Landlords, lenders brace for nationwide rent strike
It’s the first of the month and the rent is due. But, tenants in the nation’s biggest cities are striking because they simply can’t afford to pay the rent, as many have been left without jobs due to economic fallout from the coronavirus pandemic.
It’s the first of the month and the rent is due. But, tenants in the nation’s biggest cities are striking because they simply can’t afford to pay the rent, as many have been left without jobs due to economic fallout from the coronavirus pandemic.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
People, businesses struggling to survive due to failing economy during COVID-19 crisis
Economists like to talk about numbers, but behind the numbers are people.
Economists like to talk about numbers, but behind the numbers are people.
Many laid-off US workers due to coronavirus might make more money with unemployment benefits
Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.
Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
US unemployment claims surge by another 4.4 million
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
People missing out on stimulus checks because spouses are immigrants
Roughly 1.2 million U.S. citizens did not receive stimulus checks because they are married to immigrants who don’t have social security numbers and joint-filed their taxes.
Roughly 1.2 million U.S. citizens did not receive stimulus checks because they are married to immigrants who don’t have social security numbers and joint-filed their taxes.
Oil price goes negative as demand collapses; stocks dip
The price for oil plummeted to negative $3.70 per barrel, as of 2:15 p.m. Eastern time.
The price for oil plummeted to negative $3.70 per barrel, as of 2:15 p.m. Eastern time.
USDA announces $19 billion Coronavirus Food Assistance Program to support food producers
Farmers, ranchers and producers would receive $16 billion in direct payments from the program, while $3 billion would be dedicated to the purchase of food products to be distributed to Americans in need.
Farmers, ranchers and producers would receive $16 billion in direct payments from the program, while $3 billion would be dedicated to the purchase of food products to be distributed to Americans in need.
Reopening US could require thousands more public health workers
Without the extra help, officials insist, states cannot possibly be ready to resume normal everyday activities.
Without the extra help, officials insist, states cannot possibly be ready to resume normal everyday activities.
California lawmakers to hold oversight hearing on Gov. Newsom's spending amid coronavirus crisis
California lawmakers will hold their first oversight hearing to examine how Gov. Gavin Newsom has spent more than $2 billion in taxpayer money in just one month to combat the coronavirus crisis.
California lawmakers will hold their first oversight hearing to examine how Gov. Gavin Newsom has spent more than $2 billion in taxpayer money in just one month to combat the coronavirus crisis.
Unemployment claims jumped by 5.25M last week as coronavirus job carnage continues
The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.
The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.
Online banking outages reported on same day millions of Americans receive stimulus payment
Many users on Twitter reported having trouble accessing their online bank accounts on the same day that millions of Americans were expected to receive stimulus money.
Many users on Twitter reported having trouble accessing their online bank accounts on the same day that millions of Americans were expected to receive stimulus money.
Didn't get your stimulus check? IRS launches tracking tool
The IRS has launched a tracking tool to allow taxpayers a way to see when their stimulus money will arrive and confirm how they want to be paid.
The IRS has launched a tracking tool to allow taxpayers a way to see when their stimulus money will arrive and confirm how they want to be paid.
Millions of Americans to receive stimulus checks Wednesday
Most Americans can expect to see a payment of $1,200 and up -- but experts say we're more likely to fall victim to scammers trying to steal our money.
Most Americans can expect to see a payment of $1,200 and up -- but experts say we're more likely to fall victim to scammers trying to steal our money.
Commerce locks up and retail sales plunge unprecedented 8.7%
U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.
U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.
Applicants frustrated with Angeleno pre-paid debit cards
Anika Reitman is a 29-year-old Angeleno looking for help. Normally she would not be in this kind of position, but of course, these are not normal times.
Anika Reitman is a 29-year-old Angeleno looking for help. Normally she would not be in this kind of position, but of course, these are not normal times.
Dow jumps 558+ points, Nasdaq exits bear market as coronavirus concerns ease
The Dow Jones Industrial Average gained 421 points, or 1.8 percent, in the opening minutes of trading.
The Dow Jones Industrial Average gained 421 points, or 1.8 percent, in the opening minutes of trading.
Trump reverses course on power to 'reopen' states amid virus
Democratic and Republican governors sounded alarm about a federal power grab a day after Trump asserted he had the ultimate say on when and how to reopen the economy.
Democratic and Republican governors sounded alarm about a federal power grab a day after Trump asserted he had the ultimate say on when and how to reopen the economy.
UCLA report: Many in Latino neighborhoods ineligible for CARES Act funds
Many people living in Los Angeles County neighborhoods with a majority of Latino residents may not receive federal relief funds to ease the effects of the coronavirus pandemic, according to a UCLA report released Tuesday.
Many people living in Los Angeles County neighborhoods with a majority of Latino residents may not receive federal relief funds to ease the effects of the coronavirus pandemic, according to a UCLA report released Tuesday.