Stimulus checks benefited lower-class, middle-class households, data shows
IRS data shows the largest number of checks went to low-earning households.
Melvin Capital, hedge fund that bet against GameStop, lost 53% in January
Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January, a source familiar with the matter told FOX Business. Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January.
Biden and GOP's COVID stimulus proposals: How do the plans compare?
Take a closer look at how the two proposals from President Biden and Senate Republicans compare.
Ilhan Omar pushes for new tax on stock trades amid GameStop frenzy
Rep. Ilhan Omar called for a new tax on stock trades after a battle between an army of amateur investors and hedge funds caused a dramatic swing in the share price of GameStop and other heavily shorted companies.
GOP senators unveil details of $618B coronavirus relief proposal ahead of meeting with Biden
A group of 10 Senate Republicans unveiled new details of their roughly $618 billion coronavirus relief proposal on Monday morning
Missing stimulus check money? How to claim the payment on your 2020 tax return
The Internal Revenue Service is essentially done sending stimulus checks for now, but if you didn't receive your fully promised payment, don't worry — there's a quick fix.
What to know about Vlad Tenev, CEO of Robinhood
Tenev has lived the American dream, but now faces a nightmare after a tough week for his company.
Coronavirus stimulus payment may arrive as a debit card, IRS says
While the vast majority of the more than 100 million $600 coronavirus stimulus checks approved by Congress late last year were deposited directly into Americans’ bank accounts, several million others were sent through prepaid debit cards and in paper checks.
NYC restaurant owners not loving Valentine’s Day return of indoor dining at 25% capacity
Restaurant owners say 25% capacity on indoor dining won't help business rebound.
White House still silent on GameStop frenzy as stock swings rattle Wall Street
The White House on Friday remained tight-lipped about the wild price swings in GameStop shares and other heavily shorted companies.
Democrats poised to push ahead on coronavirus relief deal without Republicans
Democratic leaders plan to start pushing forward on another massive coronavirus relief bill as soon as next week — whether or not Republicans are on board.
Warren rips SEC amid GameStop surge, pushes for stricter Wall Street regulation
Sen. Elizabeth Warren lambasted the Securities and Exchange Commission for not cracking down on Wall Street as an astronomical surge in GameStop shares and other heavily shorted companies drove a week of frenzied trading.
Stock futures fall on retail trading concerns
Investors will get earnings from a trio of Dow members: Chevron, Caterpillar and Honeywell
Progressive Dems urge Biden to send recurring coronavirus stimulus checks
A group of more than 50 House progressives called on President Biden to include recurring stimulus checks instead of one-time payments in the next coronavirus relief package.
US economy grew 4% in fourth quarter but ended 2020 in coronavirus-induced hole
The U.S. economy continued to recover from the coronavirus shutdown in the final three months of the year.
Jobless claims fall slightly as another 847,000 Americans apply for unemployment aid
The number of Americans filing for state unemployment benefits remained elevated last week as the labor market struggles to recover from a surge in COVID-19 infections nationwide.
Stimulus check calculator: Confirm you received full relief payment before filing 2020 tax return
The Internal Revenue Service is basically done sending stimulus checks, but if you didn't receive your fully promised payment, don't fret — there's a quick fix.
Stock futures trade mixed ahead of GDP report
Investors will also digest the latest jobless claims along with a slew of earnings
US economy likely logged its weakest performance in 74 years in 2020
Economists are forecasting that the economy contracted by as much as 3.6% in 2020
Vaccinations are the key to US economic recovery, Fed Chair Powell says
Federal Reserve Chair Jerome Powell on Wednesday said one of the key considerable downside risks to the U.S. economy posed by the ongoing pandemic is the slow pace of the coronavirus vaccine rollout.


















