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Business News

Coronavirus economic updates: Record 6.6 million Americans file for unemployment

ABC News Illustration / US Department of Labor(NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here's the latest news on   ... Read More

MAC Cosmetics and Miley Cyrus kick off Viva Glam 2020 to dedicate $10 million to COVID-19 relief

Sasha Brazhnik(NEW YORK) -- MAC Cosmetics has fast-tracked the kick-off of the brand's annual Viva Glam campaign, which will allocate funds to provide relief for vulnerable communities across the globe that have been impacted by the novel coronavirus outbreak.   ... Read More

Nonprofit organizations ask for stimulus money as resources dry up during pandemic

iStock/Dean R Specker(WASHINGTON) -- While the novel coronavirus pandemic continues to spread across the country, nonprofit organizations continue to operate some of their most important programs.

Whether it’s child care for essential workers, blood drives or online training sessions   ... Read More

Social Security recipients to get relief payments directly to bank account without filing tax return

iStock/fizkes(WASHINGTON) -- Bowing to pressure, the Internal Revenue Service has announced that Social Security beneficiaries will automatically receive their $1,200 emergency assistance payments without having to file a tax return – as originally required by the $2 trillion relief   ... Read More

Colorado AG steps in after Hobby Lobby defies COVID-19 stay-at-home order

t:dbdurden/iStock(DENVER) -- The Colorado Attorney General's office sent a letter to Hobby Lobby's CEO, ordering the craft supplies company to shutter stores immediately after it continued operating despite being named a nonessential business during the novel coronavirus pandemic.

"For   ... Read More

Record 6.6M Americans file for unemployment amid coronavirus crisis

glegorly/iStock(NEW YORK) -- A record-smashing 6,648,000 people filed for unemployment in the week ending March 28 amid the novel coronavirus pandemic, according to data released by the U.S. Department of Labor on Thursday.

The COVID-19 financial crisis has clobbered   ... Read More

Coronavirus leads to surge in wills: ‘Everyone is thinking about their mortality’

alexskopje/iStock(NEW YORK) -- Earlier this week, Tara Waters made her will.

She's just 42 years old and the mother of two young children.

But amid the climate of uncertainty surrounding the coronavirus pandemic that is sweeping the nation, she,   ... Read More

Union demands protection for nursing home staff amid coronavirus pandemic

doble-d/iStock(NEW YORK) -- The union for 400,000 long–term care workers issued a plea for federal help on Wednesday to better protect the health care aides who they say are facing extreme risks as novel coronavirus has spread in dozens   ... Read More

Coronavirus crisis has people struggling to pay bills: Here’s what you can do

iStock/fizkes(NEW YORK) -- Wednesday is the first of the month, when most rent payment and a handful of other bills are due. If you are struggling amid the ongoing coronavirus-induced financial crisis, here are some resources that are available   ... Read More

Diapers harder to come by for some families during coronavirus

iStock/andriano_cz(NEW YORK) -- For most parents, finding your preferred diaper brand out of stock during the novel coronavirus outbreak is nothing more than an annoyance. Simply move onto the next-best brand.

But for others, diaper need is a very   ... Read More

Haircare brand providing $1 million to support small businesses affected by COVID-19

Jason Carter Rinaldi/Getty Images for SheaMoisture(NEW YORK) -- The novel coronavirus pandemic has left many small businesses searching for financial relief, and haircare brand SheaMoisture has stepped up with a generous grant.

On Monday, the brand posted on Instagram   ... Read More

Coronavirus economic updates: US financial markets plunge as Trump warns of ‘painful’ weeks to come

Chaay_Tee/iStock(NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here's the latest news on how the COVID-19 crisis is affecting the   ... Read More

Despite coronavirus grocery buying spree, farmers fearful for the future

pixdeluxe/iStock(NEW YORK) -- As the coronavirus crisis shut down much of the country’s workforce or forced it to make dramatic accommodations, the nation's farmers have been hard at work, producing food supplies for the nation.

But they are doing   ... Read More

Customer has heartfelt message, gifts for delivery drivers: ‘We are depending on you’

Instagram/@drtyoda(GLENDALE, Arizona) -- Usually, FedEx drivers are the ones making special deliveries, but for Tadashi Andrews, 40, one customer’s care package left him inspired and hopeful.

"The day was the same as normal," Andrews told "Good Morning America." "The   ... Read More

Coronavirus economic updates: JC Penney to furlough majority of employees

narvikk/iStock(NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.Here's the latest news on how the COVID-19 crisis is affecting the   ... Read More

Main News Page


Coronavirus economic updates: Record 6.6 million Americans file for unemployment

ABC News Illustration / US Department of Labor(NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here's the latest news on   ... Read More

MAC Cosmetics and Miley Cyrus kick off Viva Glam 2020 to dedicate $10 million to COVID-19 relief

Sasha Brazhnik(NEW YORK) -- MAC Cosmetics has fast-tracked the kick-off of the brand's annual Viva Glam campaign, which will allocate funds to provide relief for vulnerable communities across the globe that have been impacted by the novel coronavirus outbreak.   ... Read More

Nonprofit organizations ask for stimulus money as resources dry up during pandemic

iStock/Dean R Specker(WASHINGTON) -- While the novel coronavirus pandemic continues to spread across the country, nonprofit organizations continue to operate some of their most important programs.

Whether it’s child care for essential workers, blood drives or online training sessions   ... Read More

Social Security recipients to get relief payments directly to bank account without filing tax return

iStock/fizkes(WASHINGTON) -- Bowing to pressure, the Internal Revenue Service has announced that Social Security beneficiaries will automatically receive their $1,200 emergency assistance payments without having to file a tax return – as originally required by the $2 trillion relief   ... Read More

Colorado AG steps in after Hobby Lobby defies COVID-19 stay-at-home order

t:dbdurden/iStock(DENVER) -- The Colorado Attorney General's office sent a letter to Hobby Lobby's CEO, ordering the craft supplies company to shutter stores immediately after it continued operating despite being named a nonessential business during the novel coronavirus pandemic.

"For   ... Read More

Record 6.6M Americans file for unemployment amid coronavirus crisis

glegorly/iStock(NEW YORK) -- A record-smashing 6,648,000 people filed for unemployment in the week ending March 28 amid the novel coronavirus pandemic, according to data released by the U.S. Department of Labor on Thursday.

The COVID-19 financial crisis has clobbered   ... Read More

Coronavirus leads to surge in wills: ‘Everyone is thinking about their mortality’

alexskopje/iStock(NEW YORK) -- Earlier this week, Tara Waters made her will.

She's just 42 years old and the mother of two young children.

But amid the climate of uncertainty surrounding the coronavirus pandemic that is sweeping the nation, she,   ... Read More

Union demands protection for nursing home staff amid coronavirus pandemic

doble-d/iStock(NEW YORK) -- The union for 400,000 long–term care workers issued a plea for federal help on Wednesday to better protect the health care aides who they say are facing extreme risks as novel coronavirus has spread in dozens   ... Read More

Coronavirus crisis has people struggling to pay bills: Here’s what you can do

iStock/fizkes(NEW YORK) -- Wednesday is the first of the month, when most rent payment and a handful of other bills are due. If you are struggling amid the ongoing coronavirus-induced financial crisis, here are some resources that are available   ... Read More

Diapers harder to come by for some families during coronavirus

iStock/andriano_cz(NEW YORK) -- For most parents, finding your preferred diaper brand out of stock during the novel coronavirus outbreak is nothing more than an annoyance. Simply move onto the next-best brand.

But for others, diaper need is a very   ... Read More

Haircare brand providing $1 million to support small businesses affected by COVID-19

Jason Carter Rinaldi/Getty Images for SheaMoisture(NEW YORK) -- The novel coronavirus pandemic has left many small businesses searching for financial relief, and haircare brand SheaMoisture has stepped up with a generous grant.

On Monday, the brand posted on Instagram   ... Read More

Coronavirus economic updates: US financial markets plunge as Trump warns of ‘painful’ weeks to come

Chaay_Tee/iStock(NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here's the latest news on how the COVID-19 crisis is affecting the   ... Read More

Despite coronavirus grocery buying spree, farmers fearful for the future

pixdeluxe/iStock(NEW YORK) -- As the coronavirus crisis shut down much of the country’s workforce or forced it to make dramatic accommodations, the nation's farmers have been hard at work, producing food supplies for the nation.

But they are doing   ... Read More

Customer has heartfelt message, gifts for delivery drivers: ‘We are depending on you’

Instagram/@drtyoda(GLENDALE, Arizona) -- Usually, FedEx drivers are the ones making special deliveries, but for Tadashi Andrews, 40, one customer’s care package left him inspired and hopeful.

"The day was the same as normal," Andrews told "Good Morning America." "The   ... Read More

Coronavirus economic updates: JC Penney to furlough majority of employees

narvikk/iStock(NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.Here's the latest news on how the COVID-19 crisis is affecting the   ... Read More

Main News Page


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