Economy

Delta reports $5.4 billion net loss in third quarter

Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter, or a $6.9 billion pre-tax loss, and said improvements in

Layoffs Fell and Hiring Rose in August as Economy Regained Its Footing

U.S. job openings held up better than expected in August, defying predictions of a steeper slowdown after four months of strong growth, while

Detached from reality? Why U.S. stocks just hit a new high

Has Wall Street missed the news that we are in a pandemic?

Jobless claims fall to 963,000, ending 20-week streak of claims above a million

The number of new applications for unemployment benefits last week was 963,000, the Labor Department reported Thursday, as jobless claims for

Rep. Buck: Actual national debt is $30 trillion, 'There's no conversation' in D.C. about repaying it

'This troubles me greatly, but all I see is more spending' with 'no conversation in Washington D.C. about how to pay this money back,’ Rep. B

1.2M jobless claims filed last week, marking 20 straight weeks of more than a million

The number of new applications for unemployment benefits last week was 1.2 million.

Disney Theme Parks Report $3.5B in Losses Due to Coronavirus Pandemic

Walt Disney Co. reported that its net income plummeted dramatically in the three-month period.

Netflix shares sink as company sees growth slowing after coronavirus-driven subscriber surge

Shares in Netflix fell sharply on Friday after the streaming giant reported lower-than-expected second quarter revenue and meager expectation

Retail sales increased 7.5% in June, beating economists' expectations

Retail sales increased 7.5% in June, the U.S. Census Bureau reported on Thursday.

Jobless claims fall, even as states reimpose restrictions

Initial jobless claims continued to fall last week, even as a slew of states hard-hit with COVID-19 reintroduced restrictions.

Uber Thins Out the Competition by Buying Delivery Service Postmates

Ridesharing giant Uber is reportedly set to purchase the fourth-largest food delivery service, Postmates, for $2.65 billion in stock.

Private Payrolls Estimated To Rise by 2.37 Million in June, May Revised Up By 5.2 Million

U.S. private payrolls increased by 2.369 million in June, the ADP National Employment Report showed on Wednesday.

Weekly Jobless Claims Remain Stubbornly High at 1.48 Million

Nearly one and a half million Americans lost their jobs last week.

Oil demand to make record recovery in 2021 after historic fall

Global oil demand is on pace to fall by a record amount this year due to the pandemic, but will rebound to its largest increase ever in 2021.

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.