While much of the employment news coming out these days is brutal and depressing, Citi is bucking the trend, announcing it plans to offer full-time positions to the majority of its 1,500 people who will serve as summer interns this year. The bank, which has 750 interns in the U.S., says any intern in its […]
Fears that the Federal Reserve had run out of ammunition are proving entirely premature. The central bank astounded markets on Thursday when it announced an historic move to buy risky corporate debt as part of a larger $2.3 trillion rescue package for businesses and municipalities hit hardest by the coronavirus pandemic. Just two weeks ago, […]
Crowd-sourced review website Yelp announced this morning that it will lay off 1,000 workers and furlough an additional 1,100 employees. The staff cuts are currently expected to last four months, says a source familiar with the changes but unauthorized to comment. Yelp’s layoffs and furloughs constitute 35% of the company’s staff of 5,950, reported in […]
“The good physician treats the disease;” said William Osler, a pioneer of modern medicine, “the great physician treats the patient who has the disease.” That principle has guided physicians for more than a century. But in a health crisis that demands physical distancing and conserving protective equipment, we must now attempt what seems impossible: providing […]
Huawei, caught in the crossfire of a larger U.S.-China trade and technology battle, has given masks to a number of countries around the world.
The public has spoken, and the results range from frustration to relief.
Thousands of utility customers across Pennsylvania were without power early Wednesday after severe thunderstorms roared through the state, knocking down trees and utility lines and possibly spawning a tornado. The storms containing heavy rains, hail, lightning and strong winds hit …
LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus pandemic by banning all but essential movement outside the home. Tens of millions of employees across retail, entertainment, food services, …