JPMorgan: Some customers, employees misused PPP and other COVID-19 stimulus programs

JPMorgan: Some customers, employees misused PPP and other COVID-19 stimulus programs

JP Morgan Chase is saying that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.

JP Morgan Chase is saying that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.

'Not free money:' Federal payroll tax 'holiday' starting soon

'Not free money:' Federal payroll tax 'holiday' starting soon

Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.

Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.

Study: 52% of young adults forced to move back in with parents amid COVID-19

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.

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%

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.

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.

A new $300 federal unemployment benefit? Not likely for some

A new $300 federal unemployment benefit? Not likely for some

Due to a raft of restrictions and bureaucratic hurdles, more than 1 million unemployed Americans won't receive that $300 check.

Due to a raft of restrictions and bureaucratic hurdles, more than 1 million unemployed Americans won't receive that $300 check.

Budget deficit to hit record $3.3T, putting US debt on track to exceed GDP next year

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.

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

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.

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 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.

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

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.

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

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.

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

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.

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.