Today is Thursday, May 7 and see that the Nasdaq has turned positive for the year while the Dow jumps, U.S. weekly job claims total 3.169 million and Neiman Marcus has filed for bankruptcy. We are also reading what you need to know about rent relief during the pandemic and that some colleges are consider a tuition freeze.
The Nasdaq Composite rose on Thursday, clawing back its steep losses for the year, as tech shares added to their recent strong gains while investors mounted bets on the U.S. economy reopening soon.
Unemployment rolls continued to swell in the U.S. last week, though jobless claims hit their lowest level since the economy went into lockdown made to battle the coronavirus pandemic.
Luxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus fallout
Neiman Marcus, saddled with debt and hit by the coronavirus pandemic, filed for bankruptcy on Thursday with a deal to hand its business over to its creditors.
Amid the coronavirus pandemic, renters in many states are protected by a temporary moratorium on evictions. However, the rules leave tenants across the country with a lot of unanswered questions.
As the financial strain on the families of college students worsens, there’s one measure few schools have considered until now. A number of colleges are freezing tuition in hopes of attracting more students and families struggling with the weight of a higher-education tab.