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Moneywatch - CBSNews.com
Moneywatch - CBSNews.com
One reason for worker shortage: Many started new businesses
Through September, a record 1.4 million applications have been filed to start new businesses likely to hire workers.
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Southwest CEO says "I'm not going to fire anyone" over vaccine mandate
Of those who did submit their status, "a supermajority" are vaccinated, Kelly told CBS News.
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Former flight attendants strip off uniforms in protest
They remained barefoot, wearing only a slip, in silence for a few minutes during the choreographed protest in Rome.
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U.S. Treasury amends proposal to track nearly all bank accounts
The administration now proposes to ask banks to report account information only for accounts with $10,000 or more in transfers.
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Big tech CEOs testify before Congress
The leaders of Google, Amazon, Apple and Facebook testified before Congress and were confronted with charges of stifling competition and political bias. Nancy Cordes has the latest from Capitol Hill.
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Airlines warn of furloughs as pandemic impacts travel industry
United Airlines is expecting to furlough about 36,000 of its employees this fall. Other major carriers are also furloughing thousands of its employees as the coronavirus pandemic continues to devastate the airline industry. Kris Van Cleave reports.
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Supply chain bottleneck hurting U.S. businesses
Amid a nationwide shortage of truck drivers and warehouse workers, one business owner in Colorado says he is facing a 40% decline in sales this year. Carter Evans has the latest on the shipping delays.
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1.5 million more workers filed for unemployment as coronavirus cases rise
More states are seeing record numbers of new coronavirus cases this week. Meanwhile, the number of unemployment claims continues to rise in America, and many of those receiving unemployment checks are saying that it is not enough. Carter Evans reports.
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World is set to extract twice as much fossil fuel as climate allows
Existing plans for fossil fuel extraction promise "worsening climate disasters," UN report warns.
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Black-owned business struggle during coronavirus pandemic
Another 1.5 million people applied for unemployment insurance in the latest Labor Department report, adding to the millions who have already made claims. Mark Strassmann take a look at the numbers and those affected most.
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Another 2.1 million Americans filed for unemployment benefits
Another 2.1 million Americans filed for unemployment benefits in the past week. Many Americans are relying on those benefits, but some are still waiting for their first unemployment check. Mark Strassmann reports.
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2.4 million unemployment claims filed last week due to coronavirus
Millions of Americans continue to file for unemployment benefits and continue to struggle to pay their bills. Mark Strassmann reports.
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International fraud ring accused of stealing from U.S. unemployment funds
U.S. authorities are warning against an international crime ring stealing hundreds of millions of dollars in unemployment benefits intended for Americans who have lost their jobs during the pandemic. Jeff Pegues reports.
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Crowded flights leave passengers scared amid pandemic
The coronavirus pandemic has had a major impact on the way people fly. While many flights are at less than 50% capacity with passengers required to wear masks, the possibility of a mostly-full plane with the inability to social distance has many worried. Kris Van Cleave reports.
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Most states loosen restrictions as cases continue to rise
Most states in the U.S. have begun loosening restrictions even as cases of the coronavirus continue to rise. Beaches and restaurants are opening up in states like California and Arizona, but not all residents and business owners are on board. Jamie Yuccas reports.
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Americans struggle with rent as financial fallout deepens
Millions of unemployed Americans are relying on their unemployment checks to pay their rent and to feed their family, but many are concerned about their finances when the unemployment checks stop in July. Mark Strassmann reports.
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California's governor issues new guidelines to reopen parts of the state
California Governor Gavin Newsom has issued new guidelines to partially reopen the world's fifth largest economy, but tensions continue to rise as L.A. County will continue enforcing a stay-at-home order until July. Jamie Yuccas has the latest.
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How food banks are rising to meet an increasing need
Charities are struggling to find new ways to help record numbers of Americans who are out of work during the pandemic, adding to the millions who already experience food insecurity. CBS News business analyst Jill Schlesinger talks with food pantries in New York, Maine and California, whose work in their communities is being strained — by increased demand, costlier supplies, and a reduced workforce — and yet has never been more valuable.
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National food supply chain in jeopardy as more workers become infected
There is growing concern about the national food supply chain as more workers are becoming infected with the coronavirus. The Smithfield pork processing plant, which processes roughly one fifth of the nation's pork, closed after hundreds of workers tested positive. Dean Reynolds reports.
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Bitcoin tops $66,000 on mainstream hopes for crypto craze
Launch of the first exchange-traded fund linked to bitcoin draws new investors hoping to bet on the digital asset
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GM CEO says automaker is ramping up ventilator production
General Motors, with the help of Ventec Life Systems, has begun producing ventilators to help in the fight against coronavirus. Mary Barra, the CEO of GM, and Chris Kiple, CEO of Ventec Life Systems, discussed their ongoing efforts with "CBS Evening News" anchor and managing editor Norah O'Donnell.
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California business owner fights to keep employees on payroll
The CEO of a California health club is trying to keep employees on the payroll, even while the club is shutdown during the coronavirus pandemic. Mike Alpert has asked members to continue paying dues during the crisis, with the promise of repaying them when the club reopens. Jamie Yuccas reports.
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Food suppliers face shutdowns as workers are infected with coronavirus
Hundreds of workers at food processing plants in states including South Dakota, Iowa, Colorado, Georgia and Pennsylvania have been infected with coronavirus. Several plants have been forced to shut down, putting the nation's food supply at risk. Dean Reynolds reports.
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Food banks across U.S. struggle to keep up with demand
As nearly 17 million Americans filed for unemployment in the past few weeks, it is no surprise many are seeking aid at food banks. The escalating demand, however, is barely being met with many fearing a shortage soon. Danya Bacchus reports.
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Farmers devastated by coronavirus pandemic
President Trump said he wants to speed up help to the nation's farmers. Dairy farmers in Pennsylvania are pouring milk down the drain because of a lack of demand from closed restaurants and schools. Manuel Bojorquez reports.
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Floridians face hurdles in applying for unemployment benefits
The government will release on Thursday the weekly number of newly jobless Americans. With crashing websites, jammed phone lines and long lines -- it means the struggle many face grows more desperate with each passing day. Manny Bojorquez reports.
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6.6 million Americans filed for unemployment, setting new record
More than 6.6 million Americans have filed for unemployment benefits last week, double the number of claims from the week before. Experts are saying next week's numbers could be worse. Mark Strassmann reports.
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Grocery store workers playing vital role during coronavirus pandemic
Medical professionals around the country are now being recognized for their work on the front lines and rightfully so. But there's another group of workers that also deserve gratitude and recognition. Janet Shamlian has their story.
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Amazon employees make damning accusations against company's virus precautions
Amazon employees staged a strike against the online retail giant earlier in the week. One worker claims he was fired for staging a walkout in New York, a claim the company denies. Another at the management level said she was told to keep an employee's coronavirus diagnosis a secret, which the company also denied. Adriana Diaz speaks to some of these workers about their explosive accusations.
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Restaurants and bars lost a total of $25 billion so far due to coronavirus
With restaurants and bars across the country closed or limited to takeout service, the industry has lost an estimated $25 billion in sales in the first three weeks of March. Adriana Diaz reports.
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