JCPenney files for bankruptcy as coronavirus pushes retailer over edge
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
Auto workers' tenuous return a ray of hope in jobs crisis
About 133,000 U.S. workers — just over half of the industry’s workforce before the pandemic — are expected to pour back into auto plants that will open in the coming week, according to estimates by The Associated Press.
About 133,000 U.S. workers — just over half of the industry’s workforce before the pandemic — are expected to pour back into auto plants that will open in the coming week, according to estimates by The Associated Press.
Stocks rally but not enough to erase weekly losses
The Dow Jones Industrial Average climbed 60 points, or 0.25 percent, while the S&P 500 and the Nasdaq Composite rose 0.39 percent 0.79 percent, respectively.
The Dow Jones Industrial Average climbed 60 points, or 0.25 percent, while the S&P 500 and the Nasdaq Composite rose 0.39 percent 0.79 percent, respectively.
US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
Will you get a second coronavirus stimulus check? Everything we know so far
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
3 million more US layoffs intensify fears of lasting damage
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
Stocks jump on banking M&A talk, coronavirus vaccine progress
U.S. equity markets curbed losses and finished at session highs as financials led on renewed M&A speculation and comments from President Trump signaled the U.S. could have a coronavirus vaccine by year-end.
U.S. equity markets curbed losses and finished at session highs as financials led on renewed M&A speculation and comments from President Trump signaled the U.S. could have a coronavirus vaccine by year-end.
How to get a refund or credit on your car insurance if you’re driving less amid COVID-19 pandemic
Many major auto insurance companies in the U.S. are offering policyholders some sort of refund or credits.
Many major auto insurance companies in the U.S. are offering policyholders some sort of refund or credits.
New graduates scramble to find work amid COVID-19's job drought
LinkedIn analysis revealed the hiring rate plummeted more than 20 percent in April from an already depressed level in March.
LinkedIn analysis revealed the hiring rate plummeted more than 20 percent in April from an already depressed level in March.
Dow falls 457 points amid fears of coronavirus second wave
U.S. equity markets slid Tuesday as members of President Trump's task force on the coronavirus testified before Congress signaling that virus risks remain as states reopen for business. Additionally, the CDC disclosed fresh data that showed an uptick in U.S. cases of the virus.
U.S. equity markets slid Tuesday as members of President Trump's task force on the coronavirus testified before Congress signaling that virus risks remain as states reopen for business. Additionally, the CDC disclosed fresh data that showed an uptick in U.S. cases of the virus.
Stocks slide as Powell says Fed fighting worst slump since WWII
U.S. stock markets tumbled Wednesday after Federal Reserve Chairman Jerome Powell said the central bank will take further steps to combat the worst downturn since World War II.
U.S. stock markets tumbled Wednesday after Federal Reserve Chairman Jerome Powell said the central bank will take further steps to combat the worst downturn since World War II.
Powell warns of a possible sustained recession from pandemic
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Grocery store prices rose last month amid COVID-19 pandemic
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.
If your unemployment debit card hasn't arrived report it lost
Your questions about unemployment benefits keep rolling in. It’s frustrating; we get it. FOX 5's Dana Fowle can’t answer everything, but she's trying to chip away at as many of these as she possibly can without being able to actually see your files.
Your questions about unemployment benefits keep rolling in. It’s frustrating; we get it. FOX 5's Dana Fowle can’t answer everything, but she's trying to chip away at as many of these as she possibly can without being able to actually see your files.
White House explores $5,000 coronavirus stimulus check in exchange for delayed Social Security benefits
Typically, the earliest Americans can start collecting Social Security benefits is at 62
Typically, the earliest Americans can start collecting Social Security benefits is at 62
Nasdaq leads charge as more states ease lockdowns
U.S. equity markets gained Monday despite concerns U.S. states are reopening too quickly after an uptick in COVID-19 cases in Asia.
U.S. equity markets gained Monday despite concerns U.S. states are reopening too quickly after an uptick in COVID-19 cases in Asia.
Receiving extra coronavirus unemployment benefits? How to avoid a big tax hit
The benefits are taxable at the federal level and by most states.
The benefits are taxable at the federal level and by most states.
Waiting for coronavirus stimulus check? Direct deposit information is due Wednesday, IRS says
If taxpayers don't provide their direct deposit information by noon on May 13, they'll have to wait to receive their payment by mail.
If taxpayers don't provide their direct deposit information by noon on May 13, they'll have to wait to receive their payment by mail.
Restaurants start to feel the percentage cuts taken by third party delivery services
A post from a Chicago food truck owner has gone viral. It shows the breakdown of his cut from delivery service Grub Hub.
A post from a Chicago food truck owner has gone viral. It shows the breakdown of his cut from delivery service Grub Hub.
Stocks surge as economic recovery hopes put record unemployment in the rearview mirror
The Dow Jones Industrial Average gained over 455 points, or 1.91 percent, while the S&P 500 and the Nasdaq Composite rose 1.69 percent and 1.58 percent, respectively.
The Dow Jones Industrial Average gained over 455 points, or 1.91 percent, while the S&P 500 and the Nasdaq Composite rose 1.69 percent and 1.58 percent, respectively.