Stocks plunge as COVID-19 cases surge in US
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.
Fear and anxiety spike in COVID-19 hot spots across US
About half of U.S. states have seen their highest daily coronavirus infection numbers so far at some point in October, and the country as a whole came very close to back-to-back record daily infection rates on Friday and Saturday.
Gap Inc. to shutter 350 stores by 2024 in plan to exit malls
Gap joins other clothing retailers in trying to reinvent themselves during the COVID-19 pandemic.
Quibi is shutting down, citing low subscriptions amid COVID-19 pandemic
A short six months after promising to revolutionize video viewing, short-form streaming service Quibi raised a white flag Wednesday and announced it was shutting down.
Leesburg fraudster used PPP cash for Cessna aircraft, Lexus automobile, prosecutors say
A Leesburg man is facing charges after he allegedly used the CARES Act Paycheck Protection Program to swindle the government out of $2.5 million, which he spent on items including a Cessna aircraft and a Lexus.
Study: Older workers face greater unemployment amid COVID-19 pandemic
The study released Tuesday from researchers with the New School university in New York City found that workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.
Woman accused of stealing several identities to fraudulently obtain EDD unemployment benefits
A woman was arrested at a Riverside courthouse last week for allegedly stealing several identities to fraudulently obtain EDD unemployment benefits, authorities said Monday.
Even with COVID-19 coverage safety net, recovered patients hit with hefty hospital bills
COVID-19 can do more than torment patients physically. It also clobbers some financially.
'EDD' rapper faces federal charges for unemployment insurance fraud
An up and coming rapper who boasted in a YouTube music video for his song "EDD", which is about getting rich from committing unemployment benefits fraud was arrested Friday in Los Angeles on federal charges of carrying out that very scheme
Montgomery County health officials pause on changing executive order due to spike in COVID-19 cases
On Thursday, health leaders in Montgomery County announced, they are putting the brakes on changing an executive order that would have loosened some COVID-19 restrictions. This comes as they said they are worried about a new surge in cases.
Wells Fargo fires over 100 employees over improperly obtained COVID-19 aid money
According to an internal memo from the company, Wells Fargo employees allegedly “defrauded the U.S. Small Business Administration (SBA)” in order to obtain coronavirus relief funds.
San Francisco apartment rent cost dives 31%, most in nation: report
Two fellow Bay Area counties are included among those with the sharpest drop in rents.
Mitch McConnell slates October revote on GOP COVID-19 relief plan
Senate Majority Leader Mitch McConnell says that he’s scheduling a procedural vote on a GOP COVID-19 relief bill for next week.
Cruise ships being dismantled and scrapped for parts, photos show
As the coronavirus pandemic continues to have a devastating effect on the travel industry, major cruise lines are scrapping their ships in an effort to stay afloat.
Social Security checks will increase 1.3% in 2021
Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people.
H&M to close 350 stores in 2021, citing increase in online shopping
Citing an increase in online shopping because of the coronavirus pandemic, H&M will close 250 stores in 2021.
California judge rules inmates owed $1,200 coronavirus stimulus payments
California is seeking to ensure that residents receive their $1,200 economic impact payments – even if they are incarcerated.
Seniors for Biden increase, citing Trump's handling of COVID-19 pandemic
Aides say President Donald Trump's campaign has seen an alarming drop in support among older adults in its internal research.
'One step forward, two steps back': Pelosi dismisses latest White House COVID-19 aid offer
House Speaker Nancy Pelosi is dismissing the latest White House offer in COVID-19 aid talks as “one step forward, two steps back.”
White House boosts offer in COVID-19 aid talks
The White House is boosting its offer in up-and-down COVID-19 aid talks Friday in hopes of an agreement before Election Day.