Wall Street stocks rally to records on Inauguration Day 2021
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
Jobless claims jump to 965,000 as COVID-19 pandemic takes toll
The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.
$2,000 checks: Biden to release stimulus package plan
On Monday, Biden maintained that getting money into the hands of Americans is a top priority when he takes office.
Biden eyes child tax credit expansion among stimulus measures: Report
President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.
Schumer pledges quick delivery of $2,000 stimulus checks: 'We will get that done'
Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.
Unemployment continues to hurt low-income workers amid pandemic
Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.
US lost 140,000 jobs in December; first monthly loss since spring
U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.
US trade deficit widens to $68.1 billion in November
The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion.
Jobless claims slip to still-high 787,000 in the US
The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.
US companies slash jobs for the first time since April, ADP report shows
The report showed that private employers shed 123,000 jobs last month, large companies announcing for the bulk of layoffs.
NJ minimum wage increases to $12 an hour
Most minimum wage workers will see an increase of a dollar from $11 to $12 an hour. Tipped workers are also getting a boost.
AMC aims to sell $125M in stock due to coronavirus pandemic, say SEC filings
Movie theater intends to sell millions more shares to survive pandemic
Lindsey Graham backs Trump over McConnell on $2,000 checks
Sen. McConnell and other Republicans scuttled efforts for a standalone vote.
McConnell again blocks quick vote on $2,000 stimulus checks, slams 'socialism for rich people'
Senate majority leader has tied $2,000 checks to Section 230 repeal and an election security commission
Unemployment benefit claims unexpectedly fall as coronavirus lockdowns widen
The number of Americans filing for first-time unemployment benefits fell last week amid a rise in COVID-19 infections and new restrictions aimed at slowing the spread of the disease.
$2,000 stimulus checks all but dead as McConnell cites 'no realistic path' in Senate to increase
President Donald Trump’s push for bigger $2,000 COVID-19 relief checks has stalled out in the Republican-led Senate.
McConnell blocks immediate Democratic push for $2,000 stimulus checks
Senate Majority Leader Mitch McConnell on Tuesday blocked Democrats' push to immediately bring President Donald Trump's demand for bigger $2,000 COVID-19 relief checks up for a vote.
President Trump signs COVID relief, spending bill averting shutdown. So what happens now?
Once the President saw the opportunity for the $2,000 with the House planning a bill, he agreed to sign the plan.
McConnell praises Trump for signing COVID-19, government funding bills
Senate Majority Leader Mitch McConnell praised President Trump late Sunday for signing a $900 billion pandemic package and a $1.4 trillion government funding bill to avert a government shutdown.
New coronavirus relief bill saves unemployment benefits for 500k Pennsylvanians
Unemployment benefits for an estimated 500,000 Pennsylvanians will be saved after President Donald Trump announced Sunday night he will sign the $900B relief package.