The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses.
David Shepardson, Reuters | Posted Jan 20th - 7:40pm
Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. automaker to avoid a recall.
Katie McKellar, Deseret News | Posted Jan 20th - 7:11pm
The Utah Senate voted unanimously to pass SB11, a bill that would use about $43 million out of the $80 million already set aside for some form of a tax cut this year to reduce income taxes for Utahns on Social Security and military retirement.
Janet Yellen, U.S. President-elect Joe Biden's nominee for Treasury Secretary, urged lawmakers on Tuesday to "act big" on the next coronavirus relief package, adding that the benefits outweigh the costs of a higher debt burden.
Saqib Iqbal Ahmed, Reuters | Updated Jan 15th - 2:03pm
The U.S. dollar rose across the board to hit a four-week high against a basket of currencies on Friday, as data showing the COVID-19 pandemic's continuing toll on the economy boosted demand for the safe-haven currency.
Dating app Bumble, which is backed by private equity firm Blackstone Group, on Friday made public its regulatory filing for an initial public offering, revealing steady revenue growth and higher operating costs that resulted in a loss.
The Federal Reserve has no plans to dial back its super-easy policy even as the incoming Biden administration lobbies for a new and massive round of stimulus that sets the economy up for faster growth once vaccines are fully rolled out.
Ricardo Alonso-zaldivar and Bill Barrow, Associated Press | Updated Jan 14th - 10:38pm
President-elect Joe Biden is unveiling a $1.9 trillion coronavirus plan Thursday to turn the tide on the pandemic, speeding up the vaccine rollout and providing financial help to individuals, states and local governments and businesses struggling with the prolonged economic fallout.
The International Monetary Fund is urging countries to continue strong fiscal and monetary efforts to support their economies given continued uncertainty about the risks posed by a resurgence in COVID-19 cases and new variants.