U.S. now in recession expected to last until September, UCLA forecasts
The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.
The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.
Stock futures plunge after Fed takes emergency action
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.
Fed takes emergency steps to slash rates and ease bank rules
The Federal Reserve takes emergency action Sunday and slashes its benchmark interest rate by a full percentage point to nearly zero and announces it will purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak
The Federal Reserve takes emergency action Sunday and slashes its benchmark interest rate by a full percentage point to nearly zero and announces it will purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak
Nike to temporarily close United States retail stores starting Monday
Nike announced Sunday that it would be closing its retail stores starting Monday for two weeks in an effort to combat COVID-19.
Nike announced Sunday that it would be closing its retail stores starting Monday for two weeks in an effort to combat COVID-19.
Walmart changes hours to restock, clean stores amid coronavirus pandemic
Walmart is changing store hours to get shelves restocked with high-demand products amid the coronavirus pandemic.
Walmart is changing store hours to get shelves restocked with high-demand products amid the coronavirus pandemic.
Coronavirus puts wedding industry on edge
Guests are jittery, travel is tangled, and soon-to-be brides and grooms are facing tough choices because of the coronavirus outbreak: postpone, cancel or forge ahead with their weddings?
Guests are jittery, travel is tangled, and soon-to-be brides and grooms are facing tough choices because of the coronavirus outbreak: postpone, cancel or forge ahead with their weddings?
US economy comes to grinding halt with virus-related shutdowns
Damage from the coronavirus has pummeled the U.S. economy with breathtaking speed and force
Damage from the coronavirus has pummeled the U.S. economy with breathtaking speed and force
Stocks rally on government's coronavirus plan
A rally on Wall Street accelerated after President Donald Trump declared the coronavirus pandemic a national emergency. The Dow saw its largest percentage gain since 2008.
A rally on Wall Street accelerated after President Donald Trump declared the coronavirus pandemic a national emergency. The Dow saw its largest percentage gain since 2008.
Bill Gates steps down from Microsoft, Berkshire Hathaway boards
Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.
Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.
Shareholders can't attend Warren Buffett's annual meeting in Omaha
Berkshire Hathaway chairman Warren Buffett told shareholders Friday that they won't be allowed to physically attend the company's May 2 annual meeting in Omaha because of the coronavirus threat.
Berkshire Hathaway chairman Warren Buffett told shareholders Friday that they won't be allowed to physically attend the company's May 2 annual meeting in Omaha because of the coronavirus threat.
U-Haul offering 30 days of free storage to college students affected by coronavirus closures
U-Haul is offering 30 days of free self-storage to college students who have to move due to school closures for coronavirus.
U-Haul is offering 30 days of free self-storage to college students who have to move due to school closures for coronavirus.
Wall Street has worst day since 1987 amid virus pandemic
The S&P 500 plummeted 9.5%, for a total drop of 26.7% from its all-time high, set just last month. That puts it way past the 20% threshold to make this a bear market, snapping an unprecedented, nearly 11-year bull-market run. The Dow Jones Industrial Average sank 10% for its worst day since a nearly 23% drop on Oct. 19, 1987.
The S&P 500 plummeted 9.5%, for a total drop of 26.7% from its all-time high, set just last month. That puts it way past the 20% threshold to make this a bear market, snapping an unprecedented, nearly 11-year bull-market run. The Dow Jones Industrial Average sank 10% for its worst day since a nearly 23% drop on Oct. 19, 1987.
Modell's Sporting Goods to close remaining stores
The New York-based retailer will start liquidation sales Friday morning.
The New York-based retailer will start liquidation sales Friday morning.
Stocks recoup most big losses as investors await virus aid
Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.
Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.
Mayor asks businesses to let workers telecommute if possible
The mayor wants New York City businesses to let their employees telecommute if possible.
The mayor wants New York City businesses to let their employees telecommute if possible.
Oil free-fall, coronavirus fears slam markets; Dow drops 7.8%
A drop on Wall Street was so sharp on Monday that it triggered the first automatic halt in trading in more than two decades.
A drop on Wall Street was so sharp on Monday that it triggered the first automatic halt in trading in more than two decades.
Will sick leave protect me if I get ill from coronavirus? 5 questions answered
The answer will depend on your employer’s policy, the laws of your state and the reason you will be away.
The answer will depend on your employer’s policy, the laws of your state and the reason you will be away.
Oil prices plunge over coronavirus fears
Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.
Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.
Stocks sink, bond yields take another breathtaking drop
Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.
Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.
Airlines widen the middle seat but it could cost you
Frontier Airlines, Spirit Airlines, Air New Zealand, and Korean Air have been experimenting with adding an extra inch to widen the middle seat on planes.
Frontier Airlines, Spirit Airlines, Air New Zealand, and Korean Air have been experimenting with adding an extra inch to widen the middle seat on planes.