Coronavirus pandemic takes a bite, Chuck E Cheese files for bankruptcy
“The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our company’s history” said CEO David McKillips in a prepared statement.
Another 1.48 million laid-off workers seek US jobless aid
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
Only 47% of Americans are losing sleep over money despite pandemic: Study
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
IRS grants additional relief to retirement savers required to take plan distributions
Individuals can roll distributed funds back into a plan through August, according to IRS.
1.5 million more laid-off workers seek unemployment benefits
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
Report: Next stimulus package could include $4,000 vacation credit, second check
The president brought up the “Explore America” Tax Credit during a White House roundtable last month.
A second coronavirus payment may be coming. Here's your share
Earlier this week, Treasury Secretary Steven Mnuchin suggested the Trump administration was considering sending Americans another round of stimulus checks to offset the financial pain caused by the coronavirus pandemic and the related economic lockdown.
1.5 million more laid-off workers seek unemployment benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
Nursing homes to face enforcement action for swiping coronavirus stimulus checks from seniors
The Trump administration on Tuesday warned nursing homes that they will face repercussions for unlawfully seizing economic impact payments from seniors.
Trump administration opposes extending $600 weekly unemployment benefit
The payments are set to expire July 31, and Democrats have pushed a plan that would extend the enhanced benefit through January.
US employers laid off 7.7 million workers in April
U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
Brookfield Zoo cuts 56 positions as facilities remain closed
Brookfield Zoo is cutting 56 full time positions as its facilities remain closed.
Criminals stealing unemployment benefits as claims surge
Criminals are seizing on a surge in job losses to steal unemployment benefits from Americans nationwide.
Despite global reopening push, some jobs are gone for good
Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back.
JCPenney shutting down 154 stores after coronavirus-driven bankruptcy
Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.
US private sector lost 2.7M jobs in May
Private employers slashed 2.7 million jobs in May as the coronavirus-induced lockdown devastated the U.S. economy and labor market, according to the ADP National Employment Report released Wednesday.
Coronavirus could cause multitrillion-dollar decline in US economic output, new report shows
CBO expects a 'significant markdown' in GDP over the coming decade.
Small business owners can now apply for PPP loan forgiveness: Everything to know
Two months after the federal government rolled out the Paycheck Protection Program, small business owners that tapped the coronavirus aid can officially have their loans forgiven.
Amazon says most of its pandemic hires can remain as full-time employees
Amazon will convert 125,000 of the 175,000 temporary roles hired since March to permanent jobs if employees would like to stay at Amazon long term.
Stocks retreat as Trump preps social media and China crackdowns
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.