US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
Jobless rate spikes to 14.7%, highest since Great Depression
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Millennials delay major milestones over coronavirus pandemic
Millennials are delaying getting married, having children and buying homes because of COVID-19.
Millennials are delaying getting married, having children and buying homes because of COVID-19.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Tyson doubling bonuses, increases healthcare benefits for frontline workers
The 'Thank You Bonuses' total $120 million for the company's 116,000 U.S. frontline workers and truckers, up from the $60 million announced in early April.
The 'Thank You Bonuses' total $120 million for the company's 116,000 U.S. frontline workers and truckers, up from the $60 million announced in early April.
Smallest businesses get a few hours at head of loan line
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Texas Workforce Commission works on guidelines for people heading back to work during COVID-19
What does Gov. Abbott's order to reopen certain Texas businesses this week mean for the people relying on the unemployment insurance to make ends meet?
What does Gov. Abbott's order to reopen certain Texas businesses this week mean for the people relying on the unemployment insurance to make ends meet?
Coronavirus pushes cities to cap third-party delivery fees
More U.S. cities are capping commission fees third party delivery services charge restaurants, many of which are mom-and-pop small business owners.
More U.S. cities are capping commission fees third party delivery services charge restaurants, many of which are mom-and-pop small business owners.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
IRS enhances 'Get My Payment' online application to help taxpayers
The "Get My Payment" tool can be accessed through IRS.gov
The "Get My Payment" tool can be accessed through IRS.gov
1 in 4 Americans have lost job because of coronavirus; most think they'll return to work
One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes
One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes
Task force created to work on reopening Central Texas economy
Travis County Judge Sarah Eckhardt, Austin Mayor Steve Adler, and Austin Chamber President and CEO Laura Huffman spoke about the task force and also discussed what the public needs to know and do before the economy is reopened.
Travis County Judge Sarah Eckhardt, Austin Mayor Steve Adler, and Austin Chamber President and CEO Laura Huffman spoke about the task force and also discussed what the public needs to know and do before the economy is reopened.
Dow rises as S&P, Nasdaq slip in volatile session
The Dow Jones Industrial Average rose 110 points, or 0.47 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite climbed 0.62 percent and 0.55 percent, respectively.
The Dow Jones Industrial Average rose 110 points, or 0.47 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite climbed 0.62 percent and 0.55 percent, respectively.
Mark Cuban discusses economic impact of COVID-19 in Fox Business virtual town hall
The entrepreneur and Dallas Mavericks owner is set to chat with “Making Money’s” Charles Payne on the economic impacts of the COVID-19 pandemic.
The entrepreneur and Dallas Mavericks owner is set to chat with “Making Money’s” Charles Payne on the economic impacts of the COVID-19 pandemic.
New home sales plunge 15.4% in March as virus hits
Sales of new single-family homes dropped to a seasonally adjusted annual rate of 627,000 last month, according to the U.S. Department of Commerce.
Sales of new single-family homes dropped to a seasonally adjusted annual rate of 627,000 last month, according to the U.S. Department of Commerce.
US unemployment claims surge by another 4.4 million
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
Dow climbs 456 points as oil stabilizes and small business funding nears
The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.
The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.
Social Security and Medicare funds at risk even before coronavirus pandemic
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.