Feb 04 WATCH: Labor Secretary nominee Marty Walsh testifies before Senate committee By Associated Press If the Senate Health, Education, Labor and Pensions Committee approves the Walsh nomination, the full Senate will make a final vote in the coming days. Continue reading
Feb 04 WATCH: Experts, leaders testify before House on the small business economy during COVID-19 By Joyce M. Rosenberg, Associated Press As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. Continue reading
Feb 04 U.S. unemployment claims fall to 779,000 but job cuts grind on By Christopher Rugaber, Associated Press The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic. Continue reading
Feb 03 Watch 7:04 How unconventional trading led to turmoil on Wall Street By Paul Solman, Lee Koromvokis In late January, a handful of unlikely Wall Street stocks began skyrocketing in value, which has led to big market volatility. The spike was driven by an unconventional group of traders who had banded together on a buying spree, determined… Continue watching
Feb 03 Ecuador to pick new president amid deepening economic crisis By Regina Garcia Cano, Gonzalo Solano, Associated Press Voters in Ecuador are heading to the polls to pick a new president amid a deepening economic crisis exacerbated by the coronavirus pandemic. Continue reading
Feb 03 Why U.S. hiring could rebound faster than expected By Christopher Rugaber, Associated Press A hopeful view is gaining steam that as vaccinations reach a critical mass in the United States, perhaps around midyear, the economy and the job market will strengthen much faster. Continue reading
Feb 03 WATCH: Senate debates budget resolution that could lead to COVID-19 relief funding By Associated Press Biden encouraged Democratic lawmakers to “act fast” on his $1.9 trillion COVID-19 rescue plan but also signaled he's open to changes, including limiting the proposed $1,400 direct payments to Americans with lower income levels. Continue reading
Feb 02 Jeff Bezos, Amazon's founder, will step down as CEO By Joseph Pisani, Associated Press Amazon said he'll be replaced in the fall by Andy Jassy, who runs Amazon's cloud business. Bezos will then become the company's executive chairman. Continue reading
Feb 02 WATCH: Senate Majority Leader Schumer holds press conference on COVID-19 aid By Associated Press "We are not going to dilute, dither or delay," Senate Majority Leader Chuck Schumer said Tuesday at a Capitol Hill press conference, "The needs of the American people are just too great."… Continue reading
Feb 02 It's not just GameStop worrying Wall Street about a market bubble By Stan Choe, Associated Press Wall Street was always quick to justify recent record heights, even as the pandemic took its toll on people's health and the economy. But some of the market's recent, huge moves have become more difficult to explain. Continue reading