Economy

Disney is laying off 28,000 U.S.-based employees across its Parks, Experiences and Products division due to continued struggles caused by the coronavirus pandemic, the company announced in a statement on Tuesday.

The report, commissioned by President Donald Trump’s CFTC, found that climate change is already impacting or is anticipated to impact nearly every facet of the economy.

The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.

U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.

On Friday, the IRS announced that it will mail letters to people who did not file a return for either 2018 or 2019, but still may qualify for an Economic Impact Payment.

The number of Americans applying for jobless aid was unchanged last week at 884,000.

The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed in August as employers added the fewest jobs since the pandemic began.

The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.

The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger.

The coronavirus pandemic has brought hard times for many farmers and has imperiled food security for many millions both in the cities and the countryside.

Companies can stop withholding employees' payroll taxes beginning Sept. 1.

Small business owners in college towns across the U.S. are hoping for the best when students return — and bracing for the worst.

Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.

Democratic presidential nominee Joe Biden said that if he wins the presidency in November's election, he will raise taxes on Americans who earn more than $400,000 a year.

The damage inflicted to the jobs market is expected to persist for years, IRS projections show.