Category: Business

U.S. government hacked in cyberspying operation The U.S. Commerce Department on Sunday confirmed a security “breach” at one of its bureaus, and said federal authorities are investigating. “We can confirm there has been a breach in one of our bureaus,” a Commerce spokesperson told CBS News. “We have asked CISA [Cybersecurity and Infrastructure Security Agency] […]

Lawmakers are running out of time to pass another coronavirus relief package before Congress adjourns for the holidays. A major point of contention is whether any package will include another round of stimulus checks, the direct cash payments that helped millions of households weather the economic crunch caused by the coronavirus pandemic. A $908 billion […]

Student loan borrowers worry about bills Student loan borrowers crushed by five- and six-figure balances could have their payments forgiven under a bill introduced by federal lawmakers this week that would expand the nation’s bankruptcy laws. If passed, the Consumer Bankruptcy Reform Act of 2020 would create a new Chapter 10 provision in the U.S. […]

A U.S.-based nonprofit is working to change the image of corporate America by building ladders of opportunity to help people of color gain equal access to white-collar jobs. According to a study published by think tank Coqual, Black Americans make up 10% of college graduates — but represent less than 1% of Fortune 500 CEOs […]

Airbnb proved its resilience in a year that has upended global travel. Now it needs to prove to investors that it sees more growth ahead. The San Francisco-based home sharing company makes its long-awaited debut on the public market Thursday. The company priced its shares at $68 apiece late Wednesday, giving it an overall value […]

The federal government and 46 state attorneys general are suing Facebook, accusing the social media giant of using illegal tactics to maintain its dominance. The states’ lawsuit, led by New York Attorney General Letitia James, alleges that Facebook squashed potential rivals by buying up smaller competitors and closing off its platform to developers of apps […]

The number of Americans seeking jobless aid is rising, a sign the nationwide surge in coronavirus cases is hurting the nation’s economy and leading to a spike in layoffs. Some 853,000 people applied for unemployment benefits in the week ending December 5, the Labor Department said Thursday. That number, which is adjusted for seasonal variation, […]