Unemployment insurance is flawed. Coronavirus relief plan won’t fix it

Unemployment insurance is flawed. Coronavirus relief plan won’t fix it

The economic fallout from the coronavirus is driving more Americans to seek unemployment benefits. However, the nation’s main financial backstop for laid-off workers is deficient — which could leave many Americans, especially gig workers, in a precarious situation, according to some experts. The $100 billion aid package President Trump signed into law on Wednesday, which contains unemployment … Read more

Careful not to stifle innovation, Newsom hesitates on major tech bills

Careful not to stifle innovation, Newsom hesitates on major tech bills

SAN FRANCISCO —  Backstage at one of the largest artificial intelligence conferences in the world, Gov. Gavin Newsom listened to two leaders in the field debate opposite views of a high-profile bill on his desk to protect Californians from the technology. “Honestly, I take advantage of opportunities like this,” Newsom said recounting the exchange later during … Read more

Italy’s carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

Italy’s carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

MILAN — Italy’s Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition. Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no more than 300,000 vehicles by … Read more