Another 1.3 million Americans sought unemployment aid last week
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
Missed the tax deadline? Take these steps now
Here are some steps you can take to keep your penalties to a minimum if you were unable to file by July 15.
Most PPP recipients expect to run out of money by August, study finds
A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.
Spiking cost of gasoline pushes June consumer prices up 0.6%
Over the past 12 months, consumer prices have increased a modest 0.8% while core inflation is up just 1.2%.
White House campaign to help jobless 'find something new'
A new White House-backed ad campaign aims to encourage people who are unemployed or unhappy in their jobs or careers to “find something new.”
US budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
Average gas price rises over last 2 weeks
The average U.S. price of regular-grade gasoline increased by 2 cents over the past two weeks, to $2.24 per gallon.
US wholesale prices fell 0.2% in June as food costs plunged
U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
Businesses across US request ‘exact change’ amid coin shortage caused by COVID-19
Following an announcement from The Federal Reserve last month that the coronavirus pandemic has created a shortage in coins in the U.S., businesses around the country have been urging their customers to use alternative forms of payment or bring exact change.
US economy may be stalling out as viral outbreak worsens
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
Coronavirus-impacted Bed, Bath & Beyond to close over 200 stores as quarterly sales tumble
Bed, Bath & Beyond will close more than 200 stores over the next two years as part of a restructuring effort due to the coronavirus pandemic.
Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt
Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, is filing for bankruptcy protection.
Small business aid went beyond hard-hit companies, data show
The government handed out $521 billion through the paycheck protection program, a crucial piece of the government's $2 trillion rescue package.
West Virginia governor's companies get millions in coronavirus loans
At least six Justice family entities received the Paycheck Protection Program loans, including four energy companies, the governor's lavish resort The Greenbrier, as well as The Greenbrier Sporting Club.
New Jersey drivers seeing lowest July 4 weekend gas prices in 4 years
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday ticked up a penny to $2.16.
What will the next coronavirus relief bill look like? Congress mulls stimulus checks and back-to-work bonus
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
US consumer spending up 8.2%, partly erasing record plunge
Friday’s Commerce Department report showed that Americans stepped up their spending in May despite a 4.2% decline in personal income, which had soared by 10.8% the previous month.
Coronavirus pandemic takes a bite, Chuck E Cheese files for bankruptcy
“The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our company’s history” said CEO David McKillips in a prepared statement.
Another 1.48 million laid-off workers seek US jobless aid
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.