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WASHINGTON — The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The number of applications increased from 862,000 the previous week. It showed that nine months after the viral pandemic paralyzed the economy, many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home. Before the coronavirus erupted in March, weekly jobless claims had typically numbered only about 225,000. The far-higher current pace of claims reflects an employment market under stress and diminished job security for many.The new figures were released as federal lawmakers neared a deal for further COVID-19 stimulus, which could include government-issued checks and extended unemployment benefits. 884

VIRGINIA BEACH, Va. - As COVID-19 continues to wreak havoc on nearly all facets of life – your emergency fund is more important than ever."The industry standard is three to six months of living expenses in some kind of reserve," said Phil Maliniak, Financial Advisor with Wealth Avenue in Virginia Beach.Maliniak says putting together a nest egg is easy."It starts with understanding what you are doing each month a clear vision of where does my money go," he said.He says to start by paying yourself first – then run down a list of all your monthly expenses – and see what surplus is left."Make a checklist of each month, where does it all go, and how do I get my hands on the difference," he stated.To build a surplus, Maliniak says look at things you can ditch. Daily cups of coffee, donuts, streaming services, online shopping, etc. He says then look for incentives."There are little tricks bank accounts and credit card companies have come out with as they pay you every time you buy something or there are cashback options," he said.Another tip, since the virus is limiting what we all can do – stash away the extra income you would have used to go to restaurants, movie theaters, bars, concerts, or sporting events. He says also considers refinancing your loans since the Federal Reserve has slashed interest rates."If you create a reserve, you can create your own bank, and then you can borrow from your bank anytime and determine your own rates," he said.This story was first reported by Chelsea Donovan at WTKR in Norfolk, Virginia. 1550

VISTA, Calif. (KGTV) -- The suspect deputies say broke into a Vista bike shop and stole more than ,400 worth of merchandise has been arrested.Ronald Gardner of Escondido was arrested on March 28 after deputies served a search warrant at his home.Gardner was arrested and booked into the Vista Detention Facility for burglary, possession of stolen property and possession of a controlled substance.Deputies also say three bicycles and some of the stolen sunglasses and bicycle parts were recovered and given back to the owner of the bike shop.RELATED: Vista bike shop targeted by thieves for the third time in six months?The owner of the “211 Bikes,” Jesse McCormack, found out that his shop had been burglarized after receiving a call from his security company.McCormack said this was the third time in six months the bike shop had been broken into. 874

WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.In the week ending July 4, the advance figure for seasonally adjusted initial claims was 1,314,000, a decrease of 99,000 from the previous week’s revised level, the U.S. Department of Labor said Thursday.The persistently elevated level of layoffs is occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.Those six — Arizona, California, Colorado, Florida, Michigan and Texas — make up one-third of the U.S. economy. Fifteen other states have suspended their reopenings.Collectively, the pullback has stalled a tentative recovery in the job market and is likely triggering additional layoffs.A resurgence of confirmed viral cases is threatening to derail what had looked like the start of an economic recovery. The economy and the job market may struggle to sustain any gains amid the surge in new reported infections.The jobs report comes after the U.S. surpassed 3 million COVID-19 cases this week, according to an ongoing tally by Johns Hopkins University. America continues to lead the world in confirmed cases. 1287

WASHINGTON (AP) — In her Republican National Convention speech, Kimberly Guilfoyle described herself as a first-generation American, citing her mother's Puerto Rican roots.But Puerto Rico is a U.S. territory, and its residents are U.S. citizens.Guilfoyle, a Trump campaign adviser and the girlfriend of Donald Trump Jr., cited her family history on Monday to make the case that she knows how dangerous a socialist agenda would be for the nation.She says her mother was a special education teacher from Aguadilla, Puerto Rico, while her father, whom she described as “also an immigrant, came to this nation in pursuit of the American dream.” Her father is from Ireland.Now, she says, “I consider it my duty to protect that dream.”The Trump campaign did not immediately respond to a request for clarification. 815