Why a historic eviction wave is bearing down on U.S.
According to the Census Bureau, about a third of renters said in July that they had no confidence or slight confidence in their ability to pay for housing in August.
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Fannie-Freddie foreclosure suspension extended to year’s end
Fannie and Freddie, which backstop about $5 trillion of home loans, will also extend their moratorium on evictions from real-estate owned properties until at least Dec. 31, the Federal Housing Finance Agency said.
Retailer Stein Mart files for bankruptcy, might close all 281 stores
Stein Mart is a discount retailer that runs 281 stores in 30 states, including four in the Indianapolis area.
Cheapest apartments facing biggest foreclosure risk from pandemic
While landlords at the priciest, amenity-rich apartments have collected most of their rent payments during the pandemic, owners of older, less fancy units—the backbone of the nation’s affordable housing supply—have not fared as well.
Pandemic leads to boom in plastic surgery
For many high-end cosmetic surgeons, the rest of 2020 looks set to be a blockbuster period for nips and tucks.
NFL plans to use tech, lessons from baseball to forge ahead
The National Football League, a little over a month from the start of its 2020 season, has a plan to avoid the kind of coronavirus-driven game cancellations that have plagued the start of Major League Baseball.
California’s lockdown-related job losses portend trouble for rest of nation
Renewed job losses in California brought on by revived lockdown efforts might have a preliminary impact in the July U.S. jobs report due Friday—and an even bigger effect in August.
Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt
Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.
7-Eleven owner to buy Speedway gas stations for $21 billion
Tokyo-based Seven & i Holdings plans to acquire about 3,900 Speedway stores in 36 states. Indiana is one of Speedway’s largest markets.
Women’s apparel giant that includes Ann Taylor files for bankruptcy
The company says it intends to close all of its Catherines stores, a “significant number” of Justice stores and a select number of Ann Taylor, Loft, Lane Bryant and Lou & Grey stores.
Customers used to have nearly endless options. Then came COVID-19.
Offering less inventory—a practice that goes against years of steadily expanded assortments of sizes and styles—is in many cases a necessity, not a choice. Even before the pandemic, supply chains were shifting due to the tariff war between the U.S. and China. Now, the global pandemic adds another layer of complexity as new manufacturing centers such as Bangladesh and parts of Central America become virus hot spots as well.
Bank CEOs warn of tougher economic road after recent gains
The road to recovery for the U.S. economy will be uneven, unclear and uncertain as the coronavirus retains its hold on business and Americans’ everyday activities, according to the heads of the nation’s biggest banks.
Walmart to require all U.S. customers to wear masks
Walmart’s decision to mandate masks follows similar moves by Costco, Starbucks and Best Buy.
Walgreens reports $75 million of looting damage in third quarter
With about 9,300 locations in the United States, Walgreens is one of the largest retailers by store count.
Era of free news for Facebook, Google could soon be over
A regulator will this month publish draft rules forcing the two U.S. tech giants to share revenue generated from news with the original publishers. Should others follow, it would chip away at two of the most wildly successful business models of the 21st century.
Recipes: How cooking with Impossible’s Burger meat stands up to the real thing
Try using the plant-based “meat” product for Jalapeño Burgers and Chilaquiles With Red Beans and Charred Tomatillo Salsa. You can find Impossible meat at 4,700 stores nationwide, including Kroger stores.
Stocks extend weekly gains, buoyed by positive Remdesivir findings
Gilead Sciences Inc. advanced after reporting its Remdesivir treatment cut COVID-19 mortality risk by 62%.
Pandemic set to spark biggest retreat from eating meat in decades
The shift is happening in every major market, including in the United States, where it’s predicted that per-capita meat consumption won’t return to pre-pandemic levels until at least after 2025.
Months of trial, error in ICUs offer clues on how to save COVID-19 patients
Collective experience might be showing results. U.S. deaths, which often ranged between 2,000 and 3,000 a day in April and May, have mostly remained below 1,000 and in the low hundreds since the beginning of June.
Nasdaq hits record as U.S. stocks join global rally
The S&P 500 index posted its fifth straight increase, its longest winning streak since December, as Amazon.com Inc. shares rose past $3,000 for the first time.