Watch 3:22
News Wrap: U.S. sees over 120,000 new COVID-19 cases in a day
In our news wrap Friday, the U.S. wave of coronavirus infections is still building. More than 120,000 new cases were reported in the last day, pushing the national total past 9.6 million with more than 235,000 deaths. Also, remnants of…
Watch 3:14
News Wrap: Fed keeps interest rate low, referencing ‘uncertain’ economy
In our news wrap Thursday, the Federal Reserve kept its benchmark interest rate near zero, as was expected. Jerome Powell, chair of the Fed, spoke after a two-day policy meeting about the “extraordinarily uncertain” economic outlook. Also, the remains of…
Watch 6:57
How the pandemic has shifted U.S. labor from services to goods
The last major economic report before Election Day indicates a 7.4 percent growth rate in economic output during the year’s third quarter. It’s a sharp rebound from the record plunge of the previous quarter, and the fastest pace since World…
Watch 6:21
The moral questions about how traders may have profited off the pandemic
In late February, when the pandemic was beginning to take hold in the U.S., President Trump and his team downplayed the risk to the American public. But a new report finds that key advisers to the president were conveying a…
While parts of the U.S. economy have recovered from the pandemic better and more quickly than expected, there are signs that millions of Americans could be without a job for six months or longer. That prospect -- along with the…
The last jobs report before Election Day showed the smallest monthly gain since May, raising concerns about a slowing and deeply uneven economic recovery. About half the initial 22 million jobs lost to the pandemic have been added back, but…
The Trump administration has announced a temporary national moratorium on evictions for tens of millions of renters who have lost work. The action comes via the Centers for Disease Control and Prevention, which says evictions pose a health hazard during…
The economic crisis caused by the coronavirus pandemic has lingered for months, but Congress is still far from passing additional relief. A few weeks ago, President Trump took steps toward granting more federal unemployment aid -- but that money is…
Throughout the Republican National Convention, supporters of President Trump have touted his economic record as a key reason they believe he should be reelected. But what would a second-term policy agenda look like for Trump, as the coronavirus pandemic continues…
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