Another 745,000 Americans filed for unemployment benefits last week
The Labor Department's data on weekly jobless claims shed light on the economy's recovery from the damage inflicted by the coronavirus pandemic.
PPP COVID-19 relief initiative is adjusted to attract the smallest businesses
Small-business requests for money from the federal government’s signature Covid-19 relief initiative are running well below last year’s heady pace, prompting changes in the program’s final month to reach the hardest-hit businesses.
Stock futures trade lower ahead of Powell comments
The Labor Department will report its tally of new claims for unemployment benefits
NYC entertainment venues to reopen at low capacity starting April 2
The venues can reopen at 33 percent capacity with up to 100 people indoors and up to 200 people outdoors, Cuomo said in a statement.
Pandemic puts 1 in 3 nonprofits in financial jeopardy
More than one-third of U.S. nonprofits are in jeopardy of closing within two years because of the financial harm inflicted by the viral pandemic, according to a study being released Wednesday by the philanthropy research group Candid and the Center for Disaster Philanthropy.
Mississippi Gov. Tate Reeves on lifting COVID restrictions: 'If not now, when?'
Gov. Tate Reeves, R-Miss., said Wednesday that he is lifting most coronavirus restrictions in his state because “for us to utilize the heavy hand of government to mandate things, it had to be justified.”
Cuomo on reopenings: ‘Some states are going too far, too fast’
New York Gov. Andrew Cuomo on Wednesday argued that “some states” are being too hasty in relaxing restrictions as COVID cases continue to decline.
Tech stocks pummeled as bond yields rise
U.S. stocks see headwinds as investors eye rising bond yields.
California health officials say more COVID-19 vaccines going to rich than at-risk, poor communities
California health officials say that despite Gov. Gavin Newsom’s efforts to equitably distribute the COVID vaccine to the state’s nearly 40 million residents, people who live in poorer communities are receiving the vaccine at lower levels than those who live in richer areas.
Fed's beige book signals economic optimism as COVID-19 vaccine rolls out
A Federal Reserve survey of business conditions across the United States has found that economic activity was expanding at a modest pace in February.
Biden's COVID-19 relief bill includes billions in aid for states that don't need it
Democrats are on track to approve hundreds of billions of dollars in no-strings-attached aid for state and local governments in the latest coronavirus relief package.
Biden tightens $1,400 stimulus check income limits amid pressure from moderate Dems
President Biden has endorsed a plan from moderate Democrats to narrow income eligibility for the third round of stimulus checks in his nearly $2 trillion coronavirus relief package.
ADP report shows private companies added 117,000 jobs in February
U.S. private employers continued slowly hiring new workers last month as the number of COVID-19 cases nationwide eased, according to a new report released Wednesday.
NJ gym owner who defied lockdown banned from airline after mask-less trip
Ian Smith, 33, shared an email on Instagram Monday from the carrier, informing him of his ban “due to a recent incident regarding our policy on face mask coverings.”
Utah leads states with hottest housing markets
The coronavirus pandemic sent Americans moving amid high unemployment and negative job growth in 2020, propelling some states in the West and Midwest to have the country’s hottest housing markets.
Stock futures rise on vaccine plan, bonds stabilize
Traders will get a look at private-sector hiring with the ADP report for February
Trucking industry thriving from coronavirus-linked e-commerce boom
The boom in online shopping and e-commerce during the coronavirus pandemic is driving profits in the trucking industry.
Elon Musk's SpaceX lands in Austin with new state-of-the-art manufacturing plant
Texas. The aerospace company revealed the plans in a new job posting for an automation & controls engineer, which will focus on Starlink, a global internet service made up of a constellation of satellites.
Target, Toyota, GM in Texas to keep wearing masks
Employees at General Motors, Toyota Motor, Target Corp, and Macy's Inc in Texas will keep face masks on at work, the companies said on Tuesday, even as the U.S. state lifted most of its coronavirus curbs allowing businesses to reopen at full capacity as of next week.
Inside Matthew McConaughey’s new $7.8M Hawaiian oasis
Matthew McConaughey just shelled out $7.85 million for a Hawaiian oasis.