Economy

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.

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

Trump announces $19B to farmers, ranchers to 'maintain the health' of the food supply chain amid coronavirus

President Trump announced a $19 billion coronavirus food assistance program to support farmers and ranchers.

Fed Chair Warns Economy May Not Fully Rebound Until End of 2021, Could Require a Vaccine

Federal Reserve chairman Jerome Powell warned in an interview released on Sunday that a full economic rebound following the coronavirus pande

Where Does the Money Go? Where Should It?

The Cuomo–Scott cage match replicates the American debate in miniature.

America's debt threatens our national security

As the coronavirus and the ensuing lockdown hits the American economy, Congress has passed over $2.7 trillion in the stimulus.

Retail sales dropped more than 16 percent in April as coronavirus seized economy

U.S. retail sales plunged more than 16 percent in April as COVID-19 and the measures to contain it closed thousands of stores across the coun

What The Coronacrisis Tells Us About Marriage

As the economy continues to reel and some industries may take time to come back, now is not the time to think small

White House economic adviser says unemployment rate could rise to 20% in May

Top Trump economic adviser Kevin Hassett estimates that next month's unemployment rate could go even higher, possibly hitting "around 20%."

Texas salon owner gets 7 days in jail for reopening

A Dallas County judge offered Shelley Luther, the owner of Salon a la Mode, a deal — apologize for being selfish for having her salon open wh

Minnesota has more COVID-19 deaths than non-lockdown neighbors, more unemployment than New York

Imagine taking a non-hot spot for coronavirus, locking down the people, achieving a worse outcome than surrounding states that didn’t lock do