BUSINESS
Without Unemployment Boost, Jobless Households Face August Bills Crisis
5.4 million unemployed Americans could run out of money to pay for things like rent, auto payments, credit cards, health insurance, food, and clothing by the end of this month.
Why Are U.S. Stock Markets Booming When Everything Is So Bleak?
Since the stock market crash in March, investor confidence has seemingly returned to the market, despite continued gloomy economic warnings elsewhere.
Walmart, Target Among Stores Selling These Newly-Recalled Hand Sanitizers
Just like so many other hand sanitizers recalled for containing methanol (wood alcohol), the freshest list of products also contain the toxic alcohol.
Labor Secretary: $600 Unemployment Benefits Paid People More Not to Work
Labor Secretary Eugene Scalia on Tuesday said the $600 per week in enhanced unemployment benefits shouldn't be extended past July 31, reiterating that it allowed a majority of jobless Americans to earn more not to work.
GOP Senator Drafting Bill to Block U.S. Companies From 'Giving in' to China
Louisiana Senator John Kennedy said Sunday he is drafting legislation to prohibit American companies from "giving in" to Chinese government rules on doing business.
As China Media Hails Superior Recovery, Americans Pessimistic About Economy
China posted unexpectedly good GDP growth for the second quarter of 2020, as the world's major economies struggle to recover from the coronavirus downturn.
China Celebrates Coronavirus Economy Recovery As U.S. Battles Recession
China posted better than expected 3.2 percent GDP growth in the second quarter of 2020, following a record contraction in the first portion of the year.
These 7 States Have Reopened Bars and Nightclubs as Coronavirus Cases Soar
Seven states have reopened bars and nightclubs to residents despite coronavirus cases continuing to rise throughout many parts of the country.
Jobless Claims Remain Over Twice as High as Worst Week of Great Recession
"We are reaching the levels of unemployment which are likely to persist until a more true reopening can occur," said Jamie Cox, managing partner for Harris Financial Group.
4 Smart Money Moves to Make As the Economy Starts to Recover
As business conditions slowly start to improve across the country, there are deals to be had for savvy consumers and savers—if you can afford to take advantage of them.
Nearly Half of U.S. Households' Income Declined Due to COVID-19
"What is most striking is the widespread impact on household income from the pandemic," Greg McBride of Bankrate told Newsweek.
Amazon Will Remove Washington Redskins Merchandise Within 48 Hours
The move follows Walmart and Nike removing Redskins merchandise as the NFL team continues getting pressured to change its nickname that many call offensive and racist.
Religious Organizations Receive $7.3B in PPP Loans, Megachurches Top List
Evangelical leaders tied to Trump and megachurches tied to scandals have received some of the Paycheck Protection Program's largest payouts.
3 Washington Redskins Co-Owners Want Out, But Daniel Snyder Remains All-In
Snyder owns the majority of the team, and the other three co-owners are "not happy being a partner." The Washington Redskins are worth about $3.4 billion.
What the PPP Extension Bill Trump Signed Means for Small Businesses
President Donald Trump on Saturday signed legislation that extends the application deadline for small businesses to join the Paycheck Protection Program (PPP).
Big Tech Employees Donate Overwhelmingly to 2020 Democrats
About 84 percent of Big Tech worker donations have gone to Democrats in 2020, a double-digit increase from the 2016 presidential elections.
Nike Pulls Redskins From Online Site After FedEx Demands a Name Change
One day after investors demanded action from big-time corporate sponsors to force Washington to change its Redskins name, two major sponsors took action.
Washington Redskins Urged to Lose Name, or Millions in Sponsorships
The top Redskins sponsors are Nike, FedEx and PepsiCo. Each received a letter signed by 87 different investors and shareholder—whose total net worth is $620 billion—urging them to pull their sponsorships.
Extra $600 Unemployment Benefits to End 1 Week Early, Labor Department Says
The Labor Department said a technicality may cause many Americans to have their $600 of weekly unemployment benefits cut off one week early at the end of July.
In Good Company: 50 U.S. Businesses That Stood Out During the Pandemic
U.S. companies have pitched in, in droves, to help citizens and frontline workers during the deadly spread of coronavirus. Here are 50—from Coca-Coca and Airbnb to Tory Burch and Spanx—that stepped up.
Trader Joe's Shopper Kicked Out for Refusing to Wear Mask, Blames Democrats
A Trader Joe's shopper in North Hollywood, California screamed at employees after they asked her to wear a mask while inside the grocery store.
Mark Zuckerberg Drops Out of Top 3 Richest People Amid Facebook Ad Boycott
The Facebook CEO dropped out as one of the three richest people in the world this week, as the social media platform's founder lost $7.2 billion from a concerted advertising pullout from the company.