The daily business briefing: January 22, 2021

Trump returns to businesses devastated by the pandemic, new jobless claims fall but remain high, and more

1. Trump business revenue plummeted due to pandemic

Former President Donald Trump's family business revenue dropped by nearly 40 percent last year as the coronavirus pandemic kept customers away from Trump Organization hotels and golf resorts, The Wall Street Journal reported Thursday, citing newly released data from the Office of Government Ethics. The decline was sharpest at some of Trump's most lucrative properties, and the situation could worsen as some business partners and clients cut ties with Trump over the deadly Jan. 6 assault on the U.S. Capitol by some of his supporters. Eric Trump, who took over the company when his father was in office, said the business was in good shape given the loyalty of his father's followers. "He's got probably the most famous brand in the world," Eric Trump said. "The opportunities for somebody like that are going to be endless."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.