US Economy

Bankrupted J.C. Penney announced Thursday the list of the 154 stores it plans to close this summer, with store closing sales kicking off June 12.

Flying this summer is predicted to be more tedious than in the past, but experts say the pandemic is pushing positive change at airports at breakneck speed.  What’s on the horizon? Imagine shorter lines, cruising through checkpoints and not touching anything — except for your mobile phone — from your car door to your airplane seat. In fact, the technology…

During Walmart’s earnings call this week, CEO Doug McMillon said the big-box retailer has seen different phases of shopping during the coronavirus pandemic. First, he said, customers stockpiled food and household essentials. Later, they sought out items that helped them work, learn and entertain themselves during long days at home.  In the final weeks of April, another trend emerged: Customers were...

As states reopen to the public during the coronavirus pandemic, retailers, hotels, movie theaters and sports stadiums are all looking for ways to keep patrons and staff safe.  Many of these businesses have been closed since mid-March to help stop the spread of the virus, and they are eager to rehire staff and welcome back customers and the billions of dollars they bring....

More than 10% of households in a survey last week said they couldn’t get enough of the food they needed.

J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection.

J.C. Penney, weighed down by debt and battered by the coronavirus, has filed for bankruptcy.

J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC.

As the nation enters a third month of economic devastation, the coronavirus is proving ruinous to state budgets

U.S. shoppers are making more trips to the dollar store. They’re stocking up with items from stores’ private label brands more than usual and cutting back on snacks and sodas at convenience stores. Those emerging data points, captured by market research firm IRI in recent weeks, may preview the next wave of grocery shopping during the coronavirus pandemic. They...

House Speaker Nancy Pelosi has unveiled a more than $3 trillion new coronavirus aid package

At a two-hour open house in Atlanta on Saturday, about a dozen mostly masked families toured the six-bedroom, six-bathroom, newly built home priced at just over $3 million. Noah Graubart and his wife were looking for something close to their children’s new elementary school.

The biggest U.S. mall owner, Simon Property Group, said Monday that it plans to have roughly 50% of its properties reopened again within the next week, as states begin to loosen their lockdown restrictions during the coronavirus pandemic.

States facing revenues in sharp decline amid the coronavirus pandemic have tough choices ahead – and you might be shelling out more in state and local taxes as a result.

It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years. The coronavirus and the forced closure of business throughout the country again fueled the number of Americans applying for state unemployment benefits, which last week totaled 5.245 million, the Labor Department reported Thursday.