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.
City officials discuss Austin Economic Injury Bridge Loan Program
The program provides loans up to $35,000 for daily needs like rent, payroll, and debt. The news conference is scheduled for noon and FOX 7 Austin will air online and on our Facebook page.
The program provides loans up to $35,000 for daily needs like rent, payroll, and debt. The news conference is scheduled for noon and FOX 7 Austin will air online and on our Facebook page.
People missing out on stimulus checks because spouses are immigrants
Roughly 1.2 million U.S. citizens did not receive stimulus checks because they are married to immigrants who don’t have social security numbers and joint-filed their taxes.
Roughly 1.2 million U.S. citizens did not receive stimulus checks because they are married to immigrants who don’t have social security numbers and joint-filed their taxes.
Dow tumbles 631 points as oil selloff deepens
The Dow Jones Industrial Average tumbled 515 points, or 2.18 percent, in the opening minutes of trading. The S&P 500 and Nasdaq Composite dropped 1.76 percent and 1.2 percent, respectively.
The Dow Jones Industrial Average tumbled 515 points, or 2.18 percent, in the opening minutes of trading. The S&P 500 and Nasdaq Composite dropped 1.76 percent and 1.2 percent, respectively.
AP: Publicly traded firms get $300M in small-business loans
The Paycheck Protection Program was supposed to help small businesses, which typically have less access to quick cash and credit.
The Paycheck Protection Program was supposed to help small businesses, which typically have less access to quick cash and credit.
Lord & Taylor explores bankruptcy during coronavirus pandemic as stores remain shut: Report
Neiman Marcus Group also plans to file for bankruptcy as soon as this week.
Neiman Marcus Group also plans to file for bankruptcy as soon as this week.
Congress’ $300B package for small businesses may only last days: report
Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely run out of money in just a few days.
Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely run out of money in just a few days.
How to spot a counterfeit stimulus check: Treasury, Secret Service warn against coronavirus relief fraud
The Secret Service and the Treasury Department are working together to help individuals protect themselves from counterfeit stimulus checks, as the Trump administration plans to mail millions of coronavirus relief checks to Americans later this month.
The Secret Service and the Treasury Department are working together to help individuals protect themselves from counterfeit stimulus checks, as the Trump administration plans to mail millions of coronavirus relief checks to Americans later this month.
Ilhan Omar introduces bill to cancel rent, mortgage payments during coronavirus pandemic
Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.
Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.
Stocks slide as oil crashes below zero
U.S. equity markets slid Monday as oil crashed below zero and headed toward its lowest close since recordkeeping began in March 1983.
U.S. equity markets slid Monday as oil crashed below zero and headed toward its lowest close since recordkeeping began in March 1983.
Evolving aid package offers $450 billion for small businesses, hospitals
Senate Minority Leader Chuck Schumer, D-N.Y., said he believed a deal could be reached late Sunday or early Monday.
Senate Minority Leader Chuck Schumer, D-N.Y., said he believed a deal could be reached late Sunday or early Monday.
Neiman Marcus to file for bankruptcy as soon as this week: sources
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
Dow spikes 700 points as stocks notch second straight week of gains
The Dow Jones Industrial Average soared by as many as 612 points, or 2.6 percent while the S&P 500 and Nasadaq Composite climbed by 2.2 percent and 1.5 percent, respectively.
The Dow Jones Industrial Average soared by as many as 612 points, or 2.6 percent while the S&P 500 and Nasadaq Composite climbed by 2.2 percent and 1.5 percent, respectively.
Still no stimulus check in your bank account? Here's why it may be delayed
Social Security and Supplemental Security Income recipients are expected to receive the payments automatically soon, IRS said
Social Security and Supplemental Security Income recipients are expected to receive the payments automatically soon, IRS said
IRS depositing some coronavirus stimulus checks into wrong bank accounts
If you think your check was sent to the wrong account, call your bank and verify it, the IRS says
If you think your check was sent to the wrong account, call your bank and verify it, the IRS says
IRS glitch sends taxpayers’ stimulus checks to tax prep companies instead
If you use a tax prep service and can't quite track your stimulus payment, your direct deposit information may be the reason for the delay.
If you use a tax prep service and can't quite track your stimulus payment, your direct deposit information may be the reason for the delay.
Stocks rise as Trump prepares reopening of America details
Stocks erased losses as investors focus on economic restart.
Stocks erased losses as investors focus on economic restart.
Layoffs and pay cuts are now striking more white collar jobs
The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most.
The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most.