Unemployment claims rise to 778,000 as COVID-19 pandemic worsens

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

RadioShack gets another shot, this time with e-commerce

RadioShack has been pulled from the brink of death, again. Entrepreneur investors Alex Mehr and Tai Lopez scooped up the brand this year and plan to make RadioShack competitive again — this time online.

Dow crests 30,000 points on vaccine hopes, Biden transition

The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

Biden taps ex-Federal Reserve Chair Janet Yellen to lead treasury, AP sources say

President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies.

Economists urge Congress to send out second round of $1,200 stimulus checks

A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.

UK signs trade deal with Canada to prepare for Brexit

The U.K. has signed an interim trade deal with Canada to give the government more time to negotiate future trading rules as it prepares the country for business life outside the European Union.

Unemployment claims increase to 742,000 as COVID-19 cases surge

The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.

Carnival Cruise Line suspending all US sailings through January

Carnival Cruise Line has officially suspended all US sailings through January 2021, while bumping its Carnival Legend departures from Tampa even further back to the end of March.

Student loan payments set to resume Jan. 1, 2021 — here’s what you need to know

For millions of student loan borrowers who have benefited from payment relief during the coronavirus pandemic, the payments will resume beginning Jan. 1, 2021.

Stock market comeback on pause amid coronavirus surge

The numbers underscore how the coronavirus pandemic is worsening and threatening to drag the economy lower, at least in the near term.

With ridership down due to COVID, SEPTA is hurting

Ridership on SEPTA is down, due to coronavirus and it's estimated they are losing $1 million a day.

Can't stop the shop, but Black Friday 2020 will look very different

Black Friday deals are back and better than ever.... Because this year you can skip the lines! What you should be buying online right now.

Big sales expected to last longer this holiday shopping season
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FOX'S Steve Noviello reports on how people are shopping... and how retailers are reacting with deep discounts. Kyle James of RatherBeShopping.com also shares his insights.