NJ sets US sports betting monthly record at $668M

New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, plunking down almost $668 million in August on events including resurgent baseball, basketball and hockey seasons.

JPMorgan: Some customers, employees misused PPP and other COVID-19 stimulus programs

JP Morgan Chase is saying that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.

'Not free money:' Federal payroll tax 'holiday' starting soon

Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.

Even as hiring slows, American unemployment rate falls to 8.4%

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.

A new $300 federal unemployment benefit? Not likely for some

Due to a raft of restrictions and bureaucratic hurdles, more than 1 million unemployed Americans won't receive that $300 check.

Budget deficit to hit record $3.3T, putting US debt on track to exceed GDP next year

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.

Tyler Perry is officially a billionaire

The Atlanta media mogul went from living in and out of his car to being worth a billion dollars.

Coronavirus pandemic brings hard times for farmers, worsening hunger

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.