Biden hits Trump on economic fallout amid COVID-19 pandemic in critical Pennsylvania county
Democratic presidential candidate Joe Biden is blistering President Donald Trump as only pretending to care about the working-class voters who helped flip the Rust Belt to the Republican column four years ago.
Layoffs continue as 840,000 seek unemployment aid
The government will provide its latest picture Thursday of the pace of layoffs in the United States, which have remained high since the viral pandemic erupted in March while federal aid for the jobless has lapsed.
Trump says he'd sign off on specific coronavirus relief measures after halting talks
President Trump on Tuesday said he would sign off on specific coronavirus relief measures aimed at helping the airlines and small businesses.
Fed chair warns lack of further COVID-19 stimulus imperils economic recovery
Federal Reserve Chair Jerome Powell warned that a recovery from the COVID-19 pandemic recession could falter unless the federal government supplies additional stimulus relief.
Trump halts COVID-19 stimulus talks until after election
President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.
Geneva votes to increase minimum wage to $25, believed to be highest in the world
Geneva voted for the minimum wage to be increased to $25, making it the highest minimum wage in the world, according to the Geneva Trade Union Action Community.
Hiring slows for 3rd month; US unemployment rate falls to 7.9%
America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.
Layoffs remain high as 837,000 seek unemployment aid
The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
2nd round of stimulus checks would be in relief bill: Mnuchin
The Treasury Secretary says a potential coronavirus relief package will include another round of checks for Americans.
Senate passes stopgap bill to fund US government through December
The last-minute approval came just hours before funding expired at midnight on Wednesday.
Disney to lay off 28,000 workers at its parks in California, Florida
Disney is laying off 28,000 U.S.-based employees across its Parks, Experiences and Products division due to continued struggles caused by the coronavirus pandemic, the company announced in a statement on Tuesday.
Climate change poses ‘major risk’ to US financial system, federal report warns
The report, commissioned by President Donald Trump’s CFTC, found that climate change is already impacting or is anticipated to impact nearly every facet of the economy.
Coronavirus relief bill: Democrats back to drawing board to redraft proposal
House Democrats say they are paring back their proposal in an attempt to jump-start negotiations with the Trump administration.
Unemployment claims at 870,000 as fraud and backlogs cloud data
The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.
Amazon Prime Day has a date
Amazon Prime Day pulled in over $7B in 2019
Bank shares tumble on reports of rampant money laundering
The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.
Dow plunges 900 points as election, coronavirus lockdown worries mount
U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.
Gas prices continue to dip in New Jersey, across the nation
Gas prices have continued to dip in New Jersey and across the nation, and analysts say they expect the decline to continue.
If you didn’t file tax returns, the IRS may still owe you a $1,200 COVID-19 stimulus check
On Friday, the IRS announced that it will mail letters to people who did not file a return for either 2018 or 2019, but still may qualify for an Economic Impact Payment.
Pennsylvania sees large drop in jobless rate in August
Pennsylvania’s unemployment rate took a steep drop in August, as the labor force shrank and payrolls shot up again in a continuing rebound from the pandemic.