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Economy

Unemployment claims jump to 744,000 as layoffs persist amid pandemic

Unemployment claims jump to 744,000 as layoffs persist amid pandemic

The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.

3 days ago
Michigan gas prices decrease slightly after hitting 2019-high

Michigan gas prices decrease slightly after hitting 2019-high

Michigan gas prices hit a 2019-high last week due to a downturn in stocks.

6 days ago
Hiring ramps up as US adds 916K jobs in March

Hiring ramps up as US adds 916K jobs in March

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold.

April 2
Despite pandemic, study shows Americans optimistic about job market

Despite pandemic, study shows Americans optimistic about job market

"It is surprising, especially when one in three reports of the pandemic that we went through knocked them off course in their careers," he said.

March 30
Rich Americans shirk tax obligations as IRS collection efforts fall short, report finds

Rich Americans shirk tax obligations as IRS collection efforts fall short, report finds

A group of wealthy taxpayers with an average AGI of more than $1.5 million owed more than $2.4 billion, a report showed.

March 17
House passes $1.9 trillion COVID-19 relief bill, Biden expected to sign on Friday

House passes $1.9 trillion COVID-19 relief bill, Biden expected to sign on Friday

The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.

March 10
COVID-19 relief bill: Democrats strike deal on jobless benefits after logjam

COVID-19 relief bill: Democrats strike deal on jobless benefits after logjam

Senate leaders and moderate Democratic Sen. Joe Manchin have struck a deal over emergency jobless benefits, breaking a nine-hour logjam that had stalled the party’s showpiece $1.9 trillion COVID-19 relief bill.

March 5
In hopeful sign for economy, US adds 379,000 jobs in February

In hopeful sign for economy, US adds 379,000 jobs in February

U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.

March 5
'Tax-time surprise': COVID-19 unemployment benefits lead to higher tax bill for unsuspecting filers

'Tax-time surprise': COVID-19 unemployment benefits lead to higher tax bill for unsuspecting filers

As tax season is in full swing, many Americans are being hit with another financial burden as the COVID-19 pandemic carries on - learning they owe taxes on unemployment benefits.

March 3
House passes $1.9 trillion relief bill, Senate expected to vote next week

House passes $1.9 trillion relief bill, Senate expected to vote next week

Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Friday.

February 27
Pay raise for 85,000 Michigan nursing home staff threatened by Whitmer-GOP standstill

Pay raise for 85,000 Michigan nursing home staff threatened by Whitmer-GOP standstill

Disability advocates are sounding the alarm about potential wage cuts to tens of thousands of direct care workers if disagreements between the governor and the Republican-led legislature over COVID-19 relief aren't resolved.

February 26
Republicans rally solidly against Democrats' COVID-19 relief package

Republicans rally solidly against Democrats' COVID-19 relief package

Republicans are rallying solidly against Democrats’ proposed $1.9 trillion COVID-19 relief bill.

February 25
AOC pushes back after Biden dismisses progressives' plan to cancel $50,000 in student loan debt

AOC pushes back after Biden dismisses progressives' plan to cancel $50,000 in student loan debt

Rep. Alexandria Ocasio-Cortez criticized President Biden after he shot down a proposal from progressive Democrats to eliminate $50,000 in student loan debt, saying the president's arguments against acting unilaterally on the matter "just don't hold water."

February 17
Did you get the right stimulus check amount? Why you need to know before filing your tax return

Did you get the right stimulus check amount? Why you need to know before filing your tax return

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway.

February 14
House panel advances partial COVID-19 relief bill including $1,400 stimulus checks

House panel advances partial COVID-19 relief bill including $1,400 stimulus checks

The panel on Thursday evening approved its $940 billion piece of Biden's proposal on a 25-18 party-line vote

February 12
House passes budget resolution for $1.9T coronavirus relief after Senate's marathon session

House passes budget resolution for $1.9T coronavirus relief after Senate's marathon session

The vote was 219-209 to adopt the budget framework that the Senate approved early Friday morning thanks to a tie-breaking vote cast by Vice President Kamala Harris. 

February 6
Employers added 49K jobs last month as US unemployment fell to 6.3%

Employers added 49K jobs last month as US unemployment fell to 6.3%

U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.

February 5
Democrats urge Biden to cancel up to $50k in student loan debt by executive action

Democrats urge Biden to cancel up to $50k in student loan debt by executive action

The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.

February 4
Amid GameStop and AMC frenzy, Citron Research discontinues reports on short selling

Amid GameStop and AMC frenzy, Citron Research discontinues reports on short selling

The investment firm Citron Research has discontinued its practice of providing reports on short selling. Here’s what that means.

January 29
Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy

Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy

Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.

January 29
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Brother of man killed in shootout with Detroit police says family wants justice

Brother of man killed in shootout with Detroit police says family wants justice

Police: Clarkston man caught pleasuring self with Elmo doll during home inspection

Police: Clarkston man caught pleasuring self with Elmo doll during home inspection

Rep. Jewell Jones arrested, home inspector accused of pleasuring self with Elmo toy, baby rescued from woods

Rep. Jewell Jones arrested, home inspector accused of pleasuring self with Elmo toy, baby rescued from woods

‘This is a simple story about love’: Couple makes mobile bed to take elderly dog on walks in final months

‘This is a simple story about love’: Couple makes mobile bed to take elderly dog on walks in final months

Chief Craig calls judge a coward for compassionate release of accused cop killer

Chief Craig calls judge a coward for compassionate release of accused cop killer

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3 children, aged 3, 2 and 6 months, stabbed to death in Reseda, their mother in custody

3 children, aged 3, 2 and 6 months, stabbed to death in Reseda, their mother in custody

Crime Stoppers: Miracle Murray

Crime Stoppers: Miracle Murray

Sisters seek help after car crashes into their home

Sisters seek help after car crashes into their home

Samaritan Center clinic hopes to bridge vaccine gap in Detroit

Samaritan Center clinic hopes to bridge vaccine gap in Detroit

Rep Debbie Dingell becomes a restaurant server for an hour to highlight the 'Raise the wage Act.'

Rep Debbie Dingell becomes a restaurant server for an hour to highlight the 'Raise the wage Act.'

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