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.
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.
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.
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.
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.
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.
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.
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
Stocks pare gains fueled by America's reopening
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Rental companies selling cars at discounted prices following halt on travel amid COVID-19 lockdowns
As Hertz Global Holdings Inc., files for bankruptcy following a near-halt on most travel amid the coronavirus pandemic, rental companies have reportedly begun selling much of their fleets in an attempt to survive the devastating economic impacts of the COVID-19 lockdowns.
As Hertz Global Holdings Inc., files for bankruptcy following a near-halt on most travel amid the coronavirus pandemic, rental companies have reportedly begun selling much of their fleets in an attempt to survive the devastating economic impacts of the COVID-19 lockdowns.
Stimulus payment for 4 million Americans to arrive by prepaid debit card
Instead of direct deposit or even a paper check, four million people will find their stimulus payment arrive in the form of a prepaid debit card.
Instead of direct deposit or even a paper check, four million people will find their stimulus payment arrive in the form of a prepaid debit card.
Stocks flounder on recovery concerns after coronavirus jobless claims near 39M
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Coronavirus prompts Victoria's Secret to permanently close 250 US, Canada stores
Parent company L Brands will also close 50 Bath & Body Works stores in U.S. and one in Canada.
Parent company L Brands will also close 50 Bath & Body Works stores in U.S. and one in Canada.
Survey: 40% of Americans fear they won't be able to retire
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
Coronavirus pandemic puts Social Security at risk of insolvency by 2030
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Will you get a second coronavirus stimulus check? Everything we know so far
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
36 million have sought US unemployment aid since virus hit
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Powell warns of a possible sustained recession from pandemic
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Grocery store prices rose last month amid COVID-19 pandemic
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.