The Social Security Administration's latest estimate for when its trust funds will be depleted show little change. But it did not factor in one thing: Covid-19. Now, researchers at the Wharton School at the University of Pennsylvania have come up with their own estimates, and retirees may not like the results.
Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories and worries that China's new Hong Kong security law could result in trade sanctions.
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd executive to the United States leaves Canada vulnerable to further retaliation from Beijing, analysts said.
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear a mask or face covering, stressing masks were critical to preventing the spread of the novel coronavirus.
Spain said on Thursday it would do everything possible to stop Nissan from closing its main car factory in the country as angry workers burned tyres and shouted "War" outside the Barcelona plant.
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.
Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected, with traders also worried that China's new Hong Kong security law could result in trade sanctions.
Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July.
The U.S. House of Representatives on Thursday overwhelmingly approved legislation increasing the amount of time, to 24 weeks from the current eight-week deadline, for small businesses to use Paycheck Protection Program loans spurred by the coronavirus outbreak.
New rules for your 401(k) make taking a withdrawal or loan from the account more enticing. But you'll still pay a big price at retirement for doing so.
America's top dollar store chains beat profit estimates on Thursday and said they would benefit from demand for affordable groceries and household essentials in coming months as rising unemployment threatens to spur a deep recession.
Wall Street's major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors bet on a swift recovery from a coronavirus-driven economic slump.
Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in.
Germany's biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other "errors", saying management had damaged the carmaker's reputation and put jobs at risk.