Financial related news.
WASHINGTON — With winter looming and confirmed viral cases rising, Bob Szuter's craft brewery and restaurant in Columbus could use another government lifeline to help survive until spring. So could many restaurants and bars that buy his beer. Szuter knows of nearly 20 in the region that have folded, with many others "limping along." As [...]
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the nation’s economy grew at a "slight to modest" pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic. The Fed report made public Wednesday said that the pace of activity [...]
For the first time in nearly 50 years, older workers face higher unemployment than their midcareer worker counterparts, according to a study released by the New School, a private research university in New York City. The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its course, workers [...]
The pandemic seems to be driving a surge of early retirements as businesses close or downsize and older people weigh the health risks of continuing to work. The share of unemployed people not looking for work who called themselves "retired" increased to 60 percent in April from 53 percent in January, according to a study [...]
NEW YORK (AP) — Americans who own stocks are pulling further away from those who don't, as Wall Street roars back to record heights while much of the economy struggles. Black households are much more likely to be in that not-as-fortunate group that isn't in the stock market. Only 33.5 percent of black households owned [...]
Entry-level jobs are scarce for recent college graduates, which leaves the Class of 2020 in a precarious position as their student loan debt comes due. Taylor Cabrera has been job-hunting for months since graduating from the University of Mississippi last spring with dual bachelor's degrees in biology and physics, and has moved in with family [...]
Interest in sustainable investing is soaring, as more people become convinced that making a positive impact can be profitable as well as good for the planet and society. Unfortunately, the Labor Department doesn't think these investments belong in your 401(k). In June, the federal regulator proposed a rule that would restrict workplace retirement plans from [...]
In a year that has thrown a pandemic, natural disasters and economic calamity at us while we lurch closer to a presidential election, stability can feel elusive. No matter how well laid your plans, some new crisis might be lurking around the corner, waiting to upend your life. While it's never been more clear how [...]
WASHINGTON (AP) — This spring, Magdalena Valiente was expecting her best year as a Florida-based concert promoter. Now, she wonders if the career she built over three decades is over. Back in March, Valiente had been planning five tours for Latin Grammy winners Fonseca and Andrés Cepeda and more than 20 for Miami Latin pop [...]
PHOENIX (AP) — The coronavirus pandemic stopped work for nearly a month at the California farm where Luis earns $80 a day picking tomatoes, but that didn't stop him from sending $800 to family in Mexico. The money had traveled far by the time he was back at work in June. It kept his family [...]