Economists urge Congress to send out second round of $1,200 stimulus checks
A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.
Guitar Center files for Chapter 11 bankruptcy amid ongoing COVID-19 pandemic
Guitar Center has filed for Chapter 11 bankruptcy, citing financial hardships due to the ongoing COVID-19 pandemic.
UK signs trade deal with Canada to prepare for Brexit
The U.K. has signed an interim trade deal with Canada to give the government more time to negotiate future trading rules as it prepares the country for business life outside the European Union.
Unemployment claims increase to 742,000 as COVID-19 cases surge
The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
Biden vows to strengthen economy despite exploding COVID-19 pandemic
President-elect Joe Biden on Monday outlined his plans to boost the U.S. economy but said any structural reforms depend first on reining in the COVID-19 pandemic.
Trump to ban Americans from investing in Chinese companies
Trump targets China's capital markets.
US piles up record October budget deficit of $284.1 billion
The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, nearly double the red ink of the same month a year ago.
709,000 seek unemployment aid as pandemic escalates
The number of people seeking unemployment benefits fell last week to 709,000, the fourth straight drop and a sign that the job market is slowly healing.
Lyft's results show pain but also hope as some riders return
Lyft is still feeling the pandemic's severe impact on the ride-hailing industry.
Census Bureau denies census workers' fake data allegations
Census workers told The Associated Press they were pressured to do so.
Stocks surge on Wall Street amid vaccine news, US election outcome
The Dow Jones Industrial Average surged 1,500 points, or 5.4%, in early trading Monday and the S&P 500 jumped 3.7% after drugmaker Pfizer said early data show its coronavirus vaccine looks highly effective.
751,000 seek unemployment benefits as pandemic hobbles US economy
The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.
Stocks shake off 2020 election night wobbles to rally
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.
Concerns over endangered whales could delay commercial crab season
A decision is coming soon as to whether crabs will be in markets in time for the Thanksgiving holiday.
Losses mount for oil companies as pandemic grips economy
The string of losses and what by almost all counts will be a money-losing year is new territory for Exxon Mobil, which has not posted an annual loss since Exxon and Mobil merged in 1999.
Tech giants report strong results, but murky outlooks
While all five — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — exceeded analyst expectations, gloomy forecasts and other uncertainties led to share-price declines for all but Alphabet in after-market trading.
American unemployment claims fall to 751,000; coronavirus resurges
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
Visa 4Q profits plunge as pandemic slows payments worldwide
Payments on the Visa network are down 11.9% from same period a year earlier, and the number of transactions performed is also down 23.6% from the quarter before.
Pelosi 'remains optimistic' about COVID-19 relief package before Election Day
Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.
Stocks plunge as COVID-19 cases surge in US
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.