Lowe's announces another $80M in employee bonuses, will hire more than 50,000 workers

Lowe's announced that it will reward all of its full-time hourly employees with $300 bonuses for their work during the COVID-19 pandemic, while part-time employees will get $150. The company also plans to hire 50,000 more workers for the spring.

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.

Gamestop stock becomes Wall Street battleground

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.

Biden signs executive order for government to buy more US goods

President Joe Biden signed on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.

Winning $1 billion Mega Millions ticket sold at Michigan grocery store

A Michigander is the lucky winner of the third-largest lottery prize in U.S. history after buying the ticket at a grocery store in a suburb of Detroit.

Unemployment claims fall to a still-high 900,000

Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.

Powerball jackpot winning ticket worth $731.1 Million sold in Maryland

A single Powerball ticket sold in Maryland is the winner of an estimated $731.1 million jackpot, the first to get the top prize in months.

Wall Street stocks rally to records on Inauguration Day 2021

U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.

$15 an hour minimum wage: Biden pushes for urgent increase amid COVID-19 pandemic

During his announcement of the “American Rescue Plan,” President-elect Joe Biden pushed for the minimum wage in the United States to be raised to at least $15 an hour.

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.

$2,000 checks: Biden to release stimulus package plan

On Monday, Biden maintained that getting money into the hands of Americans is a top priority when he takes office.

$900,000-plus Mega Millions lottery ticket sold at Burbank liquor store

A ticket with five numbers, but missing the Mega number, in Tuesday's drawing of the multi-state Mega Millions lottery was sold at a liquor store in Burbank.

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.

Powerball, Mega Millions combined jackpots rise to more than $1 billion

After a long stretch of relatively paltry prizes, U.S. lottery players now have a choice of games that offer combined jackpots of more than $1 billion.

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.