BUSINESS
Trump's Unemployment Rate Almost the Same as Obama's At This Stage of Re-election Campaign
In September 2012 the unemployment rate under former President Barack Obama was 7.8 percent. At its worst point in Obama's first term in October 2009, unemployment hit 10 percent.
V-Shaped or K-Shaped Recovery? What Experts Are Saying About U.S. Economy
A V-shaped recovery is when key economic indicators bounce back comprehensively and quickly. A K-shaped economy is when different strata of society recover at different rates.
Only One Fortune 100 CEO Has Donated to Donald Trump's Campaign
Only Energy Transfer CEO Kelcy Warren has donated to the Trump campaign in the last two months, having given £10 million to a pro-Trump super-PAC on top of other generous donations at the end of August, according to data released on Sunday.
The Market Would Be Surprised if It's 'Not a Blue Sweep' in November, Says Morgan Stanley CIO
Morgan Stanley's Mike Wilson said the market has already factored in a big Democratic victory in the upcoming election.
Trump Jr. Says Americans 'Don't Understand' Taxes, Tells NYT to Investigate Hunter Biden
The president's son said average Americans "don't understand" how taxes work when you run a business, following a New York Times report on his father paying little or no federal income tax for years.
New Unemployment Claims Rise in Midwest States, 26 Million Americans Collecting Benefits
First-time unemployment claims increased the most last week in the states of Indiana, Kansas, Illinois and Michigan, with some economists saying the U.S. economy is "running on empty."
As Election Looms, Poll Finds Fewer Americans Think Economy in Poor Shape
The research found that since April, the proportion of people who describe the economy as "bad" has reduced by 11 percentage points.
Economists Say Joe Biden's Tax Plans Don't Add Up
A leading tax think tank totted up the numbers in March, and estimated that Biden would increase taxes overall by between $3 trillion and $5 trillion over the next decade if he were to get into power.
Judge Rules Pennsylvania's 'New Normal' Pandemic Restrictions Are Unconstitutional, Sides With Small Businesses
A federal judge on Monday ruled Pennsylvania Governor Tom Wolf's executive actions to close or restrict non–life sustaining businesses during the coronavirus pandemic are unconstitutional.
TikTok Chooses Oracle, a Rare Trump Ally in Silicon Valley, to Sell U.S. Assets
Oracle's winning bid is just part of the company's inner workings closely related with the White House to win contracts worth billions of dollars.
Rochester Restaurant Offered BLM Protesters Water, Regrouping Space Hours Before Being Vandalized
On social media the owners of Swan Dive invited the demonstrators in for refreshments, shortly before the eatery was vandalized and its patrons harassed.
Are Starbucks, Dunkin' Donuts Open on Labor Day? Check Coffee Shop Hours Here
Several coffee shops are open on Labor Day but may be operating on reduced hours.
How the Pandemic Will Change the Way We Manage Money Forever
An exclusive survey from Newsweek and LendingTree reveals how the twin crises of the pandemic and a struggling economy are changing the way we save, spend and even think about money—in ways that will last long after life has returned to a semblance of normalcy.
Five Money Moves to Make Right Now to Overcome Your Biggest Financial Worries
An exclusive survey from Newsweek and Lending Tree shows that eight in 10 Americans are worried about their financial security as a result of the pandemic. These smart money moves can allay those fears and put your finances back on the right track.
Officials Keep U.S.-China Trade Deal Alive Despite 'Tantrum Diplomacy'
This morning, reports emerged that U.S. and Chinese officials had reaffirmed their commitment to phase one of their joint trade deal in a call.
Inflation Is Set to Rise. Here's What That Means for Your Finances
Federal Reserve Chairman Jerome Powell has been tipped to outline the central bank's most active efforts yet in bringing inflation back to a healthy ballpark.
Trump Touts Markets as Vote of Confidence, But They Think He'll Lose 2020 Election
Despite bullish markets, many investors and strategists would not bet on a Trump victory come November.
Goldman Sachs Confirms Roughly 4 Million Employees to Remain Unemployed Into 2022
The transition rate from temporary to permanent layoffs nearly doubled from June to July.
Zenni Review: Who Says 'No' to a $7 Pair of Prescription Glasses?
The online direct-to-consumer eyewear giant offers great choice, style and prices, but do its frames work for everyone?
As Walmart Warns Over Stimulus Checks, Target Plays Down Effect on Consumer Spending
Walmart's gains tapered off with the stimulus payments, CEO Doug McMillon said, while Target CEO Brian Cornell played down the successful quarter.
General Motors, Microsoft Shrug Off Trump's Cash Offer to Quit China for U.S.
"I don't think anyone would claim to understand what is actually being proposed or say with any certainty that it will be enacted," Rupert Weston, a U.K.-based partner at law firm Burges Salmon LLP, told Newsweek.
Elon Musk's Wealth Is Heading for $100 Billion. But What Is He Really Worth?
Bloomberg estimates that, year-to-date, Musk's net worth has rocketed by $62.8 billion. On Monday alone, Tesla stock surged by 11 percent, bumping Musk's worth up by nearly $8 billion.