Student debt remains a mess, even if the stock market is soaring again. The U.S. stock-market surged Friday after a surprising gain in the monthly jobs report showed the economy looks ready to bounce back quicker than expected from the pandemic. But all that doesn’t meant the woes of the $1.5 trillion student loan market […]
WASHINGTON — In a White House Rose Garden press conference meant to highlight the gain of 2.5 million jobs in May after two months of devastating job losses, President Trump lamented that “many of our states are closed or almost closed” because of the coronavirus pandemic, which has killed nearly 110,000 Americans. He urged those […]
Two men charged with conspiring to incite violence and civil unrest at protests over the killing of George Floyd previously sought to do the same thing at protests against coronavirus lockdowns, in both instances seeking to promote their extremist agenda, federal prosecutors say. Federal agents arrested the men, Stephen Parshall and Andrew Lynam, along with a […]
Dear Moneyist, I have an estranged husband, and we have been living separately for years. He has been filing taxes jointly without my knowledge AND now he has received my stimulus money AND my kids’ stimulus money. I can’t hire an attorney because I’m poor, and I live in a rural area where there are […]
‘A child cannot, thank Heaven, know how vast and how merciless is the nature of power, with what unbelievable cruelty people treat each other. He reacts to the fear in his parents’ voices because his parents hold up the world for him and he has no protection without them.’ — James Baldwin, ‘Letter from a […]
U.S. stock-index futures pointed to modest gains Friday, as investors look to a labor-market report that could reflect soaring unemployment even as the data signals a decelerating pace of job losses in coronavirus-stricken America. How are benchmarks performing? Futures for the Dow Jones Industrial Average YM00, +0.66% YMM20, +0.66% were up 102 points, or 0.4%, […]
After Zoom Video Communications Inc. reported one of the most spectacular quarters in enterprise software history, investors expected a lot from Slack Technologies Inc. Too much, it turns out. Slack WORK, -4.91% sank nearly 15% in after-hours trading Thursday, moving back to the range it had last week before a run-up ahead of its earnings […]
J.C. Penney Co. Inc. said late Thursday it will be closing 154 stores in the near future as part of its “store optimization strategy” after filing for bankruptcy protection last month. The closings will begin after a June 11 bankruptcy-related hearing in Texas, the company said. It makes sense to reduce its footprint and focus […]
An enraged New York driver who allegedly rushed a group of protesters with two long blades attached to his arm, then chased them in his SUV, was arrested Thursday on suspicion of menacing and other crimes, authorities said. Frank Cavalluzzi, 54, of Queens, faces multiple counts of reckless endangerment, menacing and criminal possession of a […]
Attorney General William Barr said Thursday that it was “entirely appropriate” to forcibly remove protesters from the area surrounding the White House ahead of President Trump’s seemingly impromptu photo opportunity in front of St. John’s Church. “I think the president is the head of the executive branch and the chief executive of the nation and […]