US unemployment drops unexpectedly to 13.3% amid outbreak
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
Wall Street's rally zooms higher after surprise gain in jobs
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
FTC warns of ‘large scale’ unemployment fraud scam amid coronavirus pandemic
The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims.
The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims.
1.9 million seek jobless aid even as reopenings slow layoffs
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Stocks fight for gains after Trump vows to quell rioting
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
Coronavirus could cause multitrillion-dollar decline in US economic output, new report shows
CBO expects a 'significant markdown' in GDP over the coming decade.
CBO expects a 'significant markdown' in GDP over the coming decade.
Stocks shrug off weekend riots, June begins on high note
ISM Manufacturing rose to 43.1 in May.
ISM Manufacturing rose to 43.1 in May.
Struggling to pay your mortgage? Credible CEO on 3 tips homeowners need to know
As the coronavirus pandemic cuts deep into Americans’ finances, millions of homeowners throughout the country are struggling to pay — or skipping entirely — their mortgage payments.
As the coronavirus pandemic cuts deep into Americans’ finances, millions of homeowners throughout the country are struggling to pay — or skipping entirely — their mortgage payments.
Stocks jump for month as oil posts record gain
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
Retailers preparing for future of shopping post-COVID-19
Retailers across the nation are scrambling to adjust to what the future of shopping will be in a post-COVID-19 world.
Retailers across the nation are scrambling to adjust to what the future of shopping will be in a post-COVID-19 world.
Stocks retreat as Trump preps social media and China crackdowns
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
Americans tapping retirement savings after coronavirus-led job loss, study finds
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
It’s not junk mail: Coronavirus stimulus payment debit cards come in plain envelope
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
Stocks pare gains fueled by America's reopening
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Stocks soar on reopening optimism
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
Where Americans are spending and saving money in coronavirus pandemic
Forty-five percent surveyed said they spent more during quarantine.
Forty-five percent surveyed said they spent more during quarantine.
Trump's pitch to voters: Trust me, economy will soar in 2021
President Donald Trump has a new pitch to voters for this fall. He's asking them to trust him when it comes to an economic recovery. The coronoavirus pandemic has put more than 38 million people out of work in the United States, and Trump is increasingly talking up a future recovery that probably won’t materialize until after the November election.
President Donald Trump has a new pitch to voters for this fall. He's asking them to trust him when it comes to an economic recovery. The coronoavirus pandemic has put more than 38 million people out of work in the United States, and Trump is increasingly talking up a future recovery that probably won’t materialize until after the November election.
Stocks post weekly gains after quiet Friday session ahead of Memorial Day
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
US existing home sales plunge 17.8% in April
The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.
The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.