5 coronavirus lessons for anyone with a retirement fund
With the markets facing unprecedented changes, there is naturally a heavy focus on how retirement funds are being affected.
Front-line work during pandemic falls on women, minorities
While America contemplates getting back to business, the pandemic has taken its toll on workers who never stayed home.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Americans’ retirement accounts dropped during coronavirus — here’s how much the average account has now
Average IRA balance dropped 14% from last quarter.
State says it's provided benefits to more than a million unemployed Michigan workers
The state of Michigan says it has provided benefits to more than a million workers who have filed for unemployment benefits due to COVID-19
1 in 4 Americans have lost job because of coronavirus; most think they'll return to work
One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes
Michigan sets up mortgage relief program to give 3-month break from mortgage payments
Michigan Gov. Gretchen Whitmer announced the creation of the MiMortgage Relief Partnership to offer a 90-day grace period for all mortgage payments for homeowners in need of assistance.
Another 4.4 million workers applied for unemployment last week, roughly 26 million out of work
The nation's unemployment total rose to roughly 26 million as 4.4 million more Americans applied for benefits last week.
Wayne County projecting at least $152 million deficit due to COVID-19
Wayne County says it's measuring at least a $152 million deficit for the 2019-2020 fiscal year.
New program will pay up to $500 in utility costs for Michigan's essential workers
The Heat and Warm Fund has launched a utility relief program for essential workers that will pay up to $500 for residents that qualify.
Tech Town Detroit aiming new grant money at freelancers, home-based small businesses
Tech Town Detroit, designed to help tech startups and local businesses launch and grow, is helping where it can during the COVID-19 pandemic.
Shake Shack to return $10M small business loan
The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding.
Detroit Medical Center furloughs nearly 500 team members amid COVID-19 crisis
Detroit Medical Center announced Wednesday it would furlough 480 employees who are not responding to the COVID-19 crisis.
New York Bagel in Ferndale takes advantage of small business grants to keep employees paid during COVID-19 pandemic
New York Bagel in Ferndale is a small business taking advantage of federal grants to help keep employees paid during the COVID-19 crisis.
BusyKid chore app teaches kids how to manage their own money
A new app teaches kids how to manage their own money by doing chores.
Building a savings cushion in a time of emergency
Experts generally suggest having three to six months of savings on hand, but that can be tough for many people who are living paycheck to paycheck.
Duggan's budget boosts pay for police, expands animal control and increases rainy day fund
Mayor Mike Duggan released his 4-year budget proposal for the city of Detroit on Friday. The plan shifts more money to the rainy day fund and away from demolitions. It also boosts pay for police officers.
Changes to FICO credit score calculations could make it harder to get a loan: report
FICO, the most widely-used credit score in the United States, is changing the way it calculates consumers' scores and that could make it more difficult for some Americans to get a loan.
25 states raising the minimum wage come Jan. 1, 2020
More than 20 states will be raising the minimum wage to as much as $15 an hour come Jan. 1, 2020.