Some Americans may be unwittingly throwing their long-awaited stimulus payments in the trash. That’s because, starting last week, the Treasury Department and the IRS started […]
New York’s stock exchange reopens — with masks and a waiver
After being shut down for more than two months, the New York Stock Exchange’s trading floor partially reopened on Tuesday. New York Gov. Andrew Cuomo […]
This might be one of the best weekends — ever — to buy a new car
Memorial Day weekend is typically one of the busiest times of the year for car dealerships — and this year’s deals are expected to be […]
What’s up with the skyrocketing grocery prices — and when will it all stop?
Consumers frantically rushing through the grocery stores like a coronavirus version of the hit TV game show “Supermarket Sweep” now have another challenge to deal […]
Trump wants negative rates — but what would that mean for your wallet?
Imagine a backward world of “negative interest rates” where banks charge you to save your money and pay you to take loans. Now forget it, […]
Amazon has been indispensable during the pandemic — but it’s clear who really wins
Amazon is often described as an e-commerce behemoth — but the company is much more than a place to shop. As America hunkered down under […]
L.A. Lakers qualified for an emergency PPP loan — why didn’t nonprofits?
More than half a trillion dollars in aid has been set aside for the government’s Paycheck Protection Program to help small businesses weather the coronavirus […]
L.A. Lakers received $4.6 million from federal loan program — but returned it
The Los Angeles Lakers qualified for and received approximately $4.6 million from the government’s Paycheck Protection Program, which was established to provide relief to small […]
‘Extremely disappointing’ and ‘entirely predictable’ — slowdowns and lockouts plague second round of PPP
The latest round of funding from the Paycheck Protection Program opened up on Monday morning at 10:30 a.m. ET with a new set of rules […]
U.S. crude oil futures for May plummet to minus $37 — lowest price in history
U.S. crude oil prices dropped by almost 300 percent to turn negative for the first time as plunging demand pushed storage facilities to their limits. […]
In Nebraska, meat plant workers are afraid to go to work — but can’t afford to stay at home
With 3,500 workers, the JBS beef processing plant is one of the largest employers in Grand Island, Nebraska. It’s also the epicenter of the town’s […]
Retail has been on life support — coronavirus could pull the plug
With hundreds of thousands of stores closed nationwide, the coronavirus pandemic is accelerating dramatic changes across the retail industry that had been underway well before […]
Mnuchin praises first day of small-business loan program — but applicants call it ‘confusion’ and ‘a scam’
The launch day of the highly touted $350 billion small-business loan program had a stuttering start Friday, from technical issues with bank websites to opaque […]
Trump just rolled back emissions standards — but critics say pandemic shows bigger risks
Critics of President Donald Trump’s plan to roll back emissions standards for cars say Tuesday’s decision to reverse the tighter, Obama-era regulations, is all the […]
Most cruise lines don’t pay taxes in the U.S. — just one of the reasons they aren’t getting a bailout
Cruise lines, which have been pummeled by the economic impact of the coronavirus, may not be eligible to receive relief through the bailout fund included […]