Unemployment claims dip to 793,000; layoffs remain high
Fewer Americans sought unemployment benefits last week, lowering jobless claims to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.
Fewer Americans sought unemployment benefits last week, lowering jobless claims to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.
Uber's 4Q loss narrows, raising hopes for pandemic recovery
Uber limited its losses at the end of the year by relying more heavily on its food-delivery business after the pandemic dramatically reduced the number of people willing to hop into a stranger's car.
Uber limited its losses at the end of the year by relying more heavily on its food-delivery business after the pandemic dramatically reduced the number of people willing to hop into a stranger's car.
Tax forms help to paint big picture of widespread unemployment fraud
Unemployment agencies across the country became lucrative targets for criminals when they were bombarded with claims last year as millions lost jobs due to coronavirus shutdowns.
Unemployment agencies across the country became lucrative targets for criminals when they were bombarded with claims last year as millions lost jobs due to coronavirus shutdowns.
Employers added 49K jobs last month as US unemployment fell to 6.3%
U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
Significant EDD reforms headed to California legislature
A flurry of EDD reform bills have been submitted to the California legislature to fix, once and for all, EDD's inability properly serve millions of unemployed Californians.
A flurry of EDD reform bills have been submitted to the California legislature to fix, once and for all, EDD's inability properly serve millions of unemployed Californians.
Jobless claims fall to 779,000; layoffs grind on
The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.
The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.
Sitting on billions, Catholic dioceses cash in on coronavirus aid
When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government’s signature small business relief program.
When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government’s signature small business relief program.
Democrats urge Biden to cancel up to $50k in student loan debt by executive action
The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.
The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.
EDD faces tough questions at hearing as unemployment backlog grows
California's Employment Development Department was called on the legislative carpet as more claims come in and the once shrinking backlog of old claims grows again.
California's Employment Development Department was called on the legislative carpet as more claims come in and the once shrinking backlog of old claims grows again.
'I am optimistic now': Post-pandemic hiring could rebound quickly
A hopeful view is gaining steam that as vaccinations reach a critical mass, perhaps around midyear, and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions.
A hopeful view is gaining steam that as vaccinations reach a critical mass, perhaps around midyear, and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions.
Failed comeback: Toys R Us shutters its last 2 stores in US
The only two Toys R Us stores that opened in November 2019 as part of a small U.S. comeback attempt by the iconic toy chain have now closed.
The only two Toys R Us stores that opened in November 2019 as part of a small U.S. comeback attempt by the iconic toy chain have now closed.
Biden, Democrats hit the gas on raising minimum wage to $15
The push to raise the federal minimum wage to $15 an hour has emerged as an early flashpoint in the fight for a $1.9 trillion COVID-19 relief package,
The push to raise the federal minimum wage to $15 an hour has emerged as an early flashpoint in the fight for a $1.9 trillion COVID-19 relief package,
Amid GameStop and AMC frenzy, Citron Research discontinues reports on short selling
The investment firm Citron Research has discontinued its practice of providing reports on short selling. Here’s what that means.
The investment firm Citron Research has discontinued its practice of providing reports on short selling. Here’s what that means.
Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.
GameStop stock explained: Here’s what short selling is and why it’s shaking up Wall Street
Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.
Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.
Protests at Menlo Park's Robinhood app after trading halted
A small group of investors protested outside Robinhood in Menlo Park on Thursday after the stock trading app halted the ability of its users to buy certain stocks that have seen unprecedented gains in the last week.
A small group of investors protested outside Robinhood in Menlo Park on Thursday after the stock trading app halted the ability of its users to buy certain stocks that have seen unprecedented gains in the last week.
GameStop stock frenzy: Robinhood, others limit trading, sparking lawsuit and Senate panel hearing
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
US economy shrank 3.5% in last year after growing 4% last quarter
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
Unemployment claims drop; still at 847,000 as pandemic rages on
The number of Americans applying for unemployment benefits fell to a historically high 847,000 last week, a sign that layoffs remain high as the coronavirus pandemic continues to rage.
The number of Americans applying for unemployment benefits fell to a historically high 847,000 last week, a sign that layoffs remain high as the coronavirus pandemic continues to rage.
Legislators demand answers from EDD, Bank of America over unemployment cases
An assembly subcommittee overseeing the Employment Development Department, got an earful when EDD went so far as to claim that its old backlog has been cleared up.
An assembly subcommittee overseeing the Employment Development Department, got an earful when EDD went so far as to claim that its old backlog has been cleared up.