Financial related news.
People who rent have largely been able to survive the initial months of the pandemic helped by unemployment and federal relief checks. But the extra $600 in unemployment benefits ceases at the end of July and local eviction moratoriums are expiring. There is no agreement between the White House and Congress on a second federal [...]
The number of high school seniors applying for federal college aid plunged in the weeks following the sudden closure of school buildings this spring — a time when students were cut off from school counselors, and families hit with financial setbacks were reconsidering plans for higher education. In the first weeks of the pandemic, the [...]
WASHINGTON — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set up specifically for small and [...]
ORLANDO, Fla. (AP) — Hotel owner and developer Danny Gaekwad survived steep drops in business after the 9/11 attacks and the recession of the late 2000s, but nothing prepared him for the revenue tailspin that followed lockdowns and travel restrictions in March to stop the spread of the new coronavirus. At one hotel, a Holiday [...]
BOISE, Idaho (AP) — Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the country, and now the IRS is asking state officials to help claw back the cash that the federal tax agency says was mistakenly sent. The legislation authorizing the payments during the pandemic doesn't [...]
LOS ANGELES — The reopening of businesses shut due to the coronavirus pandemic is fueling optimism on Wall Street that the U.S. economy is on the path to recovering from a steep recession. How quickly that recovery happens hinges on the outbreak subsiding and on Americans feeling confident and safe enough to return to their [...]
Like cars, relationships and health, personal finance needs maintenance. Routine care now helps you in the future and alerts you to problems. But check-ins can be easy to blow off, particularly if everything seems to be running smoothly. "Comfortable might not be the best thing," says certified financial planner Lazetta Rainey Braxton. You can feel [...]
ALLENTOWN, Pa. (AP) — Unfilled potholes, uncollected trash, un-mowed grass and, most significantly, fewer police on the street are some of what Allentown says it's contemplating unless Washington helps it plug a multimillion-dollar budget hole left by the coronavirus pandemic. Pennsylvania's third-largest city, with a population of over 120,000, Allentown has largely fended for itself [...]
Just because stocks have scrambled nearly all the way back to their record heights doesn't necessarily mean the market is in the clear. Stocks have a long history of making big gains within long-term down markets, only for the bottom to give out again. Such mini-, ultimately futile rallies were regular occurrences during the Great [...]
To spur car sales amid the coronavirus pandemic, nearly every automaker has introduced 0 percent financing. Getting a 0 percent car loan can be a smart way to finance a new car. Edmunds data shows that 26 percent of vehicle loans in April took advantage of 0 percent financing. Additionally, an interesting trend emerged from [...]