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.

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.

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.

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.

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.