Unemployment claims jump to 853,000 amid resurgence of COVID-19

The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.

Schumer renews push for Biden to bypass Congress and cancel $50,000 in student loan debt

Senate Minority Leader Chuck Schumer reiterated his call for President-elect Joe Biden to bypass Congress and cancel billions of dollars in student loan debt during his first day in office.

JC Penney exits bankruptcy after sale is approved

Plano-based JC Penney officially exited bankruptcy protection following its sale to shopping mall operator Simon Property Group and Brookfield Capital Partners.

US economy will return to pre-pandemic levels by second-half of 2021, experts predict

The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.

Amazon, YETI team up with joint lawsuit against alleged counterfeiters

Amazon and YETI are teaming up against alleged counterfeiters with a joint lawsuit filed in the United States District Court for the Western District of Washington.

Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

Work in paradise: Hawaii offering incentives to remote workers who move to state

Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.

North Texans were out and about for Black Friday shopping

Pre-dawn on Black Friday 2020, the line outside a Dallas Best Buy store started forming not long after Thanksgiving dinner.

Amazon hiring spree adds 1,400 workers per day

Amazon has hired more than 400,000 people globally since January, amounting to more than 1,000 new hires per day, the company confirmed to FOX Business.

Black Friday crowds thin amid surging COVID-19 pandemic as retailers push online sales

In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times.

US economy sprints toward normal in 2021 but with coronavirus scars

With the help of COVID-19 vaccines and, possibly, more government relief, the U.S. economy may return to normal by the second half of next year.

Dow crests 30,000 points on vaccine hopes, Biden transition

The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

UK signs trade deal with Canada to prepare for Brexit

The U.K. has signed an interim trade deal with Canada to give the government more time to negotiate future trading rules as it prepares the country for business life outside the European Union.

Report: 12M Americans to lose jobless benefits day after Christmas

According to findings by The Century Foundation, a policy research institute, 12 million workers will be on one of two main CARES Act programs — Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) — when funding expires on Dec. 26.

Unemployment claims increase to 742,000 as COVID-19 cases surge

The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.