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.
Fed holds rates near zero amid fresh signs US economic recovery is slowing
The Federal Reserve said during its first meeting of the year on Wednesday that it would leave interest rates near zero.
Small businesses received $35B in PPP loans during third round of lending
The Small Business Administration said Tuesday that it has approved more than 400,000 loans worth about $35 billion through the Paycheck Protection Program.
US durable goods orders show modest 0.2% December gain
The rise in orders for durable goods, items expected to last at least three years, followed much stronger increases of 1.2% November and 1.8% in October, the Commerce Department reported Wednesday.
Biden's $15 minimum wage push could be 'death knell' for small businesses, job growth
President Biden's push to raise the federal minimum wage to $15 an hour as part of a broader coronavirus relief package could be a "death knell" for businesses still reeling from the pandemic, according to a new study published this week.
Can the IRS snatch your stimulus check money if you owe back taxes? What to know
For millions of Americans who did not receive their second coronavirus stimulus check, there's a quick fix: Claim the missing money when you file your 2020 tax return.
Bond market watching for ongoing Fed reassurance on purchases
Fed Chair Jerome Powell said on Jan. 14 it is too early for the central bank to discuss changing its monthly bond purchases
Over 8M Americans have fallen into poverty as COVID-19 relief benefits expired
More than 8 million Americans fell into poverty over the past six months as social safety measures put into place at the start of the coronavirus pandemic expired, according to a new study published this week.
Shift to electric vehicles spurs bid to make more batteries in US
The auto industry’s quickening shift to electric cars is spurring investment in another emerging industry in the U.S.: manufacturing lithium-ion batteries for those vehicles.
IMF raises economic outlook for 2021, but warns new COVID-19 variants could derail growth
The global economy is poised for a strong recovery from the coronavirus pandemic in 2021, the International Monetary Fund said Tuesday.
Janet Yellen: The first female U.S. Treasury Secretary
Yellen is the first woman to have led the U.S. central bank.
Senate confirms Janet Yellen as first female Treasury secretary
The Senate confirmed Janet Yellen, the former chairwoman of the Federal Reserve, as Treasury secretary on Friday afternoon, putting into place a battle-tested economist who will help implement the Biden administration's plan to prop up the nation's pandemic-scarred economy.
Can Democrats pass Biden's $1.9T coronavirus relief bill without Republicans?
Senate Democrats may rely on a powerful procedural tool to pass the $1.9 trillion measure using their slimmest-possible majority.
Coronavirus relief spending fueling a stock market bubble, BofA warns
The stock market is in a bubble that's being fueled by U.S. policy on coronavirus stimulus, Bank of America economists warned in a note to clients.
AMC nets $917M in financing to ward off bankruptcy
The company also said it presumed it would continue to make progress in negotiations with theater landlords over lease payments.


















