Category: News

January 8, 2021

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 […]

January 7, 2021

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 […]

December 28, 2020

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 […]

December 24, 2020

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. […]

December 23, 2020

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 […]

December 18, 2020

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, […]

December 17, 2020

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 […]

December 14, 2020

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 […]

December 11, 2020

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 […]

December 10, 2020

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. […]