Posted on · More than 1 in 4 U.S. workers have lost their jobs since coronavirus shutdowns began. Last week, an additional 2.1 million people filed for unemployment benefits.
Posted on · The number of people seeking jobless benefits shot up again last week, as 6.6 million more of the unemployed filed first-time claims. Much of the economy has shut down, leaving millions out of work.
Posted on · A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It's nearly five times the levels seen during the Great Recession.
Posted on · The Dow Jones Industrial average plummeted 1,500 points after President Trump announced new emergency steps, including suspending foreclosures and evictions until the end of April.
Posted on · Markets are falling sharply after the Federal Reserve aggressively cut interest rates to near zero. The Dow tumbled more than 2,700 points — nearly 12% — as coronavirus measures expanded.
Posted on · A day after posting its biggest drop since the Black Monday crash of 1987, the Dow jumped as Congress prepared a measure to help cushion the economic blow of the coronavirus.
Posted on · The stock market continued its drop after President Trump announced a 30-day ban on travel from Europe. The Dow opened down 7%, moving deeper into a bear market and trading was halted temporarily.
Posted on · Oil prices dropped as much as 30% following the unexpected Saudi decision to cut prices and boost production. The move reflects the uncertainty surrounding the coronavirus and its economic effects.
Posted on · The credit reporting agency will pay up to $700 million in fines and monetary relief to consumers over a 2017 data breach that affected nearly 150 million people, including 12.1 million Texans.
Posted on · The economy continued to add jobs at a steady pace last month and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.
Posted on · A key measure of the economy's health showed a dramatic pickup, which President Trump called "amazing." But some analysts doubt the higher growth rate will last.
Posted on · The economy gained a stronger-than-expected 223,000 jobs and the unemployment rate edged down to an 18-year low. President Trump hinted at a strong report more than an hour before its release.
Posted on · U.S. stock indexes surged about 3 percent Monday after fears eased of a trade war with China. The two major trading partners reportedly are negotiating to improve U.S. access to Chinese markets.
Posted on · The stock market was up more than 250 points just before 10 a.m on Tuesday, after one of its worst days in history
Posted on · The embattled director of Consumer Financial Protection Bureau says he will resign by the end of November. Cordray was a frequent target of Republican lawmakers for his tough stance on banks