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
Poll: 78% Of Americans Are Willing To Pay More For Non-China Made Products
40% won’t buy anything from China now.
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