GameStop stock price frenzy: What to know

Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.

US economy shrank 3.5% in last year after growing 4% last quarter

Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.

Identity of Novi mega millions billion dollar winner unknown

Who is holding that lucky Mega Millions ticket bought at the Kroger in Novi? We still don't know. But a young woman who won the lottery a few years ago has some important advice.

Michigan agency exposed state to "increased risk of fraud" over PPE purchases, auditor claims

Michigan's Auditor General had some harsh criticisms for the Department of Technology, Management, and Budget, arguing the department put the state at increased risk for fraud and waste in a new report.

Biden signs executive order for government to buy more US goods

President Joe Biden signed on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.

Mega Millions jackpot soars to $1 billion amid slow sales

The jackpot for the Mega Millions lottery game has grown to $1 billion ahead of Friday night’s drawing after more than four months without a winner.

Unemployment claims fall to a still-high 900,000

Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.

'American Rescue Plan': Here's what's in Biden's COVID-19 relief plan

President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy.

$15 an hour minimum wage: Biden pushes for urgent increase amid COVID-19 pandemic

During his announcement of the “American Rescue Plan,” President-elect Joe Biden pushed for the minimum wage in the United States to be raised to at least $15 an hour.

Jobless claims jump to 965,000 as COVID-19 pandemic takes toll

The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.

Biden eyes child tax credit expansion among stimulus measures: Report

President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.

Schumer pledges quick delivery of $2,000 stimulus checks: 'We will get that done'

Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.

Biden plans to extend student loan payment pause ‘on day one,’ supports forgiving $10K in debt

President-elect Joe Biden’s transition team said he plans to extend a suspension of student loan payments due to financial hardships posed by the COVID-19 pandemic on “day one,” and he also favors forgiving $10,000 in student loan debt.

US lost 140,000 jobs in December; first monthly loss since spring

U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.