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Economist Paul Romer: To save American jobs, we must bring virus to 'screeching halt'

The Labor Department’s June jobs report seems to reflect a strengthening economy. After all, businesses across the country reopened during that month. But now coronavirus cases are soaring, raising questions about how we can have a functioning U.S. economy without…

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How the pandemic is reshaping American manufacturing

By Paul Solman

Long before the coronavirus pandemic, manufacturing in the U.S. was transformed -- and with it, daily life. Now COVID-19 is delivering a new blow to the industry. But some companies are pivoting to create the personal protective equipment that the…

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Lebanese major retailers to shut down amid economic crisis

By Sarah El Deeb, Associated Press

Major retailers in Lebanon announced they will temporarily close in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plunges against the dollar.

U.S. adds 4.8 million jobs as unemployment falls to 11.1%

By Christopher Rugaber, Associated Press

U.S. employers added a substantial 4.8 million jobs in June, as the job market improved for a second straight month.

Background checks, a metric for gun sales, hits an all-time high

By Lisa Marie Pane, Associated Press

Historic numbers of background checks to purchase or possess a firearm have been conducted in June. It's just the latest month with record-breaking numbers since the system was created in 1998.

U.S. House approves $1.5 trillion plan to fix crumbling infrastructure

By Matthew Daly, Associated Press

The bill also authorizes more than $100 billion to expand internet access for rural and low-income communities and $25 billion to modernize the U.S. Postal Service.

Federal Reserve meeting minutes show concern about steep economic downturn

By Martin Crutsinger, Associated Press

Fed officials noted that the crisis was not falling equally on all Americans. The minutes say officials discussed how the sharp rise in joblessness had been especially severe for lower-wage workers, women, African Americans, and Hispanics.

WATCH: White House holds news briefing amid a surge in U.S. virus cases

By Ricardo Alonso-Zaldivar, Associated Press

The Trump administration was slow to comprehend the scale of COVID-19's impact on nursing homes and a disjointed federal response has only compounded the devastating toll, according to a report from Senate Democrats.

WATCH: Gov. Cuomo delays indoor dining in New York City to avoid virus spike

By Karen Matthews, Marina Villeneuve, Associated Press

Gov. Andrew Cuomo said the ban on indoor dining would be confined to New York City, where he complained that compliance with social-distancing guidelines is dropping.

Some health experts criticize U.S. mass purchase of licensed virus drug

By Maria Cheng, Associated Press, Marilynn Marchione, AP Chief Medical Writer

The U.S. government announced this week that it had an agreement with Gilead Sciences to make the bulk of their production of remdesivir available to Americans for the next three months.