Money

COVID-19 in Arizona: State stay-at-home order extended to May 15

Navajo Nation distributes aid as state death toll tops 300, Arizona corrections officers threaten to walk out, city officials warn it could take Phoenix six years to recover jobs lost in the past six weeks, and other news from the Grand Canyon State.


Jobless benefits expand next month, but advocates worry it’s not enough

TEMPE - Arizona unemployment benefits will expand next month to cover workers who are not now eligible, to last longer than before and to pay more in weekly benefits to some jobless workers. But advocates say that while the change is welcome - it's probably too little, and too late.


8 ways to teach kids to manage money as coronavirus keeps families at home

Teaching children to develop a work ethic, be responsible and share with others is an important part of parenting. A co-founder of the BusyKid app says money management tools help build such life skills.


418,000 jobless claims crater 10 years of new jobs in just five weeks

PHOENIX - New jobless claims in Arizona over the past five weeks have wiped out two-thirds of the new jobs created in the state over 10 years, according to the latest numbers from the Arizona Department of Economic Security.


House OKs $484 billion in COVID-19 relief, loans could go out this week

WASHINGTON - Money could start flowing to distressed small businesses as early as this week, after the House overwhelmingly approved a $484 billion measure that refills the exhausted Paycheck Protection Program and adds funds for hospitals and other services.


Court upholds real-world conviction in case that used virtual currency

TEMPE - A federal court said that laundering money with virtual currency is still a real-world crime, upholding five money-laundering charges against an Arizona man who took more than $160,000 from undercover agents who claimed it was from drug deals and exchanging it for bitcoin.


Dairy farmers forced to adjust their practices during COVID-19 pandemic

The dairy industry has been forced to resort to extreme practices to offset sales lost because restaurants and schools have been shut down to stop the spread of novel coronavirus.


Businesses hurry up and wait, as relief funds dry up, new fund stalls

WASHINGTON - Mesa business owner Savannah Sander hoped a Paycheck Protection Program loan would keep her business afloat, when the $349 billion fund ran out of money week. Now, all she and other business owners can do is wait while Congress fights over plans to add another $251 billion to the program.


State, U.S. jobless claims dip slightly, but still ‘shockingly high’

WASHINGTON - After three weeks of record-breaking unemployment filings, jobless claims for the state and the nation dipped slightly last week, but they were still in what one economist called "shockingly high" territory.


COVID-19 in Arizona: 11,000 small businesses approved for loans

PHOENIX – Confirmed cases surpass 4,000 and the death toll stands at 150; peak of need for medical care predicted for April 30; and other updates from around the Grand Canyon State.


Hospitals near ‘financial extinction’ from limits to prep for COVID-19

WASHINGTON - Arizona hospitals are facing "dire financial consequences" and furloughing staff, as cutbacks meant to prepare for COVID-19 cases have instead cost them as much as $575 million a month, about 30-40% of normal revenues statewide.


Driving’s down – and that’s driving down insurance claims, premiums

TEMPE – Social distancing may drive you up the wall, but it could be also drive down your car insurance. With fewer cars on the road, claims have dropped as much as 90% in major cities, and most insurers have responded by pledging rebates, credits or direct payments to customers as a result.