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.

Family of 20-year-old California investor who died thinking he lost over $730,000 sue Robinhood

The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.

Stimulus checks: Democrats propose $1,400 payments as part of Biden's COVID-19 relief plan

Democrats on a pivotal House panel on Monday proposed an additional $1,400 in direct payments to individuals as Congress began piecing together a $1.9 trillion COVID-19 relief package that largely follows President Joe Biden's proposal for battling the pandemic and reviving a still staggering economy.

Tesla invests $1.5 billion in Bitcoin, plans to accept as payment

The electric automaker said in an SEC filing Monday that it bought $1.5 billion in Bitcoin and will soon accept the digital currency as payment for cars.

Pandemic vices are putting more consumers in debt: 'It's 100% instant gratification'

Alcohol, cigarettes, adult entertainment and lottery tickets are just some of the items 70% of Americans are splurging on during the pandemic, a new survey from financial services company MagnifyMoney suggests.

7 essential things to know before you file your 2020 tax return

The coronavirus pandemic triggered many changes in the U.S. economy and the employment landscape. Here are things to know before you file your tax returns.

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.

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.

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.

Understanding the technicalities of the GameStop stock story

By now, you've heard about the GameStop stock story. We may not understand all the technicalities of it, but we do get that little investors have banded together to go up against big Wall Street guys to beat them at their own game. 

'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.

Anonymous GameStop investor uses profits to donate Nintendo Switches, games to Texas children's hospital

A GameStop investor used his profits to buy Nintendo Switches and games from nearby GameStop stores -- then donated them all to a Texas children's hospital so each pediatric unit could get its own game console.

Democrats move forward with Biden's COVID-19 relief bill

President Joe Biden told Senate Democrats on a private call Tuesday that a Republican alternative to his $1.9 trillion COVID rescue plan is insufficient as he urged lawmakers to boldly and swiftly confront the coronavirus pandemic and economic crisis.

Some Redditors call #silversqueeze campaign a 'trap,' claim hedge funds behind surge

The rush into silver futures Monday created confusion amid Wall Street chaos, with some retail traders on Reddit calling the surge in commodity prices a “false flag.”