Economy

Despite warnings issued by the federal government, tens of thousands of individuals may have inadvertently thrown out their $1,200 stimulus payments.

A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.

Despite warnings issued by the federal government, tens of thousands of individuals may have inadvertently thrown out their $1,200 stimulus payments.

If you haven't received your tax refund from the IRS, the wait may be worth it.

Many Black-owned businesses are seeing a boost in sales due to the Black Lives Matter movement, including Nimbus Coffee, a Harry Potter-themed coffee shop in downtown Los Angeles that makes its muggle patrons feel the magic of Hogwarts. 

Over the past 12 months, consumer prices have increased a modest 0.8% while core inflation is up just 1.2%.

A new White House-backed ad campaign aims to encourage people who are unemployed or unhappy in their jobs or careers to “find something new.”

The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.

The average U.S. price of regular-grade gasoline increased by 2 cents over the past two weeks, to $2.24 per gallon.

U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.

Another 1.3 million workers sought unemployment last week, according to the Department of Labor.

Renters are nearing the end of their financial rope as the assistance and protections given to them during the pandemic run their course.

While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.

President Trump also said he wants payments larger than the $1,200 the government sent to most individuals earlier this year.

States, cities and counties in dire straits have begun laying off and furloughing their limited staff, and even more devastation looms, as states reopen and cases surge.

A national face mask mandate would slow the spread of COVID-19 and potentially prevent the reinstatement of lockdowns that would wreak havoc on the U.S. economy, according to Goldman Sachs.

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.