Money & The Economy
News on Finance, Money, markets and the economy
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Dow Jones Stock Market Index Hits All-Time High, Surpasses 30,000
The Dow Jones Industrial Average surged more than 400 points Tuesday morning surpassing 30,000 for the first time in the…
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New Unemployment Claims Increase To 742,000, Missing Expectations
The number of Americans filing new unemployment claims increased to 742,000 last week as the economy continued to suffer the…
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Labor Arbitrator Orders NYC Hotels To Pay $500 Million To Employees Affected By Pandemic
New York City hotel owners were ordered to pay employees affected by the coronavirus pandemic more than $500 million in…
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US, Global Markets Surge Following Latest Vaccine News
U.S. and global markets surged Monday morning after American pharmaceutical company Moderna reported positive results from its large-scale coronavirus vaccine trials.…
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Biden Is Wrong: A $15 Minimum Wage Would Hurt Far More People Than It Would Help
Presidential nominee Joe Biden wants to raise the minimum wage to $15 per hour. Biden says that all workers should be able to earn…
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New Unemployment Claims Fall To 709,000, Beating Expectations
The number of Americans filing new unemployment claims decreased to 709,000 last week as the economy continued to suffer the…
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Department of Defense Announces Cost of Living Increase to Retired Pay
Today, the Department of Defense announced annual cost of living adjustments that will benefit military retirees and survivors during calendar…
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Stocks Skyrocket Amid Potential COVID-19 Vaccine News
U.S. stocks have skyrocketed as pharmaceutical company Pfizer announced that its potential coronavirus vaccine was 90% effective Monday. The Dow…
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September jobs numbers point to a flattening V-shaped recovery
According to the US Labor Department, the economy added another 638,000 jobs in October. While this number is less than prior…
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US Economy Added 638,000 Jobs In October, More Than Expected
The U.S. economy added 638,000 jobs in October, while unemployment fell to 6.9%, according to Department of Labor data released…
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California Voters Side With Uber, Lyft Over Unions In Ballot Initiative
Californians voted in favor of Proposition 22, a ballot initiative that exempts app-based drivers from a state law, which classified…
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New Unemployment Claims Miss Expectations, Stay Unchanged
The number of Americans filing new unemployment claims came in at 751,000 last week as the economy continues to suffer…
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Friendly’s Files For Bankruptcy Again, Says Pandemic Hurt Recovery Efforts
Friendly’s declared bankruptcy for the second time over the weekend, saying the pandemic hindered its recovery efforts, according to Restaurant…
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Third-quarter GDP growth confirms super V-shaped recovery
The US Department of Commerce just announced that real GDP grew at an annual rate of more than 33% in the third…
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US Economy Surges At Record Rate, GDP Grows 33.1%
The U.S. economy grew by a record 33.1% in the third quarter of 2020, as employers continue to restore jobs…
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