Business News

DSW is giving away $10,000 and free shoes for a year to deserving teachers

RiverNorthPhotography/iStockBy JACQUELINE LAUREAN YATES, ABC News(NEW YORK) — Just in time for back to school, DSW is honoring teachers in a beautiful way.The retailer announced it will be giving free shoes for a year and $10,000 to deserving teachers who have stepped up during the coronavirus pandemic.The latest campaign aims to serve as a “thank…read more »

Lord & Taylor files for Chapter 11 bankruptcy

raw206/iStockBy ABC News (NEW YORK) — Lord & Taylor has become the latest retailer to file for bankruptcy as the coronavirus pandemic has wreaked havoc on retail chains and sales around the country.The company filed for bankruptcy protection in the Eastern Court of Virginia on Sunday.”Today, we announced or search for a new owner who…read more »

Student activism leads to divestments from fossil fuels

DenisTangneyJr/iStockBY: LEIGHTON SCHNEIDER, ABC NEWS (NEW YORK) — It’s not often Harvard and Yale students come to an agreement, but during the annual football game last November students and alumni came together to urge their respective universities to divest from fossil fuels. A group of about 250 protested on the field at the Yale Bowl,…read more »

30 million Americans set to lose $600 weekly benefit

courtneyk/iStockBy TRISH TURNER, ABC News(WASHINGTON) — Unemployment benefits expire as Congress is deadlocked on new potential stimulus plan.As federal pandemic unemployment benefits officially expire on Friday, Congress and the Trump administration are no closer to a deal that would salvage any portion of a $600-per-week check that, as of last weekend, would affect some 30…read more »

Starbucks accelerates new pick-up hybrid stores, plans more changes for fall

JohnFScott/iStockBy KELLY MCCARTHY, ABC News(NEW YORK) — Starbucks has been dynamic in its changes amid the ongoing coronavirus pandemic and is set to roll out a new blend of hybrid storefronts.As more locations cater to curbside takeaway, drive-thru and mobile-only orders with coffee shop dinning spaces sealed off, the company announced on its earnings call…read more »

US GDP contracted by a record 32.9% pace last quarter

Stadtratte/iStockBy CATHERINE THORBECKE, ABC News(WASHINGTON) — The U.S. economy, as measured by real GDP, contracted at a record-shattering 32.9% pace last quarter, according to government data released Thursday. The figure reflects how the coronavirus pandemic has clobbered the U.S. economy with unprecedented speed and furor as it shut down large swaths of businesses over the…read more »

Sisters given sweet surprise from local entrepreneurs to help jumpstart baking business

LauriPatterson/iStockBy ERIC NOLL and KELLY MCCARTHY, ABC News(DENVER) — As many people have found comfort with cooking amid the coronavirus pandemic, one pair of sisters have turned their passion for sweets into a fully baked business plan.The two young pastry enthusiats from Highlands Ranch, Colorado — 11-year-old Zyaire Hawkins and her 9-year-old sister Char’Les –…read more »