virus

The US entered a recession in February as the coronavirus slammed the brakes on the nation’s longest economic expansion, the National Bureau of Economic Research said Monday. The declaration from the influential panel of experts makes official what workers and investors have known for months: The pandemic sparked a historic economic downturn that unfolded at …

Dunkin’, a unit of Dunkin’ Brands Group, said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with US states reopening after months-long lockdowns to contain the spread of the novel coronavirus Canton, Mass.-based Dunkin’, which has about 90 percent of its restaurants open, said new …

“In a way, everything is technology,” noted one of the world’s greatest economic historians, Fernand Braudel, in his monumental study Civilization and Capitalism. “Not only man’s most strenuous endeavors but also his patient and monotonous efforts to make a mark on the external world; not only the rapid changes . . . but also the slow improvements in …

US stocks climbed again Monday as Wall Street clutched onto optimism about the economy recovering from the coronavirus crisis. The Dow Jones industrial average soared as much as 314.90 points, or 1.1 percent, to 27,425.88 by midday, building on Friday’s 829-point rally fueled by a shockingly strong jobs report. The tech-heavy Nasdaq rose as much …

AstraZeneca has approached Gilead Sciences about a massive merger that would combine two companies leading the pharmaceutical industry’s battle against the coronavirus, a report says. The British drugmaker reached out to California-based Gilead last month about whether it would be interested in merging, Bloomberg News reported Sunday. But there are no formal talks and Gilead …

Last Thursday evening, restaurant mogul Zach Erdem drove up to a customer’s swanky mansion in the Hamptons, rang the doorbell, and left a delicious dinner spread on the front doorstep, COVID-style. Erdem — who owns Southampton hotspot 75 Main, a longtime hangout for celebs like Kim Kardashian West, Leo DiCaprio and Joe Biden — had …

Posts criticizing the response of authorities to the virus have been blocked or removed in many countries. Times of crisis always bring out the best and worst of human nature. The COVID-19 pandemic is no different. Communities around the world are rallying together to support vulnerable people, and healthcare workers are putting their health (and …

Coronavirus-stricken Broadway star Nick Cordero has undergone stem cell treatment to help improve his lung health, his wife Amanda Kloots revealed. “We have started stem cell treatment for Nick and that just finished. We decided on this a couple of days ago,” Kloots said in her latest Instagram update on Cordero’s health. Cordero, 41, has …

While Prince William himself has been keeping it quiet, the royal family confirmed Friday that the heir to the throne has been lending his time to a crisis text line as the world continues to cope with the effects of COVID-19. Alongside wife Kate Middleton, the prince marked Volunteers’ Week by speaking to volunteers across …

Infamous art dealer Mary Boone is a free woman, according to ArtNet’s gossip column, Wet Paint. It reports that Boone — who was sentenced in 2018 to 30 months in jail for tax evasion — has been released after serving just 13 months in prison in Danbury, Connecticut, because of the pandemic. Apparently Boone, a …