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.

Expect to have cable TV in your home throughout retirement? That’s a lump-sum cost of $86,000, says T. Rowe Price, which sounds shockingly high, right?

U.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months.

U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected.

Fake reviews on Amazon.com Inc. during the pandemic have reached levels typically seen during the holiday shopping season.

WASHINGTON — U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession.

U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired.

The Federal Reserve reported Tuesday that the 3.6% increase in July, which represented a $12.2 billion advance, followed a 3.3% rise in June and sharp declines in March, April and May.

Zoom’s videoconferencing service is deepening its integral role in life during the pandemic as tens of thousands more businesses and other users pay for subscriptions to get more control over their virtual meetings.

Stocks keep ticking higher on Wall Street, and more gains for the S&P 500 on Friday have it on pace to close out its fifth straight winning week.

Lawyering up when you break up is not necessary.

Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year.

Social media has become the target of a dueling attack ad campaign being waged online by the sitting president and his election rival. They're shooting the messenger while giving it lots of money.

Families committed to college, but with the good sense to also know that cost matters, have long had motivation to consider community college. The case for community college is even stronger today, with the economic impact of the coronavirus crisis upending household finances.

U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt.

Associated Press