The Treasury Department said it has loaned billions of dollars to seven airlines under a previously approved $25 billion relief fund — Alaska Airlines, American Airlines, Frontier Airlines, JetBlue Airways, Hawaiian Airlines, SkyWest Airlines and United Airlines.
More than 10,000 retail stores have been permanently shuttered through August, a record, and 29 retailers have filed for bankruptcy this year, a pace rivaling 2010 when there were a record 48 retail failures.
Home prices nationally rose 4.8% in July year over year.
Spice maker McCormick said it expects home cooking trends to continue as it reported a 26% jump in consumer sales in the second quarter.
A virtual commute feature is among new functions being added to the Microsoft Teams videoconferencing tool to assist users in marshaling their time.
A survey of international business executives finds that a majority believe the pandemic has permanently changed their business models, with 60% indicating they have accelerated their digital transformations.
The trade show industry is expected to take years to recover from the pandemic:
The U.K. COVID-19 infection rate hit a record high yesterday:
Canada’s seven-day average infection rate jumped 29% in the past week as daily infections approached peak levels in April, prompting a return to lockdowns and social distancing restrictions in some areas.
Canada’s GDP rose 3% in July and 1% in August, raising economic activity to within 5% of pre-pandemic levels.
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