Unemployment Soared In New York As Pandemic Shutdown Took Effect

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Unemployment Soared In New York As Pandemic Shutdown Took Effect

Unemployment in New York soared to 4.5 percent as the economy shed 42,900 private sector jobs in March, the state Department of Labor announced Thursday. The job losses were the largest drop in employment since April 2009 as the state and the rest of …
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Nvidia gets China's approval to buy Mellanox

(Reuters) – Chipmaker Nvidia Corp said on Thursday it has received approval from Chinese authorities for its $6.9 billion proposed acquisition of Mellanox Technologies Ltd. Mellanox shares rose nearly 2% in afternoon trading, while Nvidia jumped about 4%.
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Impossible Burger comes to Bay Area grocery stores Friday

The coronavirus has made people cook at home more than ever before — a fitting time for the Impossible Burger to debut at Bay Area grocery stores. Redwood City food tech company Impossible Foods will start rolling out its incredibly beef-like soy burgers to …
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China's post-coronavirus conundrum: Economy reopening, but consumers hold back

China, where the coronavirus pandemic started in December, is cautiously trying to get back to business, but it’s not easy when many millions of workers are wary of spending much or even going out. Factories and shops nationwide shut down starting in late …
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Airlines and labor allied for government aid push

Washington (CNN) Airlines and their labor unions are making a unified pitch to lawmakers and the administration during the coronavirus pandemic: We need financial help, and we need it now. The message, including pushback against criticism of stock …
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