Furlough vs layoff: what’s the difference?

Kameleon007/iStockBy LAYNE WINN, ABC News(NEW YORK) -- Over 38 million Americans have applied for unemployment benefits since the coronavirus outbreak began shutting down the United States economy in mid-March. Major companies such as Uber, Airbnb and United Airlines have... Read More.

Victoria’s Secret closing 250 stores

studioportosabbia/iStockBy JACQUELAN LAUREAN YATES, GMAVictoria's Secret is closing 250 stores in shopping centers, malls and other locations in the U.S. and Canada.This news comes as the lingerie giant continues to see a plummet in sales during the coronavirus pandemic.On... Read More.

US seeing the cost of late unemployment benefits

glegorly/iStockBy VICTOR ORDONEZ and LAYNE WINN, ABC News(NEW YORK) -- A couple million more Americans applied for unemployment benefits last week -- leaving nearly one in five Americans unemployed amid the COVID-19 pandemic.A lingering and indisputably important question enters... Read More.