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How Much Are Americans Willing To Spend This Holiday Shopping Season?

Fri, 11/27/2020 - 3:46pm

Black Friday traditionally marks one of the busiest shopping days of the year, and this year is no exception. The retailers are predicting a record-breaking holiday shopping season.

Unemployment Claims Jump For 2nd Week As Pandemic Rages

Wed, 11/25/2020 - 10:28am

Claims for state unemployment benefits again rose last week, signaling ongoing weakness in the job market as coronavirus infections continue to soar.

(Image credit: Joe Raedle/Getty Images)

Historic Milestone: Dow Surges Past 30,000 Points For 1st Time

Wed, 11/25/2020 - 5:03am

The Dow Jones Industrial Average and S&P 500 hit new highs Tuesday. But millions of Americans are out of work and COVID-19 cases are soaring, with no relief in sight. Why are investors optimistic?

Move Fast? Push For A Big Deal? Biden Faces Debate Over More COVID-19 Aid

Wed, 11/25/2020 - 5:00am

A question for Joe Biden and his team is whether they should be encouraging Democrats to move quickly, to deliver aid faster, even if that means accepting a smaller deal.

(Image credit: Joe Raedle/Getty Images)

The Dow Surpasses 30,000 For 1st Time Ever

Tue, 11/24/2020 - 3:57pm

The Dow Jones Industrial Average has surpassed the 30,000 mark. This year, stocks plunged after pandemic lockdowns but came back after drugmakers reported success in developing coronavirus vaccines.

With Less Money In Its Red Kettles, The Salvation Army Rallies To Save The Holidays

Tue, 11/24/2020 - 8:39am

With traffic down at stores and malls across the nation during the pandemic, the charity's iconic red-kettle campaign might bring in half the donations compared with last year.

(Image credit: Charles Rex Arbogast/AP)

Biden Vs. Biden On China

Tue, 11/24/2020 - 6:33am

In the early 2000s, Joe Biden helped bring China and America closer. Now, not so much.

(Image credit: Greg Baker/Pool/AFP via Getty Images)

President-Elect Joe Biden Calls For Another Round Of Economic Stimulus

Tue, 11/24/2020 - 5:08am

As vice president, Joe Biden played a key role in overseeing a major stimulus package. How does he see stimulus now, as president-elect, facing a pandemic?

Yellen Reportedly Tapped To Become Treasury Secretary

Mon, 11/23/2020 - 4:05pm

President-elect Joe Biden reportedly plans to nominate Janet Yellen to be Treasury secretary. She would be the first woman to hold the job if confirmed

Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment

Mon, 11/23/2020 - 4:01pm

Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.

(Image credit: Brendan Smialowski/AFP via Getty Images)

Fed, Treasury Department Split On When To Cut Off Pandemic Loan Programs

Fri, 11/20/2020 - 3:58pm

Treasury Secretary Steve Mnuchin wants to let the emergency loan programs expire at the end of the year. Federal Reserve Chair Jerome Powell says that's too soon.

'We Need To Build More Homes': Prices Soar Amid Housing Shortage

Thu, 11/19/2020 - 3:00pm

It's not only low interest rates pushing up prices to record highs. A historic lack of homes for sale is a big part of it too. And it's making homeownership unaffordable for too many people.

(Image credit: National Association of Realtors)

12 Million To Lose Jobless Benefits The Day After Christmas Unless Congress Acts

Thu, 11/19/2020 - 6:00am

If Congress doesn't compromise and pass another relief bill, a new study finds a staggering number of Americans will lose a critical financial lifeline as the pandemic worsens.

(Image credit: Todd Anderson)

Saudi Arabia Will Host Virtual G20 Summit This Weekend

Thu, 11/19/2020 - 5:06am

Leaders of the world's biggest economies will meet virtually — depriving Saudi leaders the chance to show off their country. It also might help them avoid attention on human rights violations.

Florida Looks At A Winter Without Canadians

Thu, 11/19/2020 - 5:01am

The coronavirus pandemic continues to rip across the U.S. killing many and infecting hundreds of thousands of people each week. It's also upending part-time residencies between Florida and Canada.

(Image credit: Rebecca Blackwell/AP)

12 Million People Could Lose Jobless Benefits After Christmas

Wed, 11/18/2020 - 5:05am

A new study finds that unless Congress breaks its impasse, millions of Americans will lose "life-saving" jobless benefits at the end of December, and that could spell financial ruin for many.

News Brief: Christopher Krebs, Pentagon Shake-Up, COVID-19 Jobless Benefits

Wed, 11/18/2020 - 5:05am

President Trump fires the nation's election security czar. A recent shake-up in Pentagon senior leadership raises many questions. Up to 12 million Americans could lose jobless benefits after Dec. 25.

Trump Launched A Trade War Against China. Don't Look To Biden To Reverse It

Wed, 11/18/2020 - 5:00am

The president-elect can undo many of Trump's tariffs with the stroke of a pen, but he's unlikely to do so now that the tenor of the U.S.-China relationship has changed.

(Image credit: Carolyn Kaster/AP)

Senate Blocks President Trump's Controversial Nominee To The Federal Reserve Board

Tue, 11/17/2020 - 5:45pm

The 47-50 vote came as Sens. Mitt Romney and Susan Collins sided with Democratic senators to preserve a filibuster of Judy Shelton's confirmation. Two other Republicans missed the vote.

(Image credit: J. Scott Applewhite/AP)

Shoppers Snap Up Electronics, Aren't Splurging Elsewhere

Tue, 11/17/2020 - 8:47am

Shoppers kept buying electronics and home improvement supplies, but sales overall rose only 0.3% in October.

(Image credit: Daniel Slim/AFP via Getty Images)