(CNS) – Gains outweighed losses throughout the regional economy last month, pushing the unemployment rate in Riverside County down, according to figures released Friday by the California Employment Development Department. The jobless rate in August, based on preliminary EDD estimates, was 7.6%, compared to 7.9% in July. The August rate was 4 percentage points lower […]
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(CNN) — It’s a volatile day for bitcoin, which briefly fell by about 10% Tuesday — below the $43,000 mark. The drop comes after El Salvador made good on a plan announced in June and adopted the cryptocurrency as legal tender, making it the first country in the world to do so. That’s good news […]
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(CNN) — Social Security will have to cut benefits by 2034 if Congress does nothing to address the program’s long-term funding shortfall, according to an annual report released Tuesday by the Social Security and Medicare trustees. That’s one year earlier than reported last year. By that time, the combined trust funds for Social Security will be depleted […]
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The average price of a gallon of self-serve regular gasoline in Riverside County rose two-tenths of a cent to $4.313 Sunday, the fifth time in the last six days it has changed by two-tenths of a cent or less. The average price is 1.4 cents higher than one week ago, 4.9 cents more than one […]
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The challenges of the pandemic led many local business owners to apply for federal aid as a last resort. “We didn’t know how long it was going to last,” said Tim Kelly, COO of Fisherman’s Market & Grill. “We didn’t know what was going on, we had to.” Relief funds were limited and competition was […]
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The Federal Reserve left interest rates near zero Wednesday and said it would continue to use all the tools in its arsenal to support the still bouncing-back US economy. But it struck a somewhat more hawkish tone in its monetary policy update, saying it is prepared to “adjust the stance of monetary policy as appropriate if risks […]
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The Internal Revenue Service plans to delay this year’s tax filing deadline by roughly a month, to mid-May. Democratic Reps. Bill Pascrell of New Jersey and Richard Neal of Massachusetts, the chairman of the House Ways and Means Committee, said that the new deadline would be May 17. The IRS late Wednesday put out a statement confirming […]
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The average price of a gallon of self-serve regular gasoline in Riverside County rose Tuesday for the 50th consecutive day and 70th time in 71 days, increasing six-tenths of a cent to $3.838, its highest amount since Nov. 22, 2019. The average price has increased 65.8 cents over the past 71 days, including one cent […]
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