Some states will pay you up to $2,000 to return to work. Here’s what to know
Arizona Gov. Doug Ducey talks to reporters after meeting with then-President Donald Trump at the White House on April 3, 2019. Chip Somodevilla | Getty Images Return-to-work bonus The states are withdrawing two or more months before their scheduled end...
April existing home sales drop, marking three straight months of declines
Daniel Acker | Bloomberg | Getty Images Sales of existing homes dropped 2.7% in April from March to a seasonally adjusted annualized rate of 5.85 million units, according to the National Association of Realtors. It was the third straight month...
Bitcoin hovers above $40,000 after a wild week that saw the cryptocurrency plunge 30% at one point
A Bitcoin sign is seen at the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey. Chris McGrath | Getty Images Bitcoin’s price hovered above the $40,000 level on Friday, as a comeback for the world’s...
Biden calls for crackdown on wealthy who hide bulk of income from tax
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden is calling for a crackdown on rich taxpayers who avoid tax...
The Fed this summer will take another step in developing a digital currency
The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday it will release a research paper this summer that explores the move further. Though the central bank did not set any specific plans...
Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday. Economist surveyed by Dow Jones had been expecting 452,000 new claims as the...
Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could cause inflation to rise quicker in the U.S., a business consultant said Wednesday. Japan, South Korea, Taiwan and Vietnam are...
Homebuyers are applying for ever bigger mortgages as home prices soar
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images...
Stocks making the biggest moves after hours: Cisco, L Brands, Synopsys & more
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped...
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to...