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.

Debt-to-income ratio affects student loan refinancing — here’s how

If you want to refinance your student loan debt, it’s a good idea to calculate and understand your debt-to-income ratio before you apply.

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.

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.

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.

Refinance student loans now and you'll likely save money — here's why

The Federal Reserve's emergency rate cut makes now an ideal time to refinance student loans, but refinancing isn't right for everyone.

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.

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.

Trump signs $484 billion measure to aid employers, hospitals

resident Donald Trump has signed a $484 billion bill that aids employers and hospitals under stress from the coronavirus pandemic.

LA City councilman proposes using federal stimulus funds to buy distressed properties for homeless housing

Landlords in Venice are calling Los Angeles City Councilman Mike Bonin “exploitative” and “predatory” after Bonin pitched a proposal to use federal stimulus money to buy up distressed properties that go “belly up” and turn them around into housing for the homeless.