Expanded unemployment benefits could bump people from welfare, other assistance
Enhanced unemployment benefits could push jobless Americans off safety net programs like Medicaid, food stamps and welfare, or reduce their financial aid.
House bill gives small businesses more time to use PPP loans and lets them spend less on payroll
Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun...
Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi
Women losing jobs at a higher rater than men isn’t just an inequality problem — it’s an economic one too.
U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending
The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits. The personal savings rate hit a historic 33% in April, the U.S. Bureau of Economic Analysis said Friday. This rate — how much...
Here’s what happened to the market on Thursday
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Spencer Platt | Getty Images Dow Jones Industrial Average falls 147 points The Dow fell 147.63 points, or 0.58%, to close at...
Tech stocks should thrive despite rotation into value, market bull John Stoltzfus says
A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The...
Mortgage demand from homebuyers shows unexpectedly strong and quick recovery, as applications spike 9% from a year ago
It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications to purchase a home rose 9% last week from the...
Coronavirus crisis mobile banking surge is a shift that’s likely to stick
Stephan Drescher | E+ | Getty Images Digital banking isn’t new, but with the coronavirus pandemic, young and old Americans suddenly flocked to online and mobile banking en masse. The sudden uptick in online and mobile traffic even created outages....
Stocks making the biggest moves after hours: Tractor Supply Company, Disney, Novavax and more
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the...
Consumer confidence rises unexpectedly in May as economy reopens
Mic’Kale Smith, who works as a security guard but has had to take time off to care for her son during the coronavirus disease (COVID-19) outbreak, wears a face mask as she shops with her son Da’Mier at the Tiger...
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