Investment firms back down after Reddit thread sends GameStop shares soaring

Wall Street professionals were counting on GameStop’s stock price to plunge - but an army of smaller investors rallied on Reddit to beat the pros and support the struggling retail chain.

Terms for $1,400 stimulus checks could change, what to know

President Joe Biden on Monday said he was open to negotiating terms for a pending round of economic impact payments, which may indicate that fewer individuals would end up qualifying.

Lawmaker wants $1,400 stimulus checks reserved for those who get vaccine

President Joe Biden unveiled a massive $1.9 trillion stimulus package proposal that aims to combat the coronavirus and begins to pump up a U.S. economy. 

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.

Stimulus checks and your 2020 taxes: All of your questions, answered

The federal government has delivered two stimulus checks to tens of millions of Americans as part of an effort to blunt the economic pain triggered by the coronavirus pandemic, but many are wondering how the payments could affect your 2020 taxes as filing season approaches.

Biden's Treasury secretary nominee Janet Yellen clears Senate committee

The Senate Finance Committee has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th Treasury secretary.

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.

Wall Street stocks rally to records on Inauguration Day 2021

U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.

Janet Yellen, Biden's Treasury secretary pick, pushes for quick passage of $1.9 trillion COVID-19 relief plan

Janet Yellen, President-elect Joe Biden's choice as Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its $1.9 trillion pandemic relief plan, rejecting Republican arguments that the measure is too big given the size of U.S. budget deficits.

'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.

IRS and Treasury to stop sending stimulus checks this week

Legislation providing for the $600 payments, which was approved by lawmakers at the end of last month, stipulated that the departments needed to issue all payments by Friday.

$750M: Mega Millions jackpot rises to its 2nd highest ever; Powerball drawing Wednesday

The Powerball and Mega Millions lotteries each draw new numbers twice a week at 11 p.m. ET. Powerball numbers are drawn on Wednesdays and Saturdays while Mega Millions numbers are chosen on Tuesdays and Fridays.