The pandemic is almost sure to leave a mark on the way people work, shop and socialize, perhaps permanently shifting the way many service industries operate. Consumers will think harder about the health implications of squeezing into crowded restaurants and movie theaters. More businesses will accept the effectiveness of employees who work from home, and the move to online shopping will accelerate.
The early gains have lifted the S&P 500 out of the bear market that began on March 12. The index needs to close above 2684.88 to officially exit.
Trying to save the roof over your head. That's on the minds of millions right now. The COVID-19 crisis has forced people out of work and forced them to make tough choices. FOX 10's Linda Williams has the details.
The company said it will resume production of its live classes after April 30.
Speaker Nancy Pelosi said Monday that another $1 trillion is needed for the next coronavirus rescue package.
Stocks closed broadly higher on Wall Street Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of the coronavirus outbreak could be slowing in some of the hardest-hit areas.
The number of new cases over the weekend in New York City, the U.S.’s epicenter for the virus, rose by 30.4 percent versus last week, down from a 46.1 percent jump the week prior.
The major futures indexes are indicating a decline of 1.3 percent when trading begins.
Sephora announced that due to the COVID-19 pandemic it has laid off “a portion” of its part-time and seasonal store employees.
The retailer will limit the number of customers who can be inside the store at one time.
Congress decreed that employees on furlough do qualify for unemployment benefits.
The federal government's relief program for small businesses is off to a slow start Friday, with only some businesses able to apply and several banks either not accepting applications or seeing long waits to do approvals.
The promotion runs through June 30.
The company will also be ending emergency leave pay and suspending use of company-provided paid time off benefits.
Corona beer has ceased production after Mexico's government said that the business was non-essential, forcing it to temporarily suspend operations.
A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that’s all but shut down the U.S. economy.
About half of all working Americans report some kind of income loss affecting themselves or a member of their household due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed.
The Dow Jones Industrial Average rose over 469 points, or 2.2. percent.
Target is taking new steps to combat the spread of coronavirus at its stores.