A stunning 26.5 million Americans have sought unemployment benefits since mid-March, confirming that all the jobs gained during the longest employment boom in U.S. history have been wiped out as the novel coronavirus savages the economy.
The Trump administration announced last month that during the coronavirus pandemic it would stop garnishing the wages of struggling student loan borrowers. Some say that's still happening.
Crowdfund Insider | Michael Burtov | Apr 22, 2020 The Impact of Coronavirus on VC Funding It’s no secret that times of economic instability are the ones that create the greatest opportunity for innovation and innovators. When everyone is content, the incumbents tend to win – while when there is injury, the innovators happily fill
Jobless Americans who get the bulk of their income from contract work or self-employment, but also have a side gig, could end up getting smaller unemployment checks from their state than they thought.
A Tyson Foods Inc unit said on Thursday it will temporarily halt production at a beef facility in Pasco, Washington, adding to the meat processing plant the company has had to shutter as it tests workers for COVID-19.
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
An array of businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic.
New York Governor Andrew Cuomo said on Thursday a preliminary survey found that nearly 14% tested positive for antibodies against the novel coronavirus, suggesting that as many 2.7 million New Yorkers may have been infected with the disease.
Toyota Motor Corp said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March because of the coronavirus pandemic.
Small business customers have complained that banks, including JPMorgan, have been slow to process applications for the PPP.
"We have to win the trust of the staff and the guests as well," said Willie Degel, owner of Uncle Jack's Meat House in Duluth, Georgia.
The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
Facebook Inc has removed "pseudoscience" as an option for advertisers who want to target audiences, a category available until this week even as the world's largest social media network vowed to curb misinformation about the COVID-19 pandemic.
Millions of stimulus payments have been sent or are on their way to Americans. However, many people are still having problems finding out the status of their payments. One IRS web tool, in particular, has caused some confusion.
Wall Street was in positive territory on Tuesday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial.