United Airlines to furlough over 16,000 employees in October
United Airlines said in an internal memo that it plans to furlough 16,370 employees in October.
US private employers add 428,000 jobs in August, signaling slow recovery from pandemic
The ADP National Employment Report was released on Wednesday, revealing how many jobs private employers added in August.
Stock futures continue data-fueled rally
Traders will examine the latest ADP report on private sector hiring
Las Vegas casinos 'will come back': Hard Rock International chairman
Demand for Las Vegas casinos “will come back” in the long term, Hard Rock International Chairman Jim Allen told “Mornings with Maria” on Tuesday.
More Fed stimulus needed 'in coming months' to fight pandemic headwinds, Brainard says
The Federal Reserve will need to roll out new efforts “in coming months” to help the economy overcome the impact of the coronavirus pandemic, according to Fed Governor Lael Brainard.
Mnuchin urges Congress to reach coronavirus relief deal during House testimony: 'There is more work to be done'
Treasury Secretary Steven Mnuchin on Tuesday urged Congress to resume coronavirus relief talks and cut a deal on another aid package.
Americans still spending money despite expiration of $600-a-week unemployment aid
According to a recent analyst note from JPMorgan, the expiration of the sweetened benefits "has not marked a sharp turning point for the overall economy."
Over 40 states preparing to pay out Trump's $300 unemployment aid boost
Just six states are paying out the $300-a-week federal portion of the sweetened aid over three weeks after President Trump signed an executive measure.
Businesses moving out of Minneapolis due to coronavirus, riots: Report
In the wake of the coronavirus pandemic, riots and efforts to dismantle the city's police department, Minneapolis could be facing economic damage from which it may never be able to recover from, according to a new report.
Minneapolis, St. Paul face new obstacle after riots: Sky-high demolition costs
Minneapolis and St. Paul have been dealt another financial blow in the wake of George Floyd protests and riots: the high price of rebuilding the Twin Cities.
Biden clarifies fracking position during Pittsburgh speech
Democratic presidential candidate Joe Biden said Monday he does not intend to ban fracking if he wins the November election.
$600-a-week unemployment boost lessened pain of coronavirus recession, study shows
The $600-a-week federal unemployment boost padded Americans' wallet with an extra $9 billion, playing a key role in lessening the financial pain of the coronavirus-induced economic recession.
Low unemployment doesn't warrant higher interest rates, Fed's Clarida says
Federal Reserve Vice Chairman Richard Clarida’s comments come on the heels of a Fed announcement last week of a new strategy that will keep the benchmark federal funds rate near zero.
What does Trump's payroll tax deferral mean for you?
Companies can stop withholding employees' payroll taxes beginning Sept. 1, but workers are still on the hook to pay the taxes by the end of April 2021.
Bankrupt Hertz seeks $5.4M in executive bonuses
Just months after Hertz Global Holdings Inc. shelled out $16.2 million in extra pay meant to keep executives from leaving as the coronavirus pandemic decimated the travel industry, the car-rental company wants to pass out an additional $14.6 million in bonuses.
Friday night takeout is keeping U.S. restaurants afloat during economic, COVID-19 crises
While the COVID-19 pandemic has marked the and of weekly traditions like Taco Tuesdays, Wine Wednesdays, and Sunday brunches, new habits like ordering Friday night takeout and delivery may be bringing economically-devastated restaurants back from a point of no return.
Fast-food giants race to perfect the drive-through experience
As restaurants across the country have closed their doors -- many permanently -- fast-food and fast-casual chains have taken the opportunity to claim the market and plan to utilize drive-throughs to help expand their reach.
American stores reluctant to uncover boarded-up windows amid civil unrest, coronavirus
Thin sheets of brown plywood are holding American businesses together.
Fannie, Freddie extend freeze on some foreclosures, evictions amid coronavirus pandemic
The Federal Housing Finance Agency announced Thursday that mortgage giants Fannie Mae and Freddie Mac will extend the freeze on foreclosures and evictions on single-family homes until at least Dec. 31
More US jobs lost to coronavirus pandemic are disappearing permanently
Of the millions of workers furloughed between March and June, 22% have been permanently laid off, according to new payroll data.


















