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Category: News


News

Economy loses 140,000 jobs in December as unemployment holds at 6.7% amid COVID-19 spikes

January 8, 2021

Via: USA TODAY

U.S. employers shed 140,000 jobs in December amid COVID-19 surges and new business constraints, closing out a dismal year with the first payroll losses since the pandemic upended the economy last spring. Restaurants and bars hemorrhaged jobs, and the report […]


News

US unemployment claims slip to still-high 787,000

January 7, 2021

Via: ABC News

The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months. Thursday’s figure from […]


News

Seniors face steep drug costs as Congress stalls on capping Medicare out-of-pockets

December 28, 2020

Via: Fortune

Sharon Clark is able to get her life-sustaining cancer drug, Pomalyst—priced at more than $18,000 for a 28-day supply—only because of the generosity of patient assistance foundations. Clark, 57, a former insurance agent who lives in Bixby, Okla., had to […]


News

‘We are struggling’: A bleak Christmas for America’s jobless

December 24, 2020

Via: ABC News

Last Christmas, Shanita Matthews cooked up a feast for her family of three: Roast chicken, barbecue spareribs, spinach, macaroni and cheese. This year? They’ll stick with tuna fish and crackers, among the few items she can afford at the supermarket. […]


News

Trump’s attempt to bounce Congress into bigger stimulus checks could easily go wrong

December 23, 2020

Via: Markets Insider

President Donald Trump launched a surprise attack on the COVID-19 relief bill agreed by Congress, calling for stimulus checks for Americans to be increased from $600 to $2,000. The move caught Washington off-guard, but could easily go wrong for him […]


Financial Services, Industries, News

Biden wants to change how credit scores work in America

December 18, 2020

Via: Fortune

The credit industry isn’t working if you ask consumer advocates. The Big Three credit agencies—Equifax, TransUnion, and Experian—are black boxes, gathering and selling consumer data, grading us on our financial behavior without letting us in on how they do it, […]


News

US jobless claims rise to 885,000 amid resurgence of virus

December 17, 2020

Via: ABC News

The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that […]


News

Stimulus update: Congress enters critical week to make a deal

December 14, 2020

Via: Fortune

Congress is now truly down to the wire with only one week left to put pen to paper on a relief package. On Friday, Congress passed a one-week spending bill to avert a government shutdown and to give leaders another […]


Finance Tech, News, Trading

Hopes of a Brexit trade deal flash red, sending stocks and sterling lower

December 11, 2020

Via: Fortune

European Commission President Ursula von der Leyen warned that a no-deal split with the U.K. is the likeliest outcome on Dec. 31 as last-ditch talks to try to reach a deal before Sunday continue in Brussels. Prime Minister Boris Johnson’s […]


Financial Services, Industries, News

European Central Bank gives economy another dose of stimulus

December 10, 2020

Via: ABC News

The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. […]