Jobless claims jump to 965,000 as COVID-19 pandemic takes toll

The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.

Biden eyes child tax credit expansion among stimulus measures: Report

President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.

$750M: Mega Millions jackpot rises to its 2nd highest ever; Powerball drawing Wednesday

The Powerball and Mega Millions lotteries each draw new numbers twice a week at 11 p.m. ET. Powerball numbers are drawn on Wednesdays and Saturdays while Mega Millions numbers are chosen on Tuesdays and Fridays.

Stock market continues its record rise – here’s why

Jeff Rose, a certified financial planner, explains the three economic indicators that can point to future changes in the economy.

Schumer pledges quick delivery of $2,000 stimulus checks: 'We will get that done'

Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.

How putting Cuba on list of state-sponsored terrorism could hurt Tampa's economy

In the final days of the Trump administration, the U.S. State Department put Cuba on the list of state-sponsored terrorism, which could slow future Cuban trade and tourism, especially for Tampa, the closest major port to Havana.

Unemployment continues to hurt low-income workers amid pandemic

Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.

Biden plans to extend student loan payment pause ‘on day one,’ supports forgiving $10K in debt

President-elect Joe Biden’s transition team said he plans to extend a suspension of student loan payments due to financial hardships posed by the COVID-19 pandemic on “day one,” and he also favors forgiving $10,000 in student loan debt.

US lost 140,000 jobs in December; first monthly loss since spring

U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.

Online glitches, new distribution methods could be why you haven't received your second stimulus check

While the IRS and Treasury have distributed the bulk of the anticipated $164 million in second-round of relief payments for Americans faster than the first time, millions have not gotten payments yet or found hiccups in the distribution.

US trade deficit widens to $68.1 billion in November

The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion.

Jobless claims slip to still-high 787,000 in the US

The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.

Powerball $470M jackpot goes unclaimed as Mega Millions surges to $490M

Mega Millions Drawings are held every Tuesday and Friday at 11 p.m. ET in Atlanta. Identically, Powerball drawings take place in Atlanta at 11 p.m. every Wednesday and Saturday.

Parents could get up to $1,100 in stimulus money per child born in 2020

Parents who had one or more children born in 2020 could receive up to $1,100 in extra stimulus money per child, according to IRS guidelines.

Mega Millions, Powerball jackpots are above $400 million each

Both the Mega Millions and Powerball jackpots have soared to more than $400 million each, with drawings to be held Tuesday and Wednesday.