Real estate makes up 90% of the portfolio of Audrey Smith, outside a property she owns in Inglewood, California.
Employers brought back millions more workers in June as businesses began to reopen across the country. But the recent surge in coronavirus cases is threatening to stall the economic recovery long before it has reached most of the people who lost their jobs.
Teenagers face a tough summer job market because of the pandemic and the related economic slowdown. Whether they’re lifeguard shifts at a (now-dry) pool or counselor spots at a (shuttered) summer camp, jobs often held by young people are scarce.
The coronavirus and the related drop-off in travel have pummeled the rental car industry. That means car shoppers may find deals on used vehicles this summer as the rental companies trim their fleets — but not necessarily bargain-basement discounts.
As American businesses reopen in fits and starts — and anxiety over new coronavirus hot spots increases — state unemployment offices still have their hands full.
Having enough cash on hand to pay the bills is always a good idea. But in an economic crisis like this one, with millions unemployed and thousands of businesses in trouble, it’s more desirable than ever.
American policing is going to emerge changed from this June of protest. The question is whether it will be altered for the better. So let’s consider three possible scenarios for change — one building on the current system, another more ambitious but also riskier, and a third to be avoided at…
WASHINGTON — The Federal Reserve painted a sober picture of the economy Friday, declaring that the financial system remains under stress because of the coronavirus pandemic and that the path back to steady growth and a strong labor market is unsure.
As unemployment claims pass 40 million and the anxious people who file them grow more desperate, an altruistic instinct has emerged among those who are more financially secure.
After five years at the wellness industry startup she co-founded in San Francisco, Hasti Nazem decided it was time for her next adventure in Silicon Valley. Her last day was March 5.
The coronavirus may be upending the way colleges operate, but at least students and their families will get a break if they borrow money from the government for an education.
As the owner of a small marketing agency in central Florida, Edith Duran quickly found herself in a difficult spot as the coronavirus pandemic crippled the local businesses she counts as clients. She couldn’t draw her full salary in February, and by March, she was seeking relief on her mortgage.
The extraordinarily low interest rates in place today are a boon when you’re buying a house, refinancing a mortgage, leasing a car or paying off student debt. If you qualify for a loan, low rates can help you spend less and get more.
The office, for the foreseeable future, is dead. Google and Facebook are telling employees they can work remotely until 2021. Twitter is allowing employees to work from home “forever.” A number of big banks are contemplating never fully refilling their office towers in Manhattan. Last week, …
Americans wrestled with debt-collection lawsuits long before the coronavirus hit, a new report finds. Now, a surge of the suits may swamp consumers who lost their jobs in the pandemic and can’t afford to pay their bills.
MEXICO CITY — At least 70 people have died across Mexico since late April after drinking tainted alcohol, including at least 20 residents of a poor mountain town in the central state Puebla who consumed a cheap, popular moonshine.
Winter is a 4-year-old chocolate-colored llama with spindly legs, ever-so-slightly askew ears and envy-inducing eyelashes. Some scientists hope she might be an important figure in the fight against the coronavirus.
There is now a vast army of young people ready and yearning to serve their country. There are college graduates emerging into a workplace that has few jobs for them. There are more high school graduates who suddenly can’t afford college. There are college students who don’t want to return to…
GALLUP, N.M. — All the roads into this city on the edge of the Navajo Nation are closed. The soldiers at the checkpoints have their orders: Outsiders must turn around and drive away.
Money transfer apps, which allow you to quickly pay friends and family through your smartphone, have grown in popularity in recent years. And the coronavirus pandemic has only expanded their use — to pay gig workers, make donations or simply avoid using cash.
It is rarely easy to summon the will to ask for help, especially if you’re seeking more financial aid from what you believe to be your first-choice college.
Stocks fell on Thursday, giving up some of their gains from the day before, after reports that showed millions more Americans applied for weekly unemployment benefits and consumer spending collapsed.
MIDLAND, Texas — In just over a month, scores of drilling rigs have been dismantled and tucked away in storage yards. Pump jacks, those piston pumps that lift crude out of the ground, have seesawed to a standstill as operators shut down wells.
Former Vice President Joe Biden on Friday denied an allegation of sexual assault by a former Senate aide, Tara Reade, his first public remarks about an accusation that has roiled his presidential campaign.
The trend has been moving in a positive direction: Over the past decade, far more workers who are eligible for Social Security have been waiting to file, often substantially increasing their lifetime annual benefits.
UITO, Ecuador — With bodies abandoned on sidewalks, slumped in wheelchairs, packed into cardboard coffins and stacked by the hundreds in morgues, it is clear that Ecuador has been devastated by the coronavirus.
KABUL, Afghanistan — The Taliban have returned to an all-out offensive on the battlefield, killing dozens of Afghan security forces each day, officials say, even as U.S. officials try to keep alive a scuttled peace deal to end the long war in Afghanistan.
Things are starting to break down. I don’t just mean psyche and soul and social bonds and sense of self. I mean ordinary, overworked things around the house: the dishwasher, the garage-door opener, the fridge door, the faucet in the kids’ bathroom, the towel hanger in the kids’ bathroom, the…
WASHINGTON — The Senate approved a $484 billion coronavirus relief package Tuesday that would revive a depleted loan program for distressed small businesses and provide funds for hospitals and coronavirus testing, breaking a partisan impasse over the latest infusion of federal money to addre…
The self-employed often fall into the biggest gaps in the social safety net. But relief programs aimed at helping workers and companies weather the coronavirus outbreak are providing some temporary patches.
Adam Schwartz, who runs his family’s 100-year-old manufacturing company with his brother, Hy, has spent a month sifting through tax incentives for their business. At the same time, his wealth advisers have made him acutely aware of the personal tax planning options that the economic downturn…
Coroners in some parts of the country are overwhelmed. Funeral homes in coronavirus hot spots can barely keep up. Newspaper obituary pages in hard-hit areas go on and on. COVID-19 is on track to kill far more people in the United States this year than the seasonal flu.
China on Friday raised its coronavirus death toll by 50% in Wuhan, the city where the outbreak first emerged, amid accusations that the government had concealed the extent of the epidemic.
Will Price grew up traveling the world, the son of a globe-trotting banker, and became a venture capitalist in California’s Silicon Valley. But when he wanted to raise a family, he moved to Montana and started a fund of his own.
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