Economy

New York Manufacturing Business Optimism Hits Highest Level in a Decade

The New York Fed’s Empire State Manufacturing Survey showed its general condition index rose a sharp 48 points to negative 0.2 in June.

Mnuchin: White House seriously considering second round of stimulus checks

Treasury Secretary Steven Mnuchin has signaled that the Trump administration is considering another round of stimulus checks as many American

Producer Prices Rose 0.4% in May, Led by Food and Energy

U.S. wholesale prices rose 0.4 percent in May, led by gains in the cost of food and energy.

Uber Eats waives fees for black-owned restaurants

Uber announced last week that it would help customers support black-owned businesses and restaurants through its app.

Fed predicts unemployment will fall to 9.3 percent by end of 2020

Federal Reserve officials expect the unemployment rate to remain above 9 percent until the end of 2020.

BP To Slash 10,000 Jobs As Coronavirus Creates Slump In Energy Markets

Oil and gas giant BP announced Monday that it will cut 10,000 jobs from its global workforce.

Unemployment Falls to 13.3% and Economy Adds 2.5 Million Jobs

The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business ac

Dow Rises More Than 500 Points, Nasdaq Nears Record High

The Dow Jones Industrial Average rose 527 points, or 2.05 percent. The S&P 500 moved up 1.36 percent, its fourth day of gains. The tech-heavy

Initial jobless claims drop to 1.9 million

Initial unemployment claims for the last week of May fell to 1.9 million, from peak of 6.9 million.

U.S. Businesses Estimated to Have Shed 2.7 Million Jobs in May, Far Fewer Than Expected

Businesses in the United States shrank their payrolls by 2.76 million, according to a report Wednesday from ADP and Moody’s Analytics.

Stocks continue winning streak amid protests

Stocks continued winning streak, despite widespread protest and continued unrest around the country.

Anarchy Breaks Out in New York City

The hours before the 11 p.m. curfew in New York City were characterized by chaos and crime.

U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending

The personal savings rate hit a historic 33% in April, the U.S. Bureau of Economic Analysis said Friday.

Over 2.1M Americans filed for unemployment last week, pushing total job losses to 40M from coronavirus lockdown

Economists surveyed by Refinitiv expected 2.1 million Americans filed for first-time jobless benefits last week.

Markets open with big gain as traders return to the NYSE floor and reopening efforts ramp up

The Dow rose more than 600 points Tuesday morning.

Stocks turn slightly higher early Thursday after weekly jobless claims, final earnings reports, and rising China tensions

U.S. stocks were lower midday Thursday as investors digested a fresh round of corporate results and economic data, including a report that sh