Stocks reverse course as investors take profits

U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.

IRS to issue coronavirus stimulus payments on prepaid debit card

The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.

New Jersey businesses reopen for curbside pickup Monday

Murphy said the state’s coronavirus trends are headed in the right direction, but the state isn’t in the clear yet. 

Survey: 40% of Americans fear they won't be able to retire

The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.

JCPenney files for bankruptcy as coronavirus pushes retailer over edge

Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.

JCPenny will furlough a majority of its hourly and corporate employees amid COVID-19 pandemic

J.C. Penny Company, Inc. announced it will temporarily furlough the majority of its hourly and corporate employees as the company extends closures of its stores and business offices during the COVID-19 pandemic.

Unemployed due to coronavirus? How to get a personal loan with no job

As millions are becoming unemployed due to Coronavirus, many are looking into personal loans to stay afloat. Here’s what you need to know before applying.

Facebook buys Giphy, popular tool for creating animated GIFs

The companies did not disclose financial terms. Citing unnamed people familiar with the matter, Axios said the deal is valued around $400 million.

Carnival announces layoffs, furloughs as coronavirus keeps cruises on pause

Carnival Cruise Corp. announced a combination of layoffs, furloughs, reduced work weeks and salary reductions across the company, including senior management, as the world's largest cruise company deals with the fallout from the coronavirus pandemic.

Census survey: Most small businesses negatively impacted by COVID-19 pandemic

The new Small Business Pulse Survey from the U.S. Census Bureau highlighted the impact COVID-19 is having on small U.S. stores, retailers and businesses.

Stocks jump on banking M&A talk, coronavirus vaccine progress

U.S. equity markets curbed losses and finished at session highs as financials led on renewed M&A speculation and comments from President Trump signaled the U.S. could have a coronavirus vaccine by year-end.