Neiman Marcus to file for bankruptcy as soon as this week: sources

(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.

Why some military members had stimulus checks snatched, reduced

USAA, a financial company that caters to military members and veterans, has suspended a policy that had resulted in members having their stimulus checks used to offset existing debts.

Dow spikes 700 points as stocks notch second straight week of gains

The Dow Jones Industrial Average soared by as many as 612 points, or 2.6 percent while the S&P 500 and Nasadaq Composite climbed by 2.2 percent and 1.5 percent, respectively.

Experts talk about Arizona's economic future following COVID-19 pandemic

New White House guidelines outline a phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases.

Small businesses wait as Paycheck Protection Program runs out of money

Small businesses have taken a big hit as a result of the ongoing COVID-19 pandemic, and on Thursday, a program that is set to provide them with emergency loans has also run out of money.

Essential food workers getting 2 weeks of paid leave

Newsom called out those who pick, serve and deliver food for doing such essential work during this time, and he credited the Latino Caucus for bringing the matter to his attention. 

Layoffs and pay cuts are now striking more white collar jobs

The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most.

Small business loan program runs out of money, no longer accepting applications

A popular small business relief program ran out of funds on Thursday morning, as billions of dollars in additional coronavirus aid remain stuck in congressional limbo.

Unemployment claims jumped by 5.25M last week as coronavirus job carnage continues

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.