US manufacturing improves in July, outlook clouded by coronavirus
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
Record economic plunge, bleak jobs numbers reveal virus toll
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
Americans can determine if they are middle class with new income calculator
Pew Research Center reports that 52% of Americans are in middle-income households.
White House drops payroll tax cut as GOP unveils virus aid
The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.
Jobless claims rise as cutoff of extra $600 benefit nears
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
Wrangling over virus relief persists despite high stakes
The desperate race to corral the coronavirus pandemic is taking on even greater urgency as a burgeoning economic crisis collides with political turmoil.
US wholesale prices fell 0.2% in June as food costs plunged
U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
What will the next coronavirus relief bill look like? Congress mulls stimulus checks and back-to-work bonus
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
IRS permits more Americans to tap retirement accounts without penalty
IRS permits more Americans to tap retirement accounts without penalty.
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.
Americans tapping retirement savings after coronavirus-led job loss, study finds
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
How to get a refund or credit on your car insurance if you’re driving less amid COVID-19 pandemic
Many major auto insurance companies in the U.S. are offering policyholders some sort of refund or credits.
Interest rates steady during coronavirus pandemic: What it means for your wallet
Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Expert examines the future of the food and beverage industry
Small businesses could soon be shuttering their doors as the result of the coronavirus pandemic, concerning entrepreneurs who are part of the fabric of our country.
Coronavirus pushes cities to cap third-party delivery fees
More U.S. cities are capping commission fees third party delivery services charge restaurants, many of which are mom-and-pop small business owners.
Starbucks to reopen 90% of US stores by June in ‘carefully planned stages,’ according to report
U.S. stores will be open for to-go and delivery service, with cafe seating remaining closed to customers.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
Amazon, Instacart and other essential workers reportedly plan walk-out strike May 1
According a report from The Intercept, the employees will call in sick or walk off the job during their lunch break.
Trump orders meat processing plants to remain open
The order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open, according to the Associated Press.