Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season.

U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over.

The out-of-the-blue economic jolt of the pandemic set off an urge among many households to double down on building emergency savings.

The venerable Vermont ice cream company said Monday it’s introducing a line of frozen dog treats, its first foray into the lucrative pet food market. Doggie Desserts, sold in 4-ounce cups, go on sale in U.S. groceries and pet stores later this month.

U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.

WASHINGTON – The Senate voted Friday to override President Donald Trump’s veto of the National Defense Authorization Act, marking the first override of Trump’s presidency and delivering a rare, emphatic and final rebuke by GOP lawmakers who have mostly demonstrated unwavering fealty to the president.

Congress has overridden President Donald Trump's veto of a defense policy bill, a first by lawmakers since he took office nearly four years ago.

A huge surge in online shopping during the pandemic has been a savior for retailers, but it comes at a price.

U.S. consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus.

Top Washington negotiators, propelled by a late-night agreement on the last major obstacle to a COVID-19 economic relief package, said a Sunday agreement is all but inevitable to deliver long-overdue pandemic aid of almost $1 trillion.

Robinhood Financial agreed to pay $65 million to settle government charges that it failed to disclose the full details of its dealings with high-speed traders and didn't get the best prices for customers trading on its app, the Securities and Exchange Commission said Thursday.

WASHINGTON — A Senate vote on a wide-ranging defense policy bill was delayed Thursday after Kentucky Republican Rand Paul objected to the measure, casting the next steps in doubt and raising the slim prospect of a government shutdown if a short-term spending bill caught up in the dispute is not approved by Friday.

WASHINGTON — U.S. consumers took out more auto and student loans in October, but cut back on credit card borrowing, a sign that they remain cautious about spending amid a spike in virus cases.

WASHINGTON – With the viral pandemic accelerating across the country, America’s employers sharply scaled back their hiring last month, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

It’s safe to say that this year has been a wild ride and there’s a good chance that your finances have taken a hit as a result of the coronavirus pandemic and all that’s followed.

WASHINGTON — President-elect Joe Biden will inherit a vulnerable economic recovery under threat from a resurgent virus, likely with a divided Congress that will hinder his ability to address the challenges.

J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders.