Unemployment claims at 870,000 as fraud and backlogs cloud data
The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.
BBB: Cash App users scammed out of thousands of dollars after calling fake customer service number
The Better Business Bureau is warning users of Cash App after several consumers reported losing money after calling an alleged fake customer service number they found on Google.
Bank shares tumble on reports of rampant money laundering
The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.
Milpitas woman uses man’s identity to claim unemployment benefits on his behalf
When 20-year-old Sebastian Alvarez opened a recording studio last spring, he couldn’t have anticipated that a pandemic would halt his business before it could get off the ground. But upon approval for unemployment insurance, he found himself in another unforeseeable situation—he couldn’t access any funds, because someone allegedly purchased his social security number, and was using his identity to collect benefits.
Dow plunges 900 points as election, coronavirus lockdown worries mount
U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.
If you didn’t file tax returns, the IRS may still owe you a $1,200 COVID-19 stimulus check
On Friday, the IRS announced that it will mail letters to people who did not file a return for either 2018 or 2019, but still may qualify for an Economic Impact Payment.
Six months since Bay Area COVID-19 shutdown, economy remains fragile
Weekly claims data shows that Californians filed 29% of the nation's unemployment claims, while only making up 11% of the nation's workforce.
Trump says he can talk GOP into going for 'larger' virus aid, including stimulus checks
President Donald Trump says Republicans should increase their offer for a coronavirus relief bill. But his allies in Congress aren't so sure.
SF launches program giving some pregnant women and moms $1,000 a month
San Francisco announced the Abundant Birth Project, which will pay $1,000 a month to Black and Pacific Islander women who are pregnant or recently gave birth.
EDD offers assistance to those who lost jobs due to wildfires
Despite already being overwhelmed by the pandemic and the recession, the EDD is offering assistance to people made jobless by the wildfires.
$300 weekly unemployment benefit extended for two more weeks
The EDD announced that those who qualify for the additional $300 weekly unemployment benefit, initially presented as a 3-week benefit, will get payments for 2 additional weeks.
Dozens of Austrians reportedly received COVID-19 stimulus checks in mail from US government
Local news reports said that more than 40 Austrian citizens cashed in coronavirus stimulus checks they received in the mail from the U.S. government.
Money for $300 unemployment boost to run out after 6 weeks
The agency said the fund was enough to cover six weeks of additional jobless aid starting Aug. 1, so unemployed workers won’t receive any more after this week.
Senate Democrats block GOP's slimmed-down coronavirus relief bill
The 52-47 vote fell well short of what was needed to overcome a filibuster and seems likely to end hopes for coronavirus relief before the November election.
Beware when using money transfer apps like Venmo, Zelle, Cash App
The coronavirus pandemic has increased and expanded the use of money-transferring apps, as people avoid hand-to-hand transfers of cash.
Another COVID-19 relief bill looks increasingly unlikely as Congress returns
Hopes are dimming for another coronavirus relief bill from Washington as Congress returns to session. Talks between top Democrats and the Trump administration broke off last month and remain off track. Recent conversations among the key players have led to nothing.
Study: 52% of young adults forced to move back in with parents amid COVID-19
According to a study done by the Pew Research Center, 52% of young adults have been forced to move back in with their parents or with another person due to the economic and financial impacts of the COVID-19 pandemic.
California lawmakers approve emergency audit of EDD
California assemblymembers approved an emergency audit of the Employment Development Department Thursday to address backlogged claims, call center operations and “efficiencies.”
Santa Clara County hopes to move into red tier of state's reopening plan next week
In Santa Clara County, salons, barbershops, and malls are allowing customers inside. Next week, the county may get the green light from the state to resume more indoor operations.
FedEx to hire 70,000 workers for 'unprecedented holiday shipping season'
FedEx plans to hire as many as 70,000 seasonal workers. That's a 27 percent increase from the 55,000 hired last year.