COVID-19 and the Economy

The fast-approaching deadline, Nov. 21, is for those who have not yet received a $1,200 stimulus check but still may qualify.

The Dow Jones Industrial Average surged 1,500 points, or 5.4%, in early trading Monday and the S&P 500 jumped 3.7% after drugmaker Pfizer said early data show its coronavirus vaccine looks highly effective.

The United States has recorded more than 120,000 new confirmed COVID-19 cases on Saturday, breaking the previous single-day record, and the fourth consecutive day for new cases over 100,000, according to data from Johns Hopkins University.

After losing about 22 million jobs due to the pandemic, the economy picked up an additional 638,000 in October as the unemployment rate fell to 6.9%.

The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

Cruise lines are extending the suspension of U.S. sailing operations through the end of the year, just days after the U.S. government effectively lifted its no-sail order despite a global spike in coronavirus infections.

The Office of Small Business Administration (SBA) Inspector General Michael Ware found that it may have distributed billions of dollars to fraudulent businesses claiming financial distress due to the COVID-19 pandemic, according to a report.

The British government says a new national lockdown in England may have to last longer than the planned four weeks if coronavirus infection rates don’t fall quickly enough.

British Prime Minister Boris Johnson has announced that the government is putting all of England under a monthlong lockdown next week after being warned that a resurgent coronavirus outbreak will overwhelm hospitals in weeks without tough action.

Austria has announced a partial shutdown that will see restaurants and bars closed for four weeks, cultural, sports and leisure activities canceled, and residents asked to stay home after 8 p.m.

The push to hire temporary workers has begun in earnest this holiday season, in some cases weeks earlier than last year. But the pandemic has reshaped the kinds of jobs retailers are recruiting for.

According to Loanry's website, 225,000 couples are paying back loans for weddings that have not happened this year.

The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.

As winter encroaches, more than half of U.S. consumers are considering replenishing their assortment of goods and essential products that they had originally stockpiled during the onset of the coronavirus pandemic earlier this year, according to new research from data-driven technology-enabled services company Inmar Intelligence.

It’s alleged that Johnny Richardson and Micahia Taylor would post on Instagram pictures of the stuff they bought with stolen money. 

Delta says it has banned over 400 passengers from flying who refused to wear a mask.