Retail Apocalypse: Victoria's Secret, Bath & Body Works To Close Hundreds Of StoresVictoria's Secret and Bath & Body Works are the latest retail chains to be impacted by the economic recession created by the spread of coronavirus.
Norwegian Cruise Lines, Royal Caribbean Extend Sailing Suspensions Until July 31Miami-based Royal Caribbean Cruises and Norwegian Cruise Lines are extending the suspension of all sailings through July 31.
Miami-Dade Approves Forgivable Loan Program For Small BusinessesSmall businesses with low income workers can soon apply for a forgivable loan up to $25,000.
'There's Only One Bill To Prioritize -- Everything Else Is Negotiable': CBS Analyst Explains How To Navigate Outstanding Balances On Limited FundsJill Schlesinger, certified financial planner and CBS News business analyst, looks at how to devise a game plan for paying bills when money is tight.
Publix Extends Store Hours, Drops Reserved Shopping Times For Seniors & First RespondersPublix is expanding its hours. Starting Saturday, May 16, stores will be open daily from 7:00 a.m. to 9:00 p.m.
Carnival Corp. To Layoff, Furlough & Reduce Salaries To Keep Company AfloatMiami-based Carnival Corp. has announced company-wide layoffs, furloughs and salary reductions in a cost-cutting move designed to “strengthen its liquidity position in the event of an extended pause in g guest operations due to COVID-19,” according to a company press release.
Why Horrific Unemployment Numbers Made The Stock Market RiseThe stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
New Jobless Claims Top 220,000 In FloridaFlorida had nearly 222,000 first-time unemployment claims filed last week, the first week of the state’s slow economic reopening under Gov. Ron DeSantis, according to numbers posted Thursday by the U.S. Department of Labor.
Why The Real Unemployment Rate Is Actually Even WorseThe U.S. job market just endured its worst month ever, but the official unemployment rate doesn't accurately reflect the staggering job losses.
‘Regulars Have Been Keeping Us Going’: Duffy’s Tavern Ready To Reopen To Serve Loyal CustomersWayne Russell, like hundreds of other restaurant owner and operators, is waiting to see what May 18th will bring as far opening up beyond just takeout orders amid the COVID-19 crisis.
Avianca Air Files For Bankruptcy, Miami Air To Cease Operations In Wake Of Coronavirus PandemicAvianca Air, one of the oldest airlines in the world, has declared bankruptcy just as Miami Air International, a charter airline that employs 350 people in the Miami area, will liquidate as early as Wednesday due to the impact of COVID-19.
Nordstrom Dadeland One Of 16 Stores Closing Its Doors For Good Due To Coronavirus PandemicNordstrom is permanently closing 16 of its 116 stores including the one in Dadeland, due to economic impact of the coronavirus outbreak.
What Companies Benefit From Coronavirus?Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Coral Springs Dry Cleaner Rehires Most Employees After Receiving PPP FundingWhen we visited Aldo’s Cleaners in Coral Springs three weeks ago the clothes hung quietly and the presses sat unmanned. When we returned on Wednesday, we saw a much different story.
Spirit Airlines Outlines Steps To Address ‘Unprecedented’ SituationSpirit Airlines expects to receive about $335 million in federal assistance and is taking other steps such as cutting spending as it grapples with a massive downturn in the airline industry because of the COVID-19 pandemic, the company said in a quarterly earnings report Wednesday.