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Walt Disney World theme parks propose mid-July reopening


Created: Wed, 27 May 2020 22:32:00 -0400

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If the plans are approved, Disney's Magic Kingdom and Animal Kingdom will start reopening on July 11.

Read more: Walt Disney World theme parks propose mid-July reopening


Race for coronavirus vaccines stokes a biotech stock bubble


Created: Wed, 27 May 2020 20:24:49 -0400

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Biotech stocks like Moderna and Novavax are up as much as 1,200% this year as Wall Street bets on coronavirus cures.

Read more: Race for coronavirus vaccines stokes a biotech stock bubble


It would take a typical worker 169 years to amass a CEO's salary


Created: Wed, 27 May 2020 19:28:02 -0400

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The median CEO pulled in $12.3 million last year, prior to the coronavirus-induced shutdown.

Read more: It would take a typical worker 169 years to amass a CEO's salary


NY business owner worries about a city "emptying out"


Created: Wed, 27 May 2020 17:21:39 -0400

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David Seixas fears the virus's devastating impact on city life will chase away patrons forever from his and others' businesses.

Read more: NY business owner worries about a city "emptying out"


Amazon COVID-19 publicity video airs as news on TV stations


Created: Wed, 27 May 2020 15:32:41 -0400

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PR or propaganda? Retailer defends safety efforts amid calls to shut down some warehouses after workers die from COVID-19.

Read more: Amazon COVID-19 publicity video airs as news on TV stations


Scammers steal "hundreds of millions" via fake jobless claims


Created: Wed, 27 May 2020 15:08:57 -0400

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Fraudster ring operating out of Nigeria has used stolen identities to file fake jobless claims in dozens of states.

Read more: Scammers steal "hundreds of millions" via fake jobless claims


Boeing slashing 12,000 jobs as coronavirus slams travel


Created: Wed, 27 May 2020 14:50:55 -0400

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Aviation giant will lay off nearly 7,000 workers this week, while thousands of others are taking voluntary buyouts.

Read more: Boeing slashing 12,000 jobs as coronavirus slams travel


Retailer Tuesday Morning goes bankrupt, citing coronavirus


Created: Wed, 27 May 2020 12:56:28 -0400

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Discount chain joins J.C. Penney, Neiman Marcus and other large retailers to collapse during the pandemic.

Read more: Retailer Tuesday Morning goes bankrupt, citing coronavirus


An urban farm's quest to survive and thrive


Created: Wed, 27 May 2020 09:34:20 -0400

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Before the coronavirus, this non-profit farm was flourishing. Amid an uncertain future, they're still giving back.

Read more: An urban farm's quest to survive and thrive


LA retail stores to reopen with in-person shopping, mayor says


Created: Wed, 27 May 2020 08:04:31 -0400

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Personal service locations like hair salons will not yet be permitted to reopen, and dining in at restaurants still won't be allowed.

Read more: LA retail stores to reopen with in-person shopping, mayor says


Apple to reopen 100 stores in the U.S. this week


Created: Wed, 27 May 2020 08:00:59 -0400

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Some of the iPhone maker's retail outlets will require both workers and customers to wear masks.

Read more: Apple to reopen 100 stores in the U.S. this week


Economy took biggest fall in more than 50 years, Chicago Fed says


Created: Wed, 27 May 2020 07:59:59 -0400

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According to the Labor Department, one in four American workers filed for jobless benefits in the last 10 weeks.

Read more: Economy took biggest fall in more than 50 years, Chicago Fed says


Twitter won't remove Trump conspiracy tweets about Scarborough


Created: Wed, 27 May 2020 07:15:02 -0400

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Widower Timothy Klausutis said the baseless conspiracy theory about Joe Scarborough and his wife's death, pushed by President Trump, has left him "frustrated and grieved."

Read more: Twitter won't remove Trump conspiracy tweets about Scarborough


Six Flags to reopen first of 26 closed theme parks


Created: Tue, 26 May 2020 21:21:00 -0400

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Outdoors attraction Frontier City set to resume operations June 5 with new safety protocols and reduced attendance.

Read more: Six Flags to reopen first of 26 closed theme parks


Stocks are on a roll even as the economy tanks — here's why


Created: Tue, 26 May 2020 18:04:00 -0400

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Stock market has surged 35% since a mid-March low as investors hang their hopes on an economic recovery.

Read more: Stocks are on a roll even as the economy tanks — here's why


Laid-off servers find they earn too little to get unemployment


Created: Tue, 26 May 2020 16:01:28 -0400

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Millions of U.S. workers make their living off tips. Now, some are finding they don't qualify for jobless benefits.

Read more: Laid-off servers find they earn too little to get unemployment


Full-time bartender denied unemployment for earning too little


Created: Tue, 26 May 2020 15:25:43 -0400

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Sarah May was laid off from her job due to COVID-19 but was told she didn't earn enough to qualify for unemployment benefits. May shared her story with CBS News.

Read more: Full-time bartender denied unemployment for earning too little


Why so many tipped workers are denied unemployment aid


Created: Tue, 26 May 2020 14:15:45 -0400

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About 60% of service-sector workers applying for unemployment get denied, according to research from the advocacy group One Fair Wage. Co-founder Saru Jayaraman explains why tipped work is often so precarious.

Read more: Why so many tipped workers are denied unemployment aid


Trump adviser sparks anger with reference to "human capital stock"


Created: Tue, 26 May 2020 13:45:06 -0400

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Bloodless technical term provokes backlash on social media, although it's standard among economists.

Read more: Trump adviser sparks anger with reference to "human capital stock"


Fashion runway shows? That's so last year


Created: Mon, 25 May 2020 21:00:40 -0400

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No more shuttling fashionistas between global capitals to squeeze bony-shoulder-to-bony-shoulder around runways.

Read more: Fashion runway shows? That's so last year


Dairy farmers donate surplus milk to food banks


Created: Mon, 25 May 2020 19:18:48 -0400

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When coronavirus lockdown measures were first implemented, dairy farmers dumped tens of thousands of gallons of surplus milk that was no longer needed for schools and restaurants. Now, that excess milk is being donated to food banks. Carter Evans reports.

Read more: Dairy farmers donate surplus milk to food banks


Feds cut off early looks at economic data for news media


Created: Mon, 25 May 2020 16:06:00 -0400

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For decades, reporters had early access to highly anticipated releases, such as the monthly jobs report. No longer.

Read more: Feds cut off early looks at economic data for news media


Fire devastates "heart and soul" of San Francisco fishing industry


Created: Mon, 25 May 2020 15:17:35 -0400

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Blaze destroyed a key part of Fisherman's Wharf — the fishing gear that's used to deliver most of city's fresh seafood.

Read more: Fire devastates "heart and soul" of San Francisco fishing industry


Small Business Administration won't name PPP borrowers


Created: Mon, 25 May 2020 14:09:40 -0400

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U.S. Small Business Administration has yet to make public the names of companies that tapped the $660 billion program.

Read more: Small Business Administration won't name PPP borrowers


Deadlines for laid-off workers to get health care coverage looming


Created: Mon, 25 May 2020 12:51:55 -0400

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Taxpayer-subsidized health insurance is available to many laid-off workers who have lost their health insurance in the coronavirus shutdown.

Read more: Deadlines for laid-off workers to get health care coverage looming


The next COVID-19 frontier? Your dentist's office


Created: Mon, 25 May 2020 11:05:22 -0400

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Patients may find fewer chairs — and no magazines — in waiting rooms, plus air filters that eliminate patient "spray."

Read more: The next COVID-19 frontier? Your dentist's office


As workers return to jobs, "stakes have never been higher"


Created: Mon, 25 May 2020 09:57:15 -0400

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Managers may be used to decisions that determine the life or death of a company. But the life or death of an employee?

Read more: As workers return to jobs, "stakes have never been higher"


Where can I buy a face mask?


Created: Mon, 25 May 2020 07:50:52 -0400

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CDC advises that all Americans wear face coverings in public to contain the coronavirus. Here's where to find one.

Read more: Where can I buy a face mask?


How COVID-19 impacts Hollywood's employees


Created: Sun, 24 May 2020 19:00:01 -0400

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Memorial Day weekend usually means the start of the season of summer blockbusters, but the coronavirus pandemic has dimmed the bright lights of Hollywood this year. Jamie Yuccas reports.

Read more: How COVID-19 impacts Hollywood's employees


Colorado tourist attractions remain closed despite reopening plans


Created: Sun, 24 May 2020 19:00:01 -0400

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All 50 states have reopened to different degrees, but in Colorado the message is "you are not welcome". Barry Petersen reports on why the Centennial State is asking people to stay away.

Read more: Colorado tourist attractions remain closed despite reopening plans


Wyndham Hotels CEO calls for more flexibility in PPP loans to give relief to franchisees


Created: Sun, 24 May 2020 12:07:25 -0400

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Geoff Ballotti says his hotels and resorts are "cleaner than they've ever been" as the country begins reopening.

Read more: Wyndham Hotels CEO calls for more flexibility in PPP loans to give relief to franchisees


Boston Fed CEO says "it's likely to be double- digit unemployment through the end of this year"


Created: Sun, 24 May 2020 12:07:24 -0400

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Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.

Read more: Boston Fed CEO says "it's likely to be double- digit unemployment through the end of this year"


Travel industry inching back


Created: Sun, 24 May 2020 09:27:27 -0400

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The airline and hospitality sectors are adjusting their business practices in times of pandemic, but they say not to expect a return to the "old normal" any time soon

Read more: Travel industry inching back


The travel industry copes with coronavirus


Created: Sun, 24 May 2020 09:25:22 -0400

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The hospitality and aviation sectors, which are adjusting their business practices in times of pandemic, don't expect a return to the "old normal" any time soon. CBS News travel editor Peter Greenberg talks with Hilton CEO Chris Nassetta, and Oscar Munoz, executive chairman of United Airlines, about new procedures travelers may expect.

Read more: The travel industry copes with coronavirus


Hollywood's cliffhanger of a summer


Created: Sun, 24 May 2020 09:08:00 -0400

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Summer has been blockbuster season at theatres ever since moviegoers were first bitten by "Jaws"; now, with production halted and release schedules shuffled, Hollywood is trying to figure out how to come out of this unexpected intermission

Read more: Hollywood's cliffhanger of a summer


For Hollywood, the show must go on


Created: Sun, 24 May 2020 09:05:17 -0400

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For decades, summer has been movie blockbuster season. Now, with production halted, release schedules shuffled and hundreds of thousands of jobs lost, Hollywood is trying to figure out how it will recover from the coronavirus shutdown. Correspondent Lee Cowan talks with Tom Rothman, chairman of Sony Pictures Entertainment Motion Picture Group; SAG-AFTRA president Gabrielle Cateris; Ted Sarandos, content chief at Netflix; and film professor Emily Carman, about how the film industry may bounce back.

Read more: For Hollywood, the show must go on


Hertz files for bankruptcy protection


Created: Sat, 23 May 2020 18:54:00 -0400

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By the end of March, Hertz Global Holdings Inc. had racked up $18.7 billion in debt with only $1 billion of available cash.

Read more: Hertz files for bankruptcy protection


NBA in "exploratory" talks to resume season at Disney


Created: Sat, 23 May 2020 14:11:00 -0400

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The season was abruptly halted in March.

Read more: NBA in "exploratory" talks to resume season at Disney


Why minority business owners are struggling with PPP loans


Created: Sat, 23 May 2020 06:04:41 -0400

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Vista Equity Partners CEO Robert Smith joined "CBS This Morning" to talk about why minority-owned businesses have been struggling with the government's PPP loan program.

Read more: Why minority business owners are struggling with PPP loans


A decade into economic recovery, many Americans still lack food


Created: Fri, 22 May 2020 20:25:25 -0400

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In every county in the U.S., some aren't always sure where their next meal will come from.

Read more: A decade into economic recovery, many Americans still lack food


Employee or contractor: What's the difference?


Created: Fri, 22 May 2020 20:23:43 -0400

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Companies in the "gig" economy maintain that their workers aren't employees.

Read more: Employee or contractor: What's the difference?


Seniors owe billions in student loan debt


Created: Fri, 22 May 2020 20:09:15 -0400

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America's college loan crisis comes to $1.5 trillion worth of debt. But it's not just a problem for millennials. More than 3 million people over 60 are still paying off college loans. Mark Strassmann reports.

Read more: Seniors owe billions in student loan debt


What $2 trillion in infrastructure looks like


Created: Fri, 22 May 2020 19:58:50 -0400

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President Trump and Congress try again to spend big to upgrade America's roads, bridges, dams, water systems, utilities and broadband.

Read more: What $2 trillion in infrastructure looks like


FTC could impose restraints on Facebook, may appoint oversight officials


Created: Fri, 22 May 2020 19:58:31 -0400

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The Federal Trade Commission is considering appointing a privacy overseer for Facebook that would ascertain its compliance with data-privacy policies, according to a Politico report.

Read more: FTC could impose restraints on Facebook, may appoint oversight officials


Meat-alternative purveyor Beyond Meat sizzles in market debut


Created: Fri, 22 May 2020 19:56:08 -0400

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The food startup markets its plant-based products to meat lovers, not vegans — and Wall Street is eating that up.

Read more: Meat-alternative purveyor Beyond Meat sizzles in market debut


Jeff Bezos will get even richer with Uber IPO


Created: Fri, 22 May 2020 19:49:56 -0400

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Amazon founder Jeff Bezos, an early investor in Uber, stands to make $400 million when the company has its initial public offering.

Read more: Jeff Bezos will get even richer with Uber IPO


How can families tackle student loan debt?


Created: Fri, 22 May 2020 19:49:37 -0400

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As high school seniors and their families prepare to choose which college to attend, student loan debt looms large. Nationwide, debt tops $1.5 trillion. CBS News business analyst Jill Schlesinger explains what borrowers can do.

Read more: How can families tackle student loan debt?


Public service loan forgiveness rejects 99% of applicants


Created: Fri, 22 May 2020 19:44:35 -0400

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A federal program designed to offer debt forgiveness to public servants has a rejection rate of 99 percent. Mark Strassmann spoke with one woman who applied and was rejected. Now she's stuck with $80,000 in debt.

Read more: Public service loan forgiveness rejects 99% of applicants


Moderna CEO made millions on vaccine announcement


Created: Fri, 22 May 2020 19:39:00 -0400

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Four of the biotech's top executives netted a total of $30 million since positive results for a coronavirus vaccine were touted.

Read more: Moderna CEO made millions on vaccine announcement


U.S. employers added 263,000 jobs in April


Created: Fri, 22 May 2020 19:30:48 -0400

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The latest jobs report shows employers added 263,000 jobs in April. The unemployment rate fell to the lowest rate in half a century. Mola Lenghi reports.

Read more: U.S. employers added 263,000 jobs in April

 
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