Long-term mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low. Mortgage buyer Freddie Mac reported Thursday that the […]
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Nasdaq breaks above 10,000 for the first time as Amazon and Apple hit record highs
The Nasdaq Composite rallied to a record high on Tuesday, briefly breaking above 10,000 for the first time, as traders loaded up on major technology […]
Women have been hit hardest by coronavirus layoffs
Women who work entered the year on a high note, with sky-high employment numbers thanks, in part, to the rapid expansion of industries such as […]
Weekly initial jobless claims hit 2.1 million
More than 2.1 million Americans filed for unemployment benefits for the first time last week, the 10th straight week that jobless claims have been in […]
The number of women running Fortune 500 companies just hit a new high
The number of women running Fortune 500 companies has hit a new record, according to this year’s Fortune 500 list. Currently, there are 37 women […]
Which major retail companies have filed for bankruptcy since the coronavirus pandemic hit? Here’s the list.
From iconic department stores to entertainment giants, the coronavirus has seemingly spared no one in its devastation of the U.S. economy. With bankruptcy currently hovering […]
Workers without college degree hit hardest by record unemployment
While the April jobs report released Friday was catastrophic by any measure, labor economists say the data reveals the economic fault lines that put America’s […]
Another 3 million Americans filed jobless claims last week, bringing total to 33 million since coronavirus hit
Around 3 million more workers filed for unemployment benefits for the first time last week, down slightly from 3.8 million the previous week. More than […]
Latinos hardest hit by coronavirus job losses, with a staggering 18.9% unemployed
Latinos suffered staggering job losses and have been the hardest hit by the economic thrashing dealt by the coronavirus pandemic, which blew a hole in […]
Miami’s “Little Havana” family businesses are hit hard by coronavirus, but vow to fight
MIAMI — David Garcia, 42, owner of Little Havana restaurant La Camaronera, is struggling to keep his business afloat. The landmark Miami seafood establishment — […]
U.S. jobless claims reach 26 million since coronavirus hit, wiping out all gains since 2008 recession
Another 4.4 million Americans filed for initial jobless claims last week, revealing that at least 26 million people have requested unemployment benefits since the outbreak […]
First hit, first opened? Seattle eyes reopening economy
Seattle was the country’s first coronavirus hot spot, and soon it could be one of the first big cities to reopen its economy. When and […]
Small business loan program just hit its $350 billion cap and is now out of money
One of the main coronavirus relief fund sources for suffering small businesses hit its $350 billion limit Thursday and is no longer accepting any more […]
Bank websites, hit by wave of stimulus interest, experience some outages and slowdowns
Websites of major U.S. banks experienced heavy outages and slowdowns Wednesday as people looked to see if their government stimulus payments had been deposited. About […]
Coronavirus job losses could total 47 million, unemployment rate may hit 32 percent, Fed estimates
Millions of Americans already have lost their jobs due to the coronavirus crisis — and the worst of the damage is yet to come, according […]