Trump unveils 'Platinum Plan' for Black Americans at campaign event in Atlanta
President Donald Trump visited Atlanta on Friday for a campaign event and unveiled his plan to increase access to capital for Black Americans, the "Platinum Plan."
Unemployment claims at 870,000 as fraud and backlogs cloud data
The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.
Amazon Prime Day has a date
Amazon Prime Day pulled in over $7B in 2019
Household wealth hits record even as U.S. economy struggles
American households' net worth jumped nearly 7% in the April-June quarter to $119 trillion.
Bank shares tumble on reports of rampant money laundering
The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.
Salvation Army starts 'Rescue Christmas' campaign
For the first time in 130 years, The Salvation Army is starting its annual holiday fundraising campaign early in order to "rescue Christmas".
These are the fastest-growing jobs for women in the US in 2020
These are the fastest-growing jobs for women in America this year
Dow plunges 900 points as election, coronavirus lockdown worries mount
U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.
If you didn’t file tax returns, the IRS may still owe you a $1,200 COVID-19 stimulus check
On Friday, the IRS announced that it will mail letters to people who did not file a return for either 2018 or 2019, but still may qualify for an Economic Impact Payment.
Hobby Lobby raises minimum wage to $17 an hour for full-time employees
The pay increase will take effect on Oct. 1, 2020.
Layoffs remain elevated as 884,000 Americans seek unemployment aid
The number of Americans applying for jobless aid was unchanged last week at 884,000.
Study: 52% of young adults forced to move back in with parents amid COVID-19
According to a study done by the Pew Research Center, 52% of young adults have been forced to move back in with their parents or with another person due to the economic and financial impacts of the COVID-19 pandemic.
Even as hiring slows, American unemployment rate falls to 8.4%
The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed in August as employers added the fewest jobs since the pandemic began.
Unemployment claims fall to 881,000 but layoffs remain elevated
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
Budget deficit to hit record $3.3T, putting US debt on track to exceed GDP next year
The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger.
Business owners tap into savings to withstand pandemic
Many business owners are tapping the money they socked into personal savings and retirement accounts to survive the coronavirus pandemic.
United plans to furlough 16,000 workers, fewer than expected
United Airlines said Wednesday it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early retirement, buyouts, or long-term leaves of absence with the industry facing a slow recovery from the pandemic.
Coronavirus pandemic brings hard times for farmers, worsening hunger
The coronavirus pandemic has brought hard times for many farmers and has imperiled food security for many millions both in the cities and the countryside.
In college towns, smaller businesses struggle without students
Small business owners in college towns across the U.S. are hoping for the best when students return — and bracing for the worst.
More than 1 million Americans applied for unemployment benefits
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.