Personal Finance

The coronavirus has already dealt a financial blow to millions of Americans dealing with layoffs, furloughs or reduced hours.

Those left without a job due to COVID-19 have turned to social media to ask for money to cover rent.

Many cities have temporarily banned evictions, but advocates for the strike are demanding that rent payments be waived.

The United States is moving its tax deadline from April 15 to July 15, according to a tweet by Treasury Secretary Steven Mnuchin.

Bank of America has announced it will also implement a series of actions aimed at creating financial ease for its customers.

The Dow Jones Industrial Average rose 189 points, reversing a drop of 721 points, or 3.6 percent, shortly after the open. The S&P 500 also posted modest gains.

With the coronavirus pandemic coming during tax season in the U.S., and social distancing becoming the new normal for Americans, many tax preparers are changing the way they do things.

U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening.

U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.

Officials across the country curtailed many elements of American life to fight the coronavirus outbreak on Sunday, with health officials recommending that groups of 50 or more don't get together and a government expert saying a 14-day national shutdown may be needed.