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Uber CEO tells employees that it is finalizing…

Uber's CEO told employees during an all-hands meeting on Tuesday that it was close to finalizing layoffs, saying that plans would be announced within two weeks. Some employees think layoffs could hit next week, with…

How states will determine whether to order 2nd…

As day-over-day growth in new coronavirus cases plateaus in some areas of the US, 19 states have started the reopening process. But experts warn that relaxing social-distancing restrictions too early increases the risk that the…

Were all going to be permanently scarred: Billionaire…

REUTERS/Fred Prouser There's little similarity between the current recession and past crises, but the coronavirus will likely drive the biggest economic hit since the 1930s, billionaire businessman Sam Zell said Tuesday. Where the 2008 financial…

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2 major problems haunted J. Crew even before…

J. Crew Group filed for bankruptcy as the coronavirus pandemic has forced temporary store closures. But the retailer was facing at least two major challenges even before the crisis — namely, a heavy debt load…