Dueling Trump-Biden events offer contrasting virus responses

A presidential campaign that has largely been frozen for several months because of the coronavirus took on a degree of normalcy as President Donald Trump and his Democratic challenger, Joe Biden, swung through critical battleground states presenting starkly different visions for a post-pandemic America.

Another 1.48 million laid-off workers seek US jobless aid

The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.

US inmates got coronavirus relief checks, and IRS wants them back

The legislation authorizing the payments during the pandemic doesn’t specifically exclude jail or prison inmates, and the IRS has refused to say exactly what legal authority it has to retrieve the money.

New York has highest tax burden in U.S.

A new study finds that New Yorkers have the highest tax burden in the country.

Only 47% of Americans are losing sleep over money despite pandemic: Study

For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.

US new home sales rise surprisingly strong 16.6% in May

Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.

Trump hints at 'generous' second stimulus check

"We will be doing another stimulus package," President Trump said. "It'll be very good, it'll be very generous."

Persistently high layoffs suggest a slow US economic rebound

Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession.

Fed Chairman Jerome Powell warns that long downturn would mean severe damage

“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”

Tenants behind on rent in pandemic face harassment, eviction

The coronavirus pandemic has shut housing courts and prompted most states and federal authorities to initiate policies protecting renters from eviction. But not everyone is covered and a number of landlords -- some desperate to pay their mortgages themselves -- are turning to threats and harassment to force tenants out.

1.5 million more laid-off workers seek unemployment benefits

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

Criminals stealing unemployment benefits as claims surge

Criminals are seizing on a surge in job losses to steal unemployment benefits from Americans nationwide.

Despite global reopening push, some jobs are gone for good

Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back.

US unemployment drops unexpectedly to 13.3% amid outbreak

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.