GameStop stock price frenzy: What to know
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.
US economy shrank 3.5% in last year after growing 4% last quarter
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
Unemployment claims drop; still at 847,000 as pandemic rages on
The number of Americans applying for unemployment benefits fell to a historically high 847,000 last week, a sign that layoffs remain high as the coronavirus pandemic continues to rage.
The number of Americans applying for unemployment benefits fell to a historically high 847,000 last week, a sign that layoffs remain high as the coronavirus pandemic continues to rage.
Biden signs executive order for government to buy more US goods
President Joe Biden signed on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.
President Joe Biden signed on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.
Dems looking to introduce bill that would offer families at least $3k per child
The IRS would send $300 monthly checks for families with a child under 6 and $250 payments for children between 6 and 17.
The IRS would send $300 monthly checks for families with a child under 6 and $250 payments for children between 6 and 17.
Biden's Treasury secretary nominee Janet Yellen clears Senate committee
The Senate Finance Committee has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th Treasury secretary.
The Senate Finance Committee has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th Treasury secretary.
Biden signs executive orders on $15 minimum wage for federal workers, food aid increases
President Joe Biden plans to take executive action to provide a stopgap measure of financial relief to millions of Americans.
President Joe Biden plans to take executive action to provide a stopgap measure of financial relief to millions of Americans.
California spent $19 million to shield state Capitol from protests
Gov. Gavin Newsom mobilized 1,000 members of the National Guard to safeguard the Capitol and other vital infrastructure, at a cost of $3.4 million for staffing, fuel and travel, the state Department of Finance said Thursday.
Gov. Gavin Newsom mobilized 1,000 members of the National Guard to safeguard the Capitol and other vital infrastructure, at a cost of $3.4 million for staffing, fuel and travel, the state Department of Finance said Thursday.
Unemployment claims fall to a still-high 900,000
Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.
Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.
Wall Street stocks rally to records on Inauguration Day 2021
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
IRS delays start of 2021 tax filing season to Feb. 12
The Internal Revenue Service will delay the start of tax filing season until Feb. 12, 2021, which pushes the date when the tax agency will begin accepting and processing 2020 tax year returns.
The Internal Revenue Service will delay the start of tax filing season until Feb. 12, 2021, which pushes the date when the tax agency will begin accepting and processing 2020 tax year returns.
Jobless claims jump to 965,000 as COVID-19 pandemic takes toll
The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.
The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.
Biden eyes child tax credit expansion among stimulus measures: Report
President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.
President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.
IRS and Treasury to stop sending stimulus checks this week
Legislation providing for the $600 payments, which was approved by lawmakers at the end of last month, stipulated that the departments needed to issue all payments by Friday.
Legislation providing for the $600 payments, which was approved by lawmakers at the end of last month, stipulated that the departments needed to issue all payments by Friday.
Taxes on unemployment money coming due soon, surprising many
Many California jobseekers are confused about withholding taxes on their unemployment checks, and many more report that they simply can’t afford to put aside any money when they don’t have enough to begin with.
Many California jobseekers are confused about withholding taxes on their unemployment checks, and many more report that they simply can’t afford to put aside any money when they don’t have enough to begin with.
Schumer pledges quick delivery of $2,000 stimulus checks: 'We will get that done'
Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.
Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.
Unemployment continues to hurt low-income workers amid pandemic
Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.
Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.
'Absolutely not. No': Democrat Sen. Joe Manchin balks at $2,000 stimulus checks
Sen. Joe Manchin (D-W.V.) told The Washington Post he would “absolutely not” support a bill to issue $2,000 stimulus checks.
Sen. Joe Manchin (D-W.V.) told The Washington Post he would “absolutely not” support a bill to issue $2,000 stimulus checks.
US lost 140,000 jobs in December; first monthly loss since spring
U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.
U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.
US trade deficit widens to $68.1 billion in November
The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion.
The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion.