American unemployment claims fall to 751,000; coronavirus resurges
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
US economy grew at 33% rate in 3rd quarter but recovery is incomplete
The U.S. economy grew at a 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring.
UPS looking to hire nearly 3,000 seasonal employees during virtual hiring fair
'Brown Friday' will take place on Friday, Oct. 30. UPS plans to sign up at least 50,000 new employees across the country on that day and will be making job offers on the spot.
Pelosi 'remains optimistic' about COVID-19 relief package before Election Day
Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.
Houston company jumps into CBD production with state-of-the-art facility
The lab is the first of it's kind, in Texas, and one of fewer than a dozen-such facilities in the country.
Stocks plunge as COVID-19 cases surge in US
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.
Fear and anxiety spike in COVID-19 hot spots across US
About half of U.S. states have seen their highest daily coronavirus infection numbers so far at some point in October, and the country as a whole came very close to back-to-back record daily infection rates on Friday and Saturday.
Gap Inc. to shutter 350 stores by 2024 in plan to exit malls
Gap joins other clothing retailers in trying to reinvent themselves during the COVID-19 pandemic.
Unemployment claims fall to 787,000; layoffs still high
The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.
Quibi is shutting down, citing low subscriptions amid COVID-19 pandemic
A short six months after promising to revolutionize video viewing, short-form streaming service Quibi raised a white flag Wednesday and announced it was shutting down.
Houston City Council increases property tax bills despite lower rate
Mayor Sylvester Turner warned that the year-over-year net increase in the property tax bills paid by Houstonians is necessary to prevent service reductions and lay-offs.
Donut shop providing Houston ISD students with free access laptops, Wi-Fi
As some Houston ISD schools go back to virtual learning because of COVID-19 positive or presumed cases, a local business is stepping up to help students.
Coronavirus relief talks crawl ahead; McConnell is resistant
President Donald Trump’s most powerful Senate ally is pressing the White House not to move ahead on a coronavirus pandemic relief package.
Study: Older workers face greater unemployment amid COVID-19 pandemic
The study released Tuesday from researchers with the New School university in New York City found that workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.
Small businesses come up with unique solutions to improve cash flow during pandemic
Small business owners are coming up with creative ways to keep cash flowing during the pandemic.
China's economy accelerates as coronavirus recovery gains strength
China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.
Even with COVID-19 coverage safety net, recovered patients hit with hefty hospital bills
COVID-19 can do more than torment patients physically. It also clobbers some financially.
Layoffs remain elevated as 898,000 seek unemployment aid
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
Wells Fargo fires over 100 employees over improperly obtained COVID-19 aid money
According to an internal memo from the company, Wells Fargo employees allegedly “defrauded the U.S. Small Business Administration (SBA)” in order to obtain coronavirus relief funds.
New survey shows how Texans have been affected by the COVID-19 pandemic
Half of Texans have experienced financial hardship, through lost jobs or added expenses, hitting poor and uninsured households the worst.