Money

Only one of the nine casinos — the Golden Nugget — reported an operating profit for the quarter, and that was helped by the market-leading internet gambling operation.

The number of active Black business owners fell by 68% from early March to July, according to the Census Bureau. Active white business owners fell by 44%.

It's a sign that minority, lower income, and first-time home buyers are getting hit hard financially amid the pandemic.

The decline suggests that layoffs are slowing, though last week's figure still exceeds the pre-pandemic record of just under 700,000.

Critics say this particular relief measure is misguided since it benefits only people who are lucky enough to have a job still.

State residents struggling to make rent or mortgage payments due to the coronavirus pandemic will be able to get assistance through two programs.

With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire.

Applications last week dropped 41% compared with the week before, going down to 16,573, the department said.

Unless lawmakers agree to replace at least some of extra $600 dollars a week, aggregate spending in the U.S. could drop by an additional 4.3%.

The coronavirus triggered the sharpest economic contraction in modern history in the second quarter as the pandemic hammered the economy, the Commerce Dept. said Thursday.

Economists say ending the boost could trigger a downturn that would cost Pennsylvania another 250,000 jobs.

Millions who lost jobs during the pandemic are in danger of having their incomes cut again. The sudden halt in payments would be felt in households and throughout the economy.

Currently, the lowest-income SNAP recipients are ineligible for the emergency allotments that other SNAP recipients have been receiving during the pandemic.

These are, as they say, unprecedented times.

The deal directly affects four of nine casinos in Atlantic City.