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Souplantation's buffet-style restaurants closing for good
The permanent shuttering of the 97 restaurants was announced Thursday following weeks of efforts to salvage San Diego-based Garden Fresh Restaurants, the parent company of Souplantation and Sweet Tomatoes, which operates outside of Southern California. The closing will mean lost jobs for 4,400 employees.
California county says Tesla may not reopen vehicle factory
Tesla "must not reopen" its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, the local county health department said on Friday.
USPS reports whopping loss, warns of pandemic pain
The U.S. Postal Service on Friday said it lost $4.5 billion in the quarter ending in March, more than double its loss over the same period last year, and warned COVID-19 could hurt its finances severely over the next 18 months.
Graduating in a recession can have some silver linings
Some who set up their own businesses after the ‘08 crash say crisis is a good teacher. ‘I had to grow up a little bit faster...because there was no train track I was on.’
Here's when restaurants and bars might reopen
The outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward.
J.C. Penney is about to file for bankruptcy, sources say
J.C. Penney is preparing to file for bankruptcy protection as soon as next, week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter.
The IRS wants some people to mail back their relief checks
The legal grounds are murky.
Norwegian Cruise Line doubts its ability to keep running
Cruise operator Norwegian Cruise Line Holdings said Tuesday it does not have enough cash to meet its obligations in the next year and raised doubts about its ability to keep running its operations.
What to do if your employer ends your retirement plan
If you lose your 401(k) plan, don't panic.
The housing market is facing its next crisis
The speed and broad reach of the disruption is pitting landlords and mortgage companies against homeowners and renters with each side claiming they need more assistance and fueling calls for billions in new aid for the housing sector.
Ultra-rich families with cash on hand pile into private debt
Michel Andre Heller is looking to lend when credit is tight.
Broken supply chain means these products could be out of stock soon
Some products are already in low supply.
Amazon's internal unrest is rising to the top
Tim Bray wrote that staying an Amazon VP would have meant “signing off on actions I despised.”
Why an eccentric millionaire abandoned this castle
From a regal family estate to a raucous nightclub, the tale behind this abandoned mansion isn’t short of twists and turns.
Top brewer AB InBev sees worse ahead, but hope in China
The world's biggest brewer, AB InBev, says it sees signs of a rebound in China, but warns the next quarter will still be worse overall. Julian Satterthwaite reports.
3.2 million unemployment claims filed last week, for a total of 33 million
The latest report from the Labor Department shows that 3.2 million Americans filed unemployment claims last week. That brings the total up to 33 million left jobless since the coronavirus crisis hit. Brown University economics professor John Frieden joins CBSN to discuss the latest numbers, and the economy tracker he has developed with colleagues from Brown and Harvard.
Some business owners excluded from PPP due to criminal history
Small business owners with recent felony convictions or who are on probation are being shut out of federal relief loans.
Coronavirus outbreak increases RV sales
Jeff Flock on RV sales
This single mother makes six figures driving a truck during the coronavirus
April Coolidge became a truck driver in her mid 40s after a long career in real estate. Eight years later as the coronavirus shuts down the economy, she is making more money than she ever did selling houses. Watch this video to learn more about why Coolidge decided to become a trucker and how the coronavirus has changed her time behind the wheel.
Donors in Ireland give millions to American Indians hardest hit by coronavirus
The Irish are repaying a 19th century debt of gratitude to Native Americans during the coronavirus pandemic.
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