Americans without bank accounts must wait for federal stimulus checks
A House Ways and Means Committee memo obtained by AP estimated about 5 million paper checks will be issued each week, meaning those most in need could wait many weeks for their payments.
A House Ways and Means Committee memo obtained by AP estimated about 5 million paper checks will be issued each week, meaning those most in need could wait many weeks for their payments.
Walmart pays hourly staff nearly $180M in bonuses with 'more to come'
Walmart paid almost $180 million in cash bonuses to its hourly associates nationwide on Thursday and has fulfilled its goal of hiring 200,000 more employees since March in response to demand prompted by the novel coronavirus, the company announced.
Walmart paid almost $180 million in cash bonuses to its hourly associates nationwide on Thursday and has fulfilled its goal of hiring 200,000 more employees since March in response to demand prompted by the novel coronavirus, the company announced.
Billionaires got $283B richer during coronavirus: Study
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
Andrew Yang calls for $2,000 a month for Americans during pandemic
“The first thing we need to do is put money in people’s hands so we can weather this crisis.”
“The first thing we need to do is put money in people’s hands so we can weather this crisis.”
Landlords, lenders brace for nationwide rent strike
It’s the first of the month and the rent is due. But, tenants in the nation’s biggest cities are striking because they simply can’t afford to pay the rent, as many have been left without jobs due to economic fallout from the coronavirus pandemic.
It’s the first of the month and the rent is due. But, tenants in the nation’s biggest cities are striking because they simply can’t afford to pay the rent, as many have been left without jobs due to economic fallout from the coronavirus pandemic.
Millennials delay major milestones over coronavirus pandemic
Millennials are delaying getting married, having children and buying homes because of COVID-19.
Millennials are delaying getting married, having children and buying homes because of COVID-19.
Stocks slump as coronavirus hits big tech, oil earnings
Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.
Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Interest rates steady during coronavirus pandemic: What it means for your wallet
Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.
Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Stocks wrap best month since 1987 as coronavirus recovery continues
The S&P and the Dow Jones Industrial Average wrapped the best month since 1987 despite sliding on Thursday as total job losses related to the coronavirus shutdown topped 30 million.
The S&P and the Dow Jones Industrial Average wrapped the best month since 1987 despite sliding on Thursday as total job losses related to the coronavirus shutdown topped 30 million.
Americans’ retirement accounts dropped during coronavirus — here’s how much the average account has now
Average IRA balance dropped 14% from last quarter.
Average IRA balance dropped 14% from last quarter.
Smallest businesses get a few hours at head of loan line
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Stocks surge on Gilead’s coronavirus drug and Fed’s pledge to keep rates near zero
The Dow Jones Industrial Average gained 449 points, or 1.86 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 2.04 percent and 2.03 percent, respectively.
The Dow Jones Industrial Average gained 449 points, or 1.86 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 2.04 percent and 2.03 percent, respectively.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
Stock rally takes breather ahead of Starbucks, Google earnings
The Dow Jones Industrial Average rose as many as 378 points, or 1.57 percent, while the S&P 500 and the Nasdaq Composite gained as much as 1.48 percent and 1.15 percent, respectively.
The Dow Jones Industrial Average rose as many as 378 points, or 1.57 percent, while the S&P 500 and the Nasdaq Composite gained as much as 1.48 percent and 1.15 percent, respectively.
Dow, S&P jump as states begin coronavirus reboot
Investors usher in the week on an optimistic note.
Investors usher in the week on an optimistic note.
Small business loan program plagued by outages, delays as second wave of aid begins
E-Tran, the Small Business Administration's electronic system used to help process applications for government-backed aid, has suffered glitches amid the first wave of applicants.
E-Tran, the Small Business Administration's electronic system used to help process applications for government-backed aid, has suffered glitches amid the first wave of applicants.
IRS enhances 'Get My Payment' online application to help taxpayers
The "Get My Payment" tool can be accessed through IRS.gov
The "Get My Payment" tool can be accessed through IRS.gov
Coronavirus pandemic: What you need to do to get your government stimulus check
The IRS and Treasury have provided more details on how to ensure you get paid. Here are the basics.
The IRS and Treasury have provided more details on how to ensure you get paid. Here are the basics.