Unemployment Unexpectedly Drops, But Full Recovery Not ImminentThe unemployment rate took a surprising drop, but while hope exists the road to recovery remains uncertain.
JCPenney Closing 154 Stores This Summer, None In South FloridaJCPenney is permanently closing 154 stores across 20 states this summer as part of its bankruptcy plan, but there are no South Florida locations being closed.
What Restaurants Will Survive Coronavirus?Restaurants that rely on in-house dining will continue to struggle, while delivery and takeout spots will likely thrive.
What Happens When You Don't Pay Rent?Missed rent and mortgage payments can have a domino effect that hurts communities and depresses the economy.
Is Reopening A Restaurant Worth It?Many restaurants are once again reopening for table service, but coronavirus has fundamentally changed the calculus of eating out.
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.