onToggle more optionsTrevon Ellis spent years building up his north Minneapolis barbershop, the Fade Factory, luring customers with smart haircuts, snacks and friendly conversation. It took just one terrible night to destroy it all. "Inside is totally burned down," Ellis says. "Everything was burned to a crisp."The recent wave...…In Minneapolis, His Barbershop Was Shut By Lockdown, Then Destroyed By Fire Trevon Ellis spent years building up his Minneapolis barbershop, luring customers with smart haircuts, snacks and friendly conversation. It took just one terrible night to destroy it all.Heard onToggle more optionsTrevon Ellis spent years building up his north Minneapolis barbershop, the Fade Factory, luring customers with smart haircuts, snacks and friendly conversation. It took just one terrible night to destroy it all. "Inside is totally burned down," Ellis says. "Everything was burned to a crisp."The recent wave...WW…

When the British economy ground to a halt a few weeks ago, Reda Maher suddenly found himself among the ranks of the unemployed, alongside untold millions of other people around the world.But unlike many people around the world, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work."I woke up a couple of hours later than I normally would. I won't lie," Maher said one afternoon earlier this month. "I took a nice long masked and gloved walk. I've got a remote personal training like fitness session in about 20 minutes."The United Kingdom...…When the British economy ground to a halt a few weeks ago, Reda Maher suddenly found himself among the ranks of the unemployed, alongside untold millions of other people around the world.But unlike many people around the world, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work."I woke up a couple of hours later than I normally would. I won't lie," Maher said one afternoon earlier this month. "I took a nice long masked and gloved walk. I've got a remote personal training like fitness session in about 20 minutes."The United Kingdom...WW…

New Unemployment Claims Are Up For The First Time In 4 Months : Coronavirus Updates New claims for unemployment benefits rise to 1.4 million, a sign that the labor market is deteriorating as businesses close their doors again after the pandemic intensifies.Heard onToggle more optionsUpdated at 11:34 a.m. ET New claims for unemployment benefits rose last week for the first time in four months — since March 28 — as states began reimposing lockdown restrictions in an effort to reverse a surge of coronavirus cases. More than 1.4 million new claims were filed during the week ending July 18, an...…New Unemployment Claims Are Up For The First Time In 4 Months : Coronavirus Updates New claims for unemployment benefits rise to 1.4 million, a sign that the labor market is deteriorating as businesses close their doors again after the pandemic intensifies.Heard onToggle more optionsUpdated at 11:34 a.m. ET New claims for unemployment benefits rose last week for the first time in four months — since March 28 — as states began reimposing lockdown restrictions in an effort to reverse a surge of coronavirus cases. More than 1.4 million new claims were filed during the week ending July 18, an...WW…

Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis. And so her company applied for a loan under the first, $349 billion round of the Paycheck Protection Program, which the federal government had set up to...…Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis. And so her company applied for a loan under the first, $349 billion round of the Paycheck Protection Program, which the federal government had set up to...WW…

States' Unemployment Funds Begin To Dry Up Around 30 million people have applied for unemployment benefits since mid-March, and state unemployment funds are struggling to keep up with the flood of claims.Heard onToggle more optionsAround 30 million people have applied for unemployment benefits since mid-March, and state unemployment funds are struggling to keep up with the flood of claims.DAVID GREENE, HOST:State unemployment funds are starting to run dry. They simply can't keep up with the flood of unemployment claims coming in right now. Some 30 million people have applied for benefits...…States' Unemployment Funds Begin To Dry Up Around 30 million people have applied for unemployment benefits since mid-March, and state unemployment funds are struggling to keep up with the flood of claims.Heard onToggle more optionsAround 30 million people have applied for unemployment benefits since mid-March, and state unemployment funds are struggling to keep up with the flood of claims.DAVID GREENE, HOST:State unemployment funds are starting to run dry. They simply can't keep up with the flood of unemployment claims coming in right now. Some 30 million people have applied for benefits...WW…

Europe Vs. U.S.: Job Cuts Are Handled Differently, Hurting People Less Many governments, especially in European countries, are handling unemployment differently, paying companies to keep their workers on the payroll until the pandemic is over.Toggle more optionsWhen the British economy ground to a halt a few weeks ago, Reda Maher suddenly found himself among the ranks of the unemployed, alongside untold millions of other people around the world. But unlike many others, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work. "I woke up...…Europe Vs. U.S.: Job Cuts Are Handled Differently, Hurting People Less Many governments, especially in European countries, are handling unemployment differently, paying companies to keep their workers on the payroll until the pandemic is over.Toggle more optionsWhen the British economy ground to a halt a few weeks ago, Reda Maher suddenly found himself among the ranks of the unemployed, alongside untold millions of other people around the world. But unlike many others, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work. "I woke up...WW…

LA Lakers Got A PPP Small Business Loan, But The Team Is Returning Money : Coronavirus Updates The $3.7 billion NBA franchise and a handful of businesses are returning money they received from a federal program that was intended to help small companies hurt by the coronavirus pandemic.Updated Tuesday at 9:31 a.m. ET Several large restaurant chains, an asset management firm and even the Los Angeles Lakers have returned money they received from the first $349 billion allotment in the Paycheck Protection Program. The decision to give back the money comes amid complaints that many large...…LA Lakers Got A PPP Small Business Loan, But The Team Is Returning Money : Coronavirus Updates The $3.7 billion NBA franchise and a handful of businesses are returning money they received from a federal program that was intended to help small companies hurt by the coronavirus pandemic.Updated Tuesday at 9:31 a.m. ET Several large restaurant chains, an asset management firm and even the Los Angeles Lakers have returned money they received from the first $349 billion allotment in the Paycheck Protection Program. The decision to give back the money comes amid complaints that many large...WW…

U.S. Meat Supply Is 'Perilously Close' To A Shortage, Smithfield CEO Warns : Coronavirus Updates A Smithfield Foods plant in South Dakota that produces 4% to 5% of the nation's pork supply has become the latest meat processing facility to shut down as COVID-19 sickens plant workers.Updated at 2:25 p.m. ET One of the country's largest pork-producing plants closed indefinitely after nearly 300 of its employees tested positive for COVID-19. And the company's CEO warned that the coronavirus pandemic is pushing the nation's meat supply "perilously close" to the edge. "It is impossible to keep...…U.S. Meat Supply Is 'Perilously Close' To A Shortage, Smithfield CEO Warns : Coronavirus Updates A Smithfield Foods plant in South Dakota that produces 4% to 5% of the nation's pork supply has become the latest meat processing facility to shut down as COVID-19 sickens plant workers.Updated at 2:25 p.m. ET One of the country's largest pork-producing plants closed indefinitely after nearly 300 of its employees tested positive for COVID-19. And the company's CEO warned that the coronavirus pandemic is pushing the nation's meat supply "perilously close" to the edge. "It is impossible to keep...WW…

'A Homeless Pandemic' Looms As 30 Million Are At Risk Of Eviction Federal and state eviction bans, put in place during the pandemic, have lapsed. President Trump's executive order to prevent evictions isn't enough and Congress needs to act, housing activists say.Heard onToggle more optionsCruz Santos thought her life was finally turning around in early March when she found a job at a shoe store after months of looking. Two weeks later, the store shut down, throwing her back onto the unemployment lines, and leaving her and her three school-age kids at risk of losing the one-bedroom Bronx...…'A Homeless Pandemic' Looms As 30 Million Are At Risk Of Eviction Federal and state eviction bans, put in place during the pandemic, have lapsed. President Trump's executive order to prevent evictions isn't enough and Congress needs to act, housing activists say.Heard onToggle more optionsCruz Santos thought her life was finally turning around in early March when she found a job at a shoe store after months of looking. Two weeks later, the store shut down, throwing her back onto the unemployment lines, and leaving her and her three school-age kids at risk of losing the one-bedroom Bronx...WW…

How The Recession Has Benefited The Richest Of The Rich While much of the country is mired in economic hardship, a small group has emerged richer. They've benefited from a buoyant stock market and tax code changes that have favored the wealthy.Heard onToggle more optionsWhile much of the country is mired in economic hardship, a small group has emerged richer. They've benefited from a buoyant stock market and tax code changes that have favored the wealthy.RACHEL MARTIN, HOST:It's been a very difficult economy for a lot of Americans to navigate over the past few months. There have been so...…How The Recession Has Benefited The Richest Of The Rich While much of the country is mired in economic hardship, a small group has emerged richer. They've benefited from a buoyant stock market and tax code changes that have favored the wealthy.Heard onToggle more optionsWhile much of the country is mired in economic hardship, a small group has emerged richer. They've benefited from a buoyant stock market and tax code changes that have favored the wealthy.RACHEL MARTIN, HOST:It's been a very difficult economy for a lot of Americans to navigate over the past few months. There have been so...WW…