Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Stocks rally as more states reopen economies
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
Change.org petition urges Joe Biden to endorse $2K monthly stimulus income amid COVID-19
A Change.org petition aimed at getting 2020 presidential candidate and former Vice President Joe Biden to publicly endorse a “universal basic income” of $2,000 per month for every U.S. resident.
A Change.org petition aimed at getting 2020 presidential candidate and former Vice President Joe Biden to publicly endorse a “universal basic income” of $2,000 per month for every U.S. resident.
Coronavirus causes mortgage concerns, but many Americans did not need to pause payments
More than 4 million Americans have entered into forbearance agreements.
More than 4 million Americans have entered into forbearance agreements.
Where’s my stimulus check? IRS adds phone operators to answer relief payment questions
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
‘Not just a horror story’: FTC says some nursing homes are taking residents' stimulus checks
The Federal Trade Commission learned some nursing homes have been trying to take stimulus checks from residents who use Medicaid.
The Federal Trade Commission learned some nursing homes have been trying to take stimulus checks from residents who use Medicaid.
Stocks reverse course as investors take profits
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.
IRS to issue coronavirus stimulus payments on prepaid debit card
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
Survey: 40% of Americans fear they won't be able to retire
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
Coronavirus pandemic puts Social Security at risk of insolvency by 2030
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Target extends $2-an-hour pay increase for workers through July 4
The pay bump will last into the summer, two months longer than originally announced.
The pay bump will last into the summer, two months longer than originally announced.
Coronavirus pandemic forces retirement savings to take backseat, study shows
A new study shows Americans are concentrating less on their retirement savings as other priorities take precedence.
A new study shows Americans are concentrating less on their retirement savings as other priorities take precedence.
Office Depot closing stores, laying off 13,000 workers
Office Depot announced a restructuring plan that includes closing stores and laying off about 13,100 employees by 2023.
Office Depot announced a restructuring plan that includes closing stores and laying off about 13,100 employees by 2023.
JCPenney files for bankruptcy as coronavirus pushes retailer over edge
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
Industrial production plunges unprecedented 11.2% in April
Industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009. Factory capacity utilization also hit a record low 61.1%.
Industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009. Factory capacity utilization also hit a record low 61.1%.
US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
Will you get a second coronavirus stimulus check? Everything we know so far
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
FBI warns of scam targeting grandparents in New Jersey
Federal investigators in New Jersey are warning against a fraud scam that has swindled grandparents and the elderly out of close to $1 million.
Federal investigators in New Jersey are warning against a fraud scam that has swindled grandparents and the elderly out of close to $1 million.
3 million more US layoffs intensify fears of lasting damage
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
Stocks jump on banking M&A talk, coronavirus vaccine progress
U.S. equity markets curbed losses and finished at session highs as financials led on renewed M&A speculation and comments from President Trump signaled the U.S. could have a coronavirus vaccine by year-end.
U.S. equity markets curbed losses and finished at session highs as financials led on renewed M&A speculation and comments from President Trump signaled the U.S. could have a coronavirus vaccine by year-end.