US GDP fell at 5.0% rate in Q1; worse is likely on the way
It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis.
It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis.
Only 47% of Americans are losing sleep over money despite pandemic: Study
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
US new home sales rise surprisingly strong 16.6% in May
Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.
Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.
'Austin, Let's Be a City of Us' campaign urging Austinites to wear face coverings
The campaign encourages Austinites to be united in the commitment to wear a face mask to protect all of Austin from another spike in COVID-19.
The campaign encourages Austinites to be united in the commitment to wear a face mask to protect all of Austin from another spike in COVID-19.
SBA unveils new, 'borrower-friendly' forgiveness application for PPP loan recipients
The new application released by the Small Business Administration on Wednesday is just five pages long.
The new application released by the Small Business Administration on Wednesday is just five pages long.
Study: Texas economy fifth most racially equal in the U.S.
The study determined equality by subtracting the values attributed to whites and blacks for a given metric, using on the most recent data from the U.S. Census Bureau, U.S. Equal Employment Opportunity Commission and U.S. Department of Housing and Urban Development.
The study determined equality by subtracting the values attributed to whites and blacks for a given metric, using on the most recent data from the U.S. Census Bureau, U.S. Equal Employment Opportunity Commission and U.S. Department of Housing and Urban Development.
Report: Next stimulus package could include $4,000 vacation credit, second check
The president brought up the “Explore America” Tax Credit during a White House roundtable last month.
The president brought up the “Explore America” Tax Credit during a White House roundtable last month.
Fed Chairman Jerome Powell warns that long downturn would mean severe damage
“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”
“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”
Extra $600 in unemployment benefits ends next month, what happens then?
Lawmakers are at odds over additional aid for the tens of millions of Americans who are still unemployed.
Lawmakers are at odds over additional aid for the tens of millions of Americans who are still unemployed.
Fear turns to greed on Wall Street as Fed details bond buys
The Dow Jones Industrial Average was down 629 points, or 2.5%, at 24,975, as of 9:48 a.m. Eastern time, and the Nasdaq composite was down 1.5%. The losses were widespread, with 98% of the stocks in the S&P 500 lower
The Dow Jones Industrial Average was down 629 points, or 2.5%, at 24,975, as of 9:48 a.m. Eastern time, and the Nasdaq composite was down 1.5%. The losses were widespread, with 98% of the stocks in the S&P 500 lower
1.5 million more laid-off workers seek unemployment benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
Nursing homes to face enforcement action for swiping coronavirus stimulus checks from seniors
The Trump administration on Tuesday warned nursing homes that they will face repercussions for unlawfully seizing economic impact payments from seniors.
The Trump administration on Tuesday warned nursing homes that they will face repercussions for unlawfully seizing economic impact payments from seniors.
'We need help': Small cities face fiscal calamity from coronavirus
“This is not a downtown Allentown problem,” Santo Napoli said. “This is a Main Street everywhere problem.”
“This is not a downtown Allentown problem,” Santo Napoli said. “This is a Main Street everywhere problem.”
US employers laid off 7.7 million workers in April
U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
Low-wage essential workers face higher risk of health and financial issues amid pandemic, study finds
Low-wage workers are less likely than high-wage workers to have access to things like masks, hand sanitizer and training on how to prevent the spread of COVID-19, according to recent research.
Low-wage workers are less likely than high-wage workers to have access to things like masks, hand sanitizer and training on how to prevent the spread of COVID-19, according to recent research.
Despite global reopening push, some jobs are gone for good
Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back.
Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back.
Citing jobs, Trump claims victory over virus, econ collapse
The unemployment rate dropped to a better-than-expected 13.3%, but that is still on par with what the nation witnessed during the Great Depression.
The unemployment rate dropped to a better-than-expected 13.3%, but that is still on par with what the nation witnessed during the Great Depression.
US unemployment drops unexpectedly to 13.3% amid outbreak
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
Ill-considered social media posts lead to lost jobs amid protests, COVID-19 crisis
Many people have found themselves without jobs after posting ill-advised messages amid the George Floyd protests and COVID-19 pandemic.
Many people have found themselves without jobs after posting ill-advised messages amid the George Floyd protests and COVID-19 pandemic.
1.9 million seek jobless aid even as reopenings slow layoffs
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.