US sent $1.4 billion in coronavirus relief payments to dead people
While the IRS has asked survivors to return the money, it's not clear they have to.
Another 1.48 million laid-off workers seek US jobless aid
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.
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.
Pandemic takes a bite, Chuck E Cheese files for bankruptcy
Chuck E. Cheese - where kids could be kids while parents nursed headaches - is filing for bankruptcy protection.
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.
IRS grants additional relief to retirement savers required to take plan distributions
Individuals can roll distributed funds back into a plan through August, according to IRS.
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.
How you can find out if you’re still owed money from the 2017 Equifax data breach
Millions of Americans’ financial information was compromised in an Equifax data breach in 2017.
Eskimo Pie to rename its 'derogatory' brand name
The owner of Eskimo Pie is changing its name and marketing of the nearly century-old chocolate-covered ice cream bar, the latest brand to reckon with racially charged logos and marketing.
These companies are changing their branding due to racial stereotypes
Aunt Jemima, Cream of Wheat and Uncle Ben’s are joining other prominent companies across the country to change or evolve their brands to eliminate racially stereotyped branding.
1.5 million more laid-off workers seek unemployment benefits
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
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.
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.
Study: COVID-19 impacts women in Texas financially more than men
The demographic of a typical Texas woman is a 36-year-old woman of color making $35,000 a year or less. In a webinar Tuesday, the Texas Women’s Foundation covered their new economic report about issues women in Texas are facing in 2020.
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.”
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.
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
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.
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.
Are we getting a second coronavirus stimulus check? What we know so far
An unexpectedly strong jobs report makes it appear unlikely that Americans will see a new coronavirus aid bill -- or a second IRS stimulus check.