Business News

• Coronavirus economic updates: US cuts 701K jobs in March, unemployment rate jumps to 4.4% April 3, 2020
  Gwengoat/iStock(WASHINGTON) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling. Here's the latest news on how the COVID-19 crisis is affecting the economy: Markets close out another volatile week The Dow Jones Industrial Average fell more than 350 points […]
• What to know about hazard pay if you're working during coronavirus crisis April 3, 2020
  Kameleon007/iStock(NEW YORK) -- As thousands of grocery staffers, delivery workers and other "essential" employees still head to work amid the novel coronavirus pandemic, recent searches for "hazard pay" have skyrocketed, according to Google data.The once narrowly used labor term that has been thrust into the spotlight in recent weeks is defined as "additional pay for […]
• Here are three ways to save money amid coronavirus April 3, 2020
  Kritchanut/iStock(NEW YORK) -- As many Americans increasingly find themselves out of work and filing for unemployment amid the coronavirus pandemic, many have to find extra funds. ABC News Technology and Consumer correspondent Becky Worley shared her tips for finding a few extra dollars during these uncertain times.Subscription scrubGet your credit card statement and pull out […]
• Millions of Americans could wait months for mailed stimulus checks, IRS tells Dems April 3, 2020
  Pineapple Studio/iStock(WASHINGTON) -- Millions of Americans could wait months for stimulus checks from the federal government, according to a House Democratic memo obtained by ABC News.With millions of Americans unemployed in the midst of the coronavirus outbreak, the extended timeline for the delivery of paper checks could spell trouble for some eligible Americans.On Thursday, Treasury […]
• What to know about applying for unemployment insurance during coronavirus crisis April 3, 2020
  glegorly/iStock(NEW YORK) -- The novel coronavirus pandemic has caused unemployment levels to skyrocket, delivering a massive blow to the U.S. economy as a whole and shuttering, at least temporarily, thousands of businesses across the country.A record-smashing 6.6 million people filed for unemployment in the week ending March 28 amid the pandemic, according to data released […]