More than 1 million Americans applied for unemployment benefits
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
Eliminating payroll tax could deplete Social Security by 2023, chief actuary estimates
Trump has said he could eliminate the tax if he is reelected without undercutting the retirement program or greatly adding to the deficit.
Biden promises no new taxes for small businesses or Americans making less than $400K a year
Democratic presidential nominee Joe Biden said that if he wins the presidency in November's election, he will raise taxes on Americans who earn more than $400,000 a year.
US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
United States suspends extradition and tax agreements with Hong Kong
President Donald Trump already had determined that Hong Kong was no longer eligible for the continued preferential treatment that it enjoyed based on its autonomy following its reversion to Chinese rule in 1997. The three agreements cover the transfer of fugitives and convicted prisoners as well as reciprocal tax exemptions on income from international shipping.
JC Penney to close Plano’s Collin Creek Mall location
JC Penney is backing out of the redevelopment project at the former Collin Creek Mall site in Plano and will close its store there.
US retail sales rise for 3rd month amid COVID-19 pandemic but slowdown expected
The gains of the past three months have now restored retail purchases to their levels before they plunged in March and April when the pandemic shuttered businesses and paralyzed the economy.
Amazon building fulfillment center in Forney
Amazon is planning to open a new fulfillment center in Forney, east of Dallas.
North Texans receiving unemployment struggling to stay afloat as benefits dwindle
Hundreds of thousands of Texans who are depending on unemployment to stay afloat have seen those benefits dwindle.
Consumer prices in the US rose 0.6% in July, matching June uptick
The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the past year.
Nearly one-third of businesses have experienced more cyberattacks amid pandemic, according to research
Almost two thirds of businesses which contributed to the research said that their companies were more likely to experience a data breach due to COVID-19.
Will Americans get a second $1,200 stimulus check? What we know
The fate of a second stimulus check was thrown into uncertainty last week when White House officials and Democratic leaders missed a self-imposed deadline to cut a deal on another round of emergency coronavirus aid.
Research on reopening businesses ranks usefulness and risks
New research examines the decisions behind reopening Texas businesses and found serious concerns.
Amazon reportedly looking to transform shuttered JCPenney, Sears stores into fulfillment centers
Amazon, celebrating the boom in e-commerce, is in discussions with Simon Property Group, the largest U.S. mall owner by number of malls with 204 properties, the Journal reported, citing people familiar with the matter.
Trump orders $400-per-week unemployment payments amid COVID-19 crisis, hits Dems for stonewalling
President Trump signed four executive orders Saturday aimed at delivering relief to Americans struggling with the economic fallout of the coronavirus.
Still haven't received your first $1,200 stimulus check? What you need to do
While Congress is deadlocked on another coronavirus relief package that's widely expected to include a second stimulus check, millions of Americans are still awaiting the arrival of their first $1,200 cash payment.
Public safety enhancements highlight latest Dallas budget proposal
The Dallas City Council will soon take up the next budget with revenue losses from the pandemic and calls from activists to defund the police.
US adds 1.8 million jobs in July, a dip from previous months
The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.
1.2 million seek jobless aid after $600 federal check ends
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
Major online glitch causes $0 balance to appear in some Bank of America accounts
Some people were shocked to find $0 in their Bank of America accounts on Wednesday due to what the bank said was a glitch.