Business News

• As millions work from home, some online buyers see shortages, price jumps in at-home tech April 5, 2020
  iStock(NEW YORK) -- With millions of Americans urged to work from home to further prevent the spread of the novel coronavirus, many are dependent on at-home tech devices more so now than ever.That's getting harder, and more expensive, with a sudden in crush in demand for screens, batteries, USB headsets, webcams or laptop docks online. […]
• Experts warn about big dollar fraud in $2.2 trillion coronavirus relief package April 4, 2020
  piranka/iStock(NEW YORK) --The U.S. government’s historic $2.2 trillion coronavirus aid relief package recently approved by Congress is highly vulnerable to fraud and abuse, oversight experts and veteran watchdogs who investigated abuse of the government’s financial system bailout more than a decade ago told ABC News. The size of the unprecedented relief package – in the scale of […]
• Hobby Lobby closes its stores after defying coronavirus stay-at-home orders April 4, 2020
  dbdurden/iStock(NEW YORK) -- Hobby Lobby finally closed all of its stores in the U.S. after the craft supplies company received backlash for staying open in at least one state amid the novel coronavirus pandemic. Nearly all of the store employees will be furloughed, as well as a large portion of corporate and distribution employees, according to a statement from […]
• 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 […]