Apr 09 Wall Street climbs after Fed stuns markets again with aid By Stan Choe, Associated Press Stocks are rising in early trading on Wall Street after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak. Continue reading
Apr 09 Record 16.6 million have sought U.S. jobless aid since virus By Associated Press The figures collectively constitute the largest and fastest string of job losses in records dating to 1948. Continue reading
Apr 03 Government's relief program for small businesses off to a slow start By Ken Sweet, Joyce M. Rosenberg, Ryan J. Foley, Associated Press The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications. Continue reading
Apr 02 Watch 4:29 Stories from Americans suffering the pandemic's financial fallout The loss of jobs caused by the coronavirus pandemic and its fallout is unprecedented in the U.S. Over 10 million Americans became unemployed in the past two weeks alone -- and economists say there are many more who have not… Continue watching
Apr 02 Wall Street rises as higher oil prices revive energy stocks By Stan Choe, Damian J. Troise, Associated Press Stocks rose on Wall Street Thursday, largely due to gains for energy companies, after the price of oil bounced further off its lowest level in 18 years. Continue reading
Apr 01 Rent is due and many struggle to pay amid virus outbreak By Associated Press For millions of Americans, Wednesday is the first time the landlord is knocking on the door since the coronavirus outbreak turned the economy upside down. Continue reading
Mar 30 How the coronavirus' economic toll could also affect public health By Gretchen Frazee Health economists emphasize that how the U.S. responds to this crisis will affect the number of people who die not only from the virus itself, but from the side effects of an economic downturn. Continue reading
Mar 26 U.S. jobless claims hit 3.3 million, quadruple previous record By Associated Press The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Continue reading
Mar 06 Watch 4:52 News Wrap: February jobs report shows strongest U.S. hiring since 2016 In our news wrap Friday, the latest jobs report showed the strongest pace of hiring since 2016. The Labor Department said employers added a net 273,000 jobs in February, and the unemployment rate matched a 50-year low of 3.5 percent. Continue watching
Mar 06 U.S. added 273K jobs in February before virus escalated By Christopher Rugaber, Associated Press If employers were to start slashing jobs as a consequence of the virius, it could significantly escalate the economic damage. Continue reading