US manufacturing improves in July, outlook clouded by coronavirus
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
Study: Many Americans could face poverty if stimulus benefits expire
A new study has revealed that millions of Americans are just months away from falling into poverty.
A new study has revealed that millions of Americans are just months away from falling into poverty.
Dire consequences if stimulus benefits expire
A new study has revealed that millions of Americans are just months away from falling into poverty.
A new study has revealed that millions of Americans are just months away from falling into poverty.
Record economic plunge, bleak jobs numbers reveal virus toll
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
U.S. average mortgage rates drop; 2.99% for 30-year loan
U.S. average rates on long-term mortgages declined this week, remaining near historic lows.
U.S. average rates on long-term mortgages declined this week, remaining near historic lows.
US is expected to report a record-breaking economic plunge
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.
Struggling merchants, insurers battle over pandemic coverage
Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers who say they are being miscast as potential saviors.
Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers who say they are being miscast as potential saviors.
Second stimulus check details revealed: Who is eligible?
The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
$600 weekly unemployment benefit ends, but will it be extended? Here’s what you need to know
The $600 weekly boost in jobless aid that millions of people have received since early in the pandemic is set to expire.
The $600 weekly boost in jobless aid that millions of people have received since early in the pandemic is set to expire.
Americans can determine if they are middle class with new income calculator
Pew Research Center reports that 52% of Americans are in middle-income households.
Pew Research Center reports that 52% of Americans are in middle-income households.
Business economists sketch a more hopeful outlook
In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.
In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.
The week in numbers: $600 in jobless benefits expires, a plan for 6M daily tests by December
This week saw details from a federal health organization’s efforts to ramp up coronavirus testing by December, the looming expiration of a key COVID-19 unemployment benefit made headlines, and health leaders discussed the need for states to incorporate different types of data into their coronavirus response.
This week saw details from a federal health organization’s efforts to ramp up coronavirus testing by December, the looming expiration of a key COVID-19 unemployment benefit made headlines, and health leaders discussed the need for states to incorporate different types of data into their coronavirus response.
‘Massive reductions’: Trump signs executive orders to lower prescription drug costs
The president discussed price discrepancies for prescription drugs between the United States and other countries.
The president discussed price discrepancies for prescription drugs between the United States and other countries.
Poll: Nearly half say job lost to coronavirus won't return
Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic believe those jobs are lost forever.
Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic believe those jobs are lost forever.
US new home sales jump 13.8% in June
The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.
The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.
Jobless claims rise as cutoff of extra $600 benefit nears
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
Why are coins hard to find during the pandemic?
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
LinkedIn laying off nearly 1,000 workers
CEO Ryan Roslansky said that positions in its global sales and hiring offices will be eliminated.
CEO Ryan Roslansky said that positions in its global sales and hiring offices will be eliminated.
Coronavirus prompts Country Time to offer lemonade stand stimulus checks for kids
The powdered beverage company Country Time is issuing stimulus checks to children who have had to shutter their summertime lemonade stands due to the current coronavirus pandemic.
The powdered beverage company Country Time is issuing stimulus checks to children who have had to shutter their summertime lemonade stands due to the current coronavirus pandemic.
Stress rises for unemployed as extra $600 benefit nears end
A major source of income for roughly 30 million unemployed people is set to end, threatening their ability to meet rent and pay bills and potentially undercutting the fragile economic recovery.
A major source of income for roughly 30 million unemployed people is set to end, threatening their ability to meet rent and pay bills and potentially undercutting the fragile economic recovery.