Budget deficit to hit record $3.3T due to virus, recession
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to…
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Budget deficit to hit record $3.3 trillion due to virus, recession
WASHINGTON — The federal budget deficit is projected to hit a record $3.3 trillion due to COVID-19 costs and the recession, the Congressional Budget Office…
Fed survey finds widespread pessimism about economic future
WASHINGTON — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the…
Macy’s posts $431 million loss as sales drop 36%
NEW YORK (AP) — Macy’s got more people to shop on its website and app, but it wasn’t enough to make up for plummeting sales…
Michael Jordan gets stake in DraftKings for advisory role
SILVER SPRING, Md. — DraftKings shares jumped in midday trading after announcing that basketball legend Michael Jordan would take an ownership stake in the company…
United plans to furlough 16,000 workers, fewer than expected
United Airlines said today it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early…
Ford cutting 1,400 US salaried jobs with retirement offers
DEARBORN, Mich. — Ford Motor Co. will offer early retirement incentives with hopes of cutting its U.S. white-collar workforce by 1,400 more positions. Kumar Galhotra,…
Survey: US companies added just 428,000 jobs last month
WASHINGTON (AP) — U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is…
Should students gamble on an income share agreement?
Students watching the COVID-19 pandemic play out have reason to be wary of taking on additional loans for college. With what could be a slow…
Survey: US companies added just 428,000 jobs last month
WASHINGTON — U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is only…