In this issue

A much-hyped network upgrade called “5G” means different things to different people. To industry proponents, it’s the next huge innovation in wireless internet. To the U.S. government, it’s the backbone technology of a future that America will wrestle with China to control. To many average people, it’s simply a mystery.

US LAYOFFS REMAIN ELEVATED AS 898,000 SEEK JOBLESS AID

The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago.

4 mins

UNITED LOSES $1.8 BILLION, AIMS TO SHIFT FOCUS TO RECOVERY

United Airlines financial hole grew deeper over the summer as a modest recovery in air travel slowed down, pushing the carrier to a loss of $1.84 billion in the typically strong third quarter.

2 mins

BANK PROFITS REMAIN RESILIENT DESPITE LINGERING PANDEMIC

Unemployment remains high, many small businesses are struggling, and there are few signs that Congress and the White House can soon agree on another stimulus package to help the U.S. economy in the pandemic. But Wall Street banks are on the rebound after slumping the first six months of the year.

3 mins

EXTRA SAFETY SCRUTINY PLANNED AS VIRUS VACCINE WORRIES GROW

Facing public skepticism about rushed COVID-19 vaccines, U.S. health officials are planning extra scrutiny of the first people vaccinated when shots become available — an added safety layer experts call vital.

4 mins

CHINESE RETAILER MINISO TO RAISE ABOUT $562 MILLION IN IPO

Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York.

2 mins

A TASTE FOR TRAVEL? FINNAIR TO SELL PLANE FOOD IN SHOPS

Finnish carrier Finnair will start selling business class airplane food in supermarkets in a move to keep its catering staff employed and to offer a taste of the airline experience to those missing flying in the COVID-19 times.

1 min

DC CHARTERS OFFER INNOVATIONS IN PANDEMIC-ERA EDUCATION

Returning to school in the nation’s capital during the pandemic has proven to be an ongoing experiment in learning — and not just for students.

5 mins

AIRLINE INDUSTRY OFFICIAL DEFENDS RESPONSE TO PANDEMIC

The airline industry has been shaken to its core by the pandemic, pushing some foreign carriers into bankruptcy and driving a few small U.S. ones out of business.

4 mins

WALMART TO SPREAD OUT DEALS TO AVOID BLACK FRIDAY CROWDS

Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.

2 mins

NASA MOON-LANDING TECH HITCHES RIDE TO SPACE ON BEZOS ROCKET

Jeff Bezos’ Blue Origin space company launched a New Shepard rocket for a seventh time from a remote corner of Texas on Tuesday, testing new lunar-landing technology for NASA that could help put astronauts back on the moon.

2 mins

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