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.
Unemployment claims fall to 881,000 but layoffs remain elevated
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
Governor Newsom ditches watch list for new 4-tier reopening plan
Gov. Newsom announced a new approach to how California counties may qualify to reopen businesses and activities that have been forbidden during the coronavirus pandemic.
Dining at San Francisco restaurants has plummeted by 91%
New data about San Francisco's world-renowned dining scene shows that the industry is starving for customers. Sales in high-end restaurants to hole-in-the-wall eateries have fallen by 91% during the coronavirus pandemic, according to the city's Chamber of Commerce.
California sees another increase in unemployment claims
According to data from the U.S. Labor Department, California had 209, 516 people file for first-time unemployment claims in the week ending on Aug. 22.
Fed: Rates to stay ultra-low even after inflation picks up
The change means the Fed is prepared to tolerate a higher level of inflation than it generally has in the past.
More than 1 million Americans applied for unemployment benefits
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
Eliminating payroll tax could deplete Social Security by 2023, chief actuary estimates
Trump has said he could eliminate the tax if he is reelected without undercutting the retirement program or greatly adding to the deficit.
Millions of jobs lost to coronavirus pandemic could take years to return
The damage inflicted to the jobs market is expected to persist for years, IRS projections show.
Travelers lost about $900K at airport checkpoints last year, TSA says
Travelers left behind nearly a million dollars at U.S. airport security checkpoints last year, including about $19,000 in foreign currency, the Transportation Security Administration said.
Americans in these 3 states will get full $400 unemployment boost
Unlike the previous $600-a-week supplement, which was fully federally funded, the executive action that Trump signed on Saturday depends on states being able to fund 25%, or $100, of the aid.
US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
Nearly 40% of Americans who lost their jobs during pandemic can't last a month on savings
One in five respondents said their savings would last just two weeks.
Apple reaches $2 trillion market value as tech fortunes soar
The iPhone maker reached the $2 trillion milestone in Wednesday's early stock market trading when its shares surpassed $467.77.