Black Friday crowds thin amid surging COVID-19 pandemic as retailers push online sales

In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times.

Absent new stimulus, wealthy pay off credit cards, while others dive deeper into debt

Credit cards reveal yet another example of the “K-shaped recovery” wherein high earners are recuperating, or even increasing their wealth during the economic downturn, and lower income earners are flailing.

Small Business Saturday more critical this holiday season amid coronavirus pandemic

Sandwiched between Black Friday and Cyber Monday is Small Business Saturday, a national initiative to shop local and break away from large box stores. However, this year shoppers will notice a few changes because of COVID-19.

US economy sprints toward normal in 2021 but with coronavirus scars

With the help of COVID-19 vaccines and, possibly, more government relief, the U.S. economy may return to normal by the second half of next year.

Unemployment claims rise to 778,000 as COVID-19 pandemic worsens

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

Woman receives refund nearly one year after Zelle causes tattoo troubles

After multiple women have accused a popular DMV tattoo artist of taking their money without providing a service, one woman says FOX 5's spotlight on the issue got her a refund.

Dow trades above 30,000 points for first time on vaccine hopes, Biden transition

The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

Economists urge Congress to send out second round of $1,200 stimulus checks

A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.

Unemployment claims increase to 742,000 as COVID-19 cases surge

The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.

Student loan payments set to resume Jan. 1, 2021 — here’s what you need to know

For millions of student loan borrowers who have benefited from payment relief during the coronavirus pandemic, the payments will resume beginning Jan. 1, 2021.

Biden vows to strengthen economy despite exploding COVID-19 pandemic

President-elect Joe Biden on Monday outlined his plans to boost the U.S. economy but said any structural reforms depend first on reining in the COVID-19 pandemic.

Stocks close at record high despite Trump's refusal to concede in 2020 election

A huge fear for Wall Street coming into this month was a contested U.S. presidential election, one that could drag the market through more painful uncertainty.

709,000 seek unemployment aid as pandemic escalates

The number of people seeking unemployment benefits fell last week to 709,000, the fourth straight drop and a sign that the job market is slowly healing.

Who pays for recounts in presidential elections?

The rules around paying for recounts are not the same across the board. Who puts up the money for a recount typically depends upon whether the recount is automatic or requested.

Rally begins to fade on Wall Street, pulling indexes below records

Stocks closed mostly higher on Wednesday, helped by big technology stocks, but news of tighter restrictions in New York State helped dent an earlier rally.