Unemployment claims fall to 787,000; layoffs still high
The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.
Quibi is shutting down, citing low subscriptions amid COVID-19 pandemic
A short six months after promising to revolutionize video viewing, short-form streaming service Quibi raised a white flag Wednesday and announced it was shutting down.
Houston City Council increases property tax bills despite lower rate
Mayor Sylvester Turner warned that the year-over-year net increase in the property tax bills paid by Houstonians is necessary to prevent service reductions and lay-offs.
Donut shop providing Houston ISD students with free access laptops, Wi-Fi
As some Houston ISD schools go back to virtual learning because of COVID-19 positive or presumed cases, a local business is stepping up to help students.
Coronavirus relief talks crawl ahead; McConnell is resistant
President Donald Trump’s most powerful Senate ally is pressing the White House not to move ahead on a coronavirus pandemic relief package.
Study: Older workers face greater unemployment amid COVID-19 pandemic
The study released Tuesday from researchers with the New School university in New York City found that workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.
Small businesses come up with unique solutions to improve cash flow during pandemic
Small business owners are coming up with creative ways to keep cash flowing during the pandemic.
China's economy accelerates as coronavirus recovery gains strength
China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.
Even with COVID-19 coverage safety net, recovered patients hit with hefty hospital bills
COVID-19 can do more than torment patients physically. It also clobbers some financially.
Layoffs remain elevated as 898,000 seek unemployment aid
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
Wells Fargo fires over 100 employees over improperly obtained COVID-19 aid money
According to an internal memo from the company, Wells Fargo employees allegedly “defrauded the U.S. Small Business Administration (SBA)” in order to obtain coronavirus relief funds.
New survey shows how Texans have been affected by the COVID-19 pandemic
Half of Texans have experienced financial hardship, through lost jobs or added expenses, hitting poor and uninsured households the worst.
Mitch McConnell slates October revote on GOP COVID-19 relief plan
Senate Majority Leader Mitch McConnell says that he’s scheduling a procedural vote on a GOP COVID-19 relief bill for next week.
Domino’s Supply Chain Center in Katy now hiring
The supply chain center will hire nearly 100 workers in the new facility set to open in Dec. 2020.
Social Security checks will increase 1.3% in 2021
Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people.
Amazon Prime Day prompts competition for the unofficial start to holiday shopping
The annual sale is usually a summer thing, but the pandemic left Amazon too busy to offer it, until now.
H&M to close 350 stores in 2021, citing increase in online shopping
Citing an increase in online shopping because of the coronavirus pandemic, H&M will close 250 stores in 2021.
Seniors for Biden increase, citing Trump's handling of COVID-19 pandemic
Aides say President Donald Trump's campaign has seen an alarming drop in support among older adults in its internal research.
Biden hits Trump on economic fallout amid COVID-19 pandemic in critical Pennsylvania county
Democratic presidential candidate Joe Biden is blistering President Donald Trump as only pretending to care about the working-class voters who helped flip the Rust Belt to the Republican column four years ago.
'One step forward, two steps back': Pelosi dismisses latest White House COVID-19 aid offer
House Speaker Nancy Pelosi is dismissing the latest White House offer in COVID-19 aid talks as “one step forward, two steps back.”