Trump Signs $484 Billion Coronavirus Relief Bill To Boost Small Business, Hospitals And Testing
The bill includes $370 billion for small business aid, $75 billion for hospitals and $25 billion for testing during the ... Read more
GOP's Kevin Brady: Punishing Businesses With Higher Taxes Would Hurt 'blue-collar' Workers
"I don't think making us less competitive, less attractive, and taking more of what people earn will ultimately be the a... Read more
US Consumer Sentiment Falls For A Third Consecutive Month
U.S. consumer sentiment fell for a third straight month as people weigh the coronavirus pandemic and the possibility of ... Read more
Some Gig Workers Are Getting $0 In Unemployment Benefits
Gig workers and other self-employed individuals are trying to make sense of yet another wrinkle in a roundabout process ... Read more
US Core Capital Goods Orders Unexpectedly Rise In March, While Durable Goods Orders Plunge 14.4%
U.S. orders for long-lasting factory goods were expected to drop 11.9% in March as the Covid-19 outbreak took hold. Dura... Read more
The US Economy Has Wiped Out All The Job Gains Since The Great Recession
The jobless claims report showed that it took only five weeks for the U.S. economy to erase all the job gains since the ... Read more
US Weekly Jobless Claims Hit 4.4 Million, Bringing 5-week Total To More Than 26 Million
The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the... Read more
A 'U,' A 'V' Or Maybe A Nike Swoosh? Economists Try To Predict What A Recovery Will Look Like
As data points come in, they'll largely tell a story about the present and the near past. What they won't provide, at le... Read more
Another 4.3 Million Workers Expected To Have Filed Unemployment Claims
About 4.3 million workers are expected to have filed unemployment claims last week, bringing virus-related layoffs to ov... Read more
Chamath Palihapitiya: We've 'ripped The Philosophical Band-aid Off' On Universal Basic Income
The Social Capital CEO has been critical of the United States' economic reaction to the Covid-19 pandemic, saying that s... Read more
Massive Layoffs And Pay Cuts Are Likely Coming To State And Local Governments As Federal Aid Goes Elsewhere
State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavi... Read more
Reopening Businesses Will Be Harder Than Shutting Them Down, Says Disaster Recovery Expert
"Even in sectors where we're not used to seeing it, we're going to have to see personal protective equipment on all empl... Read more
US Auto Sales Recovering During Coronavirus Pandemic But Still Significantly Down, J.D. Power Says
Sales this month are still expected to be down about 50% compared with April 2019. However, the decline is far less than... Read more
Weekly Mortgage Demand Stalls, Even With Interest Rates At A Record Low
Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a f... Read more
New York Fed President Williams Says The Economy Won't Be Back To 'full Strength' By End Of 2020
Areas such as construction should be the first to come back, John Williams told CNBC. Read more