COVID-19 and the Economy

Kip’s Toyland at the Original Farmers Market was supposed to have a celebration marking 75 years in business this October.  Instead, the oldest toy store in LA is struggling to survive. 

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones.

Tulsa Remote is an incentive program offering $10,000 to out-of-state remote workers who move to Oklahoma.

A customer left a $3,000 tip for a single beer as a restaurant voluntarily closed because of the COVID-19 pandemic.

As Los Angeles County sees an increase in COVID-19 cases health officials are taking action and modifying the current health order to suspend dining at restaurants, bars, breweries and wineries.

Guitar Center has filed for Chapter 11 bankruptcy, citing financial hardships due to the ongoing COVID-19 pandemic.

According to findings by The Century Foundation, a policy research institute, 12 million workers will be on one of two main CARES Act programs — Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) — when funding expires on Dec. 26.

The U.S. Justice Department filed the complaint in federal district court in Muskogee, Oklahoma.

The numbers underscore how the coronavirus pandemic is worsening and threatening to drag the economy lower, at least in the near term.

But Ryan Summers, the owner of Pizza Flora in San Jose, said he is not sure how going home earlier if he's operating all day, would make a difference.