Distinct possibility: ‘Temporary’ layoffs may be permanent
Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.
Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.
Unemployment 'could be' nearing Great Depression levels: Mnuchin
More than a decade of job gains were erased in April; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.
More than a decade of job gains were erased in April; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.
Elon Musk threatens to exit California and move Tesla to Texas over coronavirus restrictions
Tesla CEO Elon Musk threatened Saturday to pull the company’s factory and headquarters out of California in an escalating spat with local officials who have stopped the company from reopening its electric vehicle factory.
Tesla CEO Elon Musk threatened Saturday to pull the company’s factory and headquarters out of California in an escalating spat with local officials who have stopped the company from reopening its electric vehicle factory.
Lost your job? Here's what you need to know
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
Homeowners use alternative option to accessing their home equity
As Wells Fargo and JPMorgan Chase have stopped offering home equity lines of credit due to market uncertainty, some homeowners are finding new ways to tap into their home equity to help them through the financial crisis.
As Wells Fargo and JPMorgan Chase have stopped offering home equity lines of credit due to market uncertainty, some homeowners are finding new ways to tap into their home equity to help them through the financial crisis.
Jobless rate spikes to 14.7%, highest since Great Depression
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
Coronavirus stimulus cash: Foreign workers, relatives of dead asked to send $1,200 checks back
Both groups are considered ineligible for the payments.
Both groups are considered ineligible for the payments.
New tool allows renters to check if they're protected by fed's eviction moratorium
Tenants worried about paying rent during the coronavirus crisis can use a new tool unveiled earlier this week by the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, to check whether they are protected under a federal eviction moratorium.
Tenants worried about paying rent during the coronavirus crisis can use a new tool unveiled earlier this week by the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, to check whether they are protected under a federal eviction moratorium.
What should I do if I think my coronavirus stimulus check amount is wrong?
The IRS has sent millions of Americans their coronavirus stimulus payments, but some are not getting the amounts they expected. What should you do if you think your coronavirus stimulus check amount is wrong?
The IRS has sent millions of Americans their coronavirus stimulus payments, but some are not getting the amounts they expected. What should you do if you think your coronavirus stimulus check amount is wrong?
Dow, S&P fall as US-China tensions rise over coronavirus crisis
U.S. equity markets ended the session mixed as investors took in record job losses amid speculation tensions are rising between the U.S. and China over Beijing's handling of the coronavirus crisis.
U.S. equity markets ended the session mixed as investors took in record job losses amid speculation tensions are rising between the U.S. and China over Beijing's handling of the coronavirus crisis.
What is Medicaid, and how do you get it?
Newly unemployed and uninsured Americans may now qualify for Medicaid.
Newly unemployed and uninsured Americans may now qualify for Medicaid.
Coronavirus-related debt mounting? These steps can help reduce it
For a number of businesses, the issues won’t resolve entirely once local economies reopen, either.
For a number of businesses, the issues won’t resolve entirely once local economies reopen, either.
Majority of US workers want to stay remote: Survey
Over 40 percent of respondents said that going forward, they want to work remotely more often.
Over 40 percent of respondents said that going forward, they want to work remotely more often.
Financial expert offers tips to those approaching retirement during COVID-19 pandemic
Financial expert Winnie Sun offered tips to those approaching retirement during the COVID-19 pandemic.
Financial expert Winnie Sun offered tips to those approaching retirement during the COVID-19 pandemic.
New bill proposes student loan forgiveness for health care workers on front lines of COVID-19 fight
Rep. Carolyn Maloney, D-N.Y., introduced a bill on Tuesday that would forgive all federal and private student loan debt for front line healthcare workers risking their lives to fight the deadly COVID-19 pandemic.
Rep. Carolyn Maloney, D-N.Y., introduced a bill on Tuesday that would forgive all federal and private student loan debt for front line healthcare workers risking their lives to fight the deadly COVID-19 pandemic.
Several small business owners get checks from county's $10 million small business loan program
Harris County is offering small businesses loans during COVID-19 pandemic, and as reporter Randy Wallace finds, many are beyond grateful.
Harris County is offering small businesses loans during COVID-19 pandemic, and as reporter Randy Wallace finds, many are beyond grateful.
Coronavirus stimulus cash: IRS warns VA, SSI recipients about approaching deadline
If some beneficiaries don’t fill out a form by Tuesday they may receive inaccurate payments.
If some beneficiaries don’t fill out a form by Tuesday they may receive inaccurate payments.
Stocks erase losses as Nasdaq leads rebound
U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.
U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.
Billionaires got $283B richer during coronavirus: Study
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
Landlords, lenders brace for nationwide rent strike
It’s the first of the month and the rent is due. But, tenants in the nation’s biggest cities are striking because they simply can’t afford to pay the rent, as many have been left without jobs due to economic fallout from the coronavirus pandemic.
It’s the first of the month and the rent is due. But, tenants in the nation’s biggest cities are striking because they simply can’t afford to pay the rent, as many have been left without jobs due to economic fallout from the coronavirus pandemic.