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COVID-19 and the Economy

What you need to know about the COVID-19 pandemic's effects on America's economy, and what it means for your finances.

These Bed Bath & Beyond stores will close by year's end

These Bed Bath & Beyond stores will close by year's end

Bed Bath & Beyond has unveiled the first batch of more than 60 locations that it plans to close as part of its restructuring effort due to the coronavirus pandemic.

September 24, 2020 12:37pm CDT
Unemployment claims at 870,000 as fraud and backlogs cloud data

Unemployment claims at 870,000 as fraud and backlogs cloud data

The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.

September 24, 2020 11:09am CDT
Popcorn farmers are sitting on mountains of unsold popcorn, in part due to closed movie theaters

Popcorn farmers are sitting on mountains of unsold popcorn, in part due to closed movie theaters

With movie theaters shut down, people are obviously eating less movie theater snacks. This has left the farmers who supply theaters (and other venues) with a massive surplus of unsold food.

September 22, 2020 1:32pm CDT
Dow plunges 900 points as election, coronavirus lockdown worries mount

Dow plunges 900 points as election, coronavirus lockdown worries mount

U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.

September 21, 2020 10:46am CDT
Chicago restaurants may use old buses, train cars and portable greenhouses for winter months

Chicago restaurants may use old buses, train cars and portable greenhouses for winter months

Fox News previously reported that in an effort to ease these concerns, the city of Chicago held a Winter Design Challenge aimed at finding an innovative solution that still adheres to local health and safety guidelines. The winners will receive $5,000 for their most creative, feasible ideas.

September 20, 2020 1:51pm CDT
COVID-19 pandemic brings Mexican toilet paper to US as aftermath of panic buying

COVID-19 pandemic brings Mexican toilet paper to US as aftermath of panic buying

Toilet paper is back on store shelves. But you may not recognize some of the brands.

September 19, 2020 1:27pm CDT
Restaurants reopen for indoor dining in Will, Kankakee counties

Restaurants reopen for indoor dining in Will, Kankakee counties

“People want to be inside. They get cold pretty easily, especially as the sun comes down,” said Katie Appel, Tap House Grill General Manager.

September 19, 2020 8:16am CDT
'It's sad to see places like this go': Southport Lanes to close after nearly a century in business

'It's sad to see places like this go': Southport Lanes to close after nearly a century in business

Southport Lanes has been in operation for 98 years, since 1922. But owners say business has dropped so sharply because of the pandemic, it's forced to close by the end of the month.

September 17, 2020 9:30pm CDT
Over 50 Chicagoland restaurants have permanently closed due to COVID-19

Over 50 Chicagoland restaurants have permanently closed due to COVID-19

In March, Illinois saw restaurants and bars close their doors due to the coronavirus pandemic. Now, more than 50 restaurants in the Chicago-area have closed their doors for good. 

September 17, 2020 4:30pm CDT
860,000 filed new unemployment claims last week as COVID-19 continues to drive joblessness in US

860,000 filed new unemployment claims last week as COVID-19 continues to drive joblessness in US

The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak.

September 17, 2020 2:08pm CDT
Trump says he can talk GOP into going for 'larger' virus aid, including stimulus checks

Trump says he can talk GOP into going for 'larger' virus aid, including stimulus checks

President Donald Trump says Republicans should increase their offer for a coronavirus relief bill. But his allies in Congress aren't so sure.

September 17, 2020 12:31pm CDT
Tommy Bartlett Show to close permanently due to COVID-19 pandemic

Tommy Bartlett Show to close permanently due to COVID-19 pandemic

The Tommy Bartlett Show in Wisconsin Dells will close permanently due to the catastrophic loss of business income from the pandemic fallout.

September 16, 2020 2:44pm CDT
Dozens of Austrians reportedly received COVID-19 stimulus checks in mail from US government

Dozens of Austrians reportedly received COVID-19 stimulus checks in mail from US government

Local news reports said that more than 40 Austrian citizens cashed in coronavirus stimulus checks they received in the mail from the U.S. government.

September 10, 2020 4:37pm CDT
Layoffs remain elevated as 884,000 Americans seek unemployment aid

Layoffs remain elevated as 884,000 Americans seek unemployment aid

The number of Americans applying for jobless aid was unchanged last week at 884,000.

September 10, 2020 2:03pm CDT
Senate Democrats block GOP's slimmed-down coronavirus relief bill

Senate Democrats block GOP's slimmed-down coronavirus relief bill

The 52-47 vote fell well short of what was needed to overcome a filibuster and seems likely to end hopes for coronavirus relief before the November election.

September 10, 2020 1:03pm CDT
'Not free money:' Federal payroll tax 'holiday' starting soon

'Not free money:' Federal payroll tax 'holiday' starting soon

Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.

September 9, 2020 9:06pm CDT
UPS to hire more than 100,000 holiday workers, expects record peak season

UPS to hire more than 100,000 holiday workers, expects record peak season

The company says it will have full-time and part-time seasonal jobs, mostly package handlers, drivers and driver helpers. The Atlanta-based company touts the seasonal jobs as ones that can lead to year-round employment.

September 9, 2020 1:59pm CDT
Trump floats using extra $300B in coronavirus relief aid for second stimulus check

Trump floats using extra $300B in coronavirus relief aid for second stimulus check

The first $1,200 cash payments to U.S. households cost about $300 billion.

September 7, 2020 9:51am CDT
Governors in states hit hard by pandemic rethinking lockdown orders on bars

Governors in states hit hard by pandemic rethinking lockdown orders on bars

As the number of coronavirus cases fall in the U.S., governors in hard-hit states are rethinking lockdown orders on bars.

September 6, 2020 5:07pm CDT
'Tenet' brings in $20.2M Labor Day weekend as Americans return to theaters

'Tenet' brings in $20.2M Labor Day weekend as Americans return to theaters

About 70% of U.S. movie theaters are currently open.

September 6, 2020 4:24pm CDT
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Siakam scores season-high 36 points as Pacers beat struggling Bulls 120-105

Siakam scores season-high 36 points as Pacers beat struggling Bulls 120-105

Skokie man gets 10 years for supplying fentanyl in fatal overdose: prosecutors

Skokie man gets 10 years for supplying fentanyl in fatal overdose: prosecutors

Illinois driver injured after ice from semi smashes windshield: officials

Illinois driver injured after ice from semi smashes windshield: officials

Chicago weather: Chance of light snow coming this weekend

Chicago weather: Chance of light snow coming this weekend

Chicago police warn women after series of assaults, armed robberies connected to dating app

Chicago police warn women after series of assaults, armed robberies connected to dating app

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Surveillance footage shows no tampering of Tara Reid’s drink, Rosemont police say

Surveillance footage shows no tampering of Tara Reid’s drink, Rosemont police say

Suburban police officer returns to duty after ICE detention

Suburban police officer returns to duty after ICE detention

Chicago man charged with murder months after deadly shooting

Chicago man charged with murder months after deadly shooting

Triple-fatal I-290 crash: 3 dead after vehicle hits bridge support column, rolls over

Triple-fatal I-290 crash: 3 dead after vehicle hits bridge support column, rolls over

Romeca Blackmon murder: Woman charged in killing ordered to remain in custody

Romeca Blackmon murder: Woman charged in killing ordered to remain in custody

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