American and 4 other airlines reach loan agreements with US

The Treasury Department said Thursday that it had finalized terms of new loans to American, Spirit Airlines, Frontier Airlines, Hawaiian Airlines and SkyWest Airlines.

President Trump supports new round of direct coronavirus payments

President Trump also said he wants payments larger than the $1,200 the government sent to most individuals earlier this year.

Jury awards Weinstein survivors $19M settlement

The women who experienced sexual misconduct and harassment by Harvey Weinstein, were awarded a nearly $19 million settlement on Tuesday in New York.

Coronavirus treatment Remdesivir to cost $3,120 for US patients with private insurance

Gilead Sciences Inc. announced its pricing for the coronavirus drug Remdesivir, stating it will charge hospitals $3,120 for a patient in the U.S. with private insurance.

Working from home is costing Americans more than working from the office

As more companies signal working from home will become a permanent part of the new normal, experts believe it may force an adjustment for households that are left struggling to balance the monthly budget.

US consumer spending up 8.2%, partly erasing record plunge

Friday’s Commerce Department report showed that Americans stepped up their spending in May despite a 4.2% decline in personal income, which had soared by 10.8% the previous month.

Another 1.48 million laid-off workers seek US jobless aid

The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.

US GDP fell at 5.0% rate in Q1; worse is likely on the way

It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis.

IMF downgrades outlook for global economy in face of virus

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.

US inmates got coronavirus relief checks, and IRS wants them back

The legislation authorizing the payments during the pandemic doesn’t specifically exclude jail or prison inmates, and the IRS has refused to say exactly what legal authority it has to retrieve the money.

Martha McSally wants to give you a big tax credit to take a vacation

The Arizona Republican introduced the American TRIP Act Monday that would give each American a $4,000 tax credit to take a trip. The vacation credit, retroactive to Jan. 1, would increase to $8,000 for joint tax filers, plus an additional $500 for dependent children.

Valley teen turns birthday gift of camera into photography business
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Valley teen Katelyn Prazak just graduated from Sunrise Mountain High School in Peoria and turned a birthday gift of a camera from her parents into a photography business. https://www.instagram.com/katelynprazak/

Only 47% of Americans are losing sleep over money despite pandemic: Study

For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.