Economy

Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.

Lawmakers have just weeks to reach terms on an agreement before Congress adjourns for the year on Dec. 21.

Congress is returning to Washington for one last attempt at deal-making this year.

In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times.

Sandwiched between Black Friday and Cyber Monday is Small Business Saturday, a national initiative to shop local and break away from large box stores. However, this year shoppers will notice a few changes because of COVID-19.

With the help of COVID-19 vaccines and, possibly, more government relief, the U.S. economy may return to normal by the second half of next year.

As people continue to lose jobs in a crippled economy during the ongoing COVID-19 pandemic, the uncertainty of providing food for a full household only adds to the stress.

Credit cards reveal yet another example of the “K-shaped recovery” wherein high earners are recuperating, or even increasing their wealth during the economic downturn, and lower income earners are flailing.

Tulsa Remote is an incentive program offering $10,000 to out-of-state remote workers who move to Oklahoma.

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.

The U.K. has signed an interim trade deal with Canada to give the government more time to negotiate future trading rules as it prepares the country for business life outside the European Union.

The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.

President-elect Joe Biden on Monday outlined his plans to boost the U.S. economy but said any structural reforms depend first on reining in the COVID-19 pandemic.

Trump targets China's capital markets.

The number of people seeking unemployment benefits fell last week to 709,000, the fourth straight drop and a sign that the job market is slowly healing.

The U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement that has substantially all of J.C. Penney’s retail and operating assets acquired by Brookfield Asset Management Inc. and Simon Property Group through a combination of cash and new term loan debt.

The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.