J.Crew files for Chap. 11 bankruptcy as pandemic smothers retail

The owner of J.Crew is filing for Chapter 11 bankruptcy, two months after the first person in New York tested positive for COVID-19.

Gov. Ducey releases new guidelines for retail businesses, customers

Governor Doug Ducey, along with the Arizona Department of Health Services, released new guidelines as retail businesses can begin to reopen to customers.

Americans without bank accounts must wait for federal stimulus checks

A House Ways and Means Committee memo obtained by AP estimated about 5 million paper checks will be issued each week, meaning those most in need could wait many weeks for their payments.

Walmart pays hourly staff nearly $180M in bonuses with 'more to come'

Walmart paid almost $180 million in cash bonuses to its hourly associates nationwide on Thursday and has fulfilled its goal of hiring 200,000 more employees since March in response to demand prompted by the novel coronavirus, the company announced.

Billionaires got $283B richer during coronavirus: Study

U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.

Brnovich: Ruling for state in tax case stands with no appeal

Arizona Attorney General Mark Brnovich says a court ruling in favor of the state will stand in a case that could have resulted in large requests for tax refunds.

Stocks slump as coronavirus hits big tech, oil earnings

Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.

Debt-to-income ratio affects student loan refinancing — here’s how

If you want to refinance your student loan debt, it’s a good idea to calculate and understand your debt-to-income ratio before you apply.

US jobless claims soar past 30 million as 3.8 million more workers seek aid

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

Interest rates steady during coronavirus pandemic: What it means for your wallet

Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.