US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
Apple reaches $2 trillion market value as tech fortunes soar
The iPhone maker reached the $2 trillion milestone in Wednesday's early stock market trading when its shares surpassed $467.77.
The iPhone maker reached the $2 trillion milestone in Wednesday's early stock market trading when its shares surpassed $467.77.
Amazon to add 3,500 jobs within these US tech hubs
Amazon Inc. announced plans Tuesday to expand operations and add thousands of jobs within six major U.S. tech hubs across the country.
Amazon Inc. announced plans Tuesday to expand operations and add thousands of jobs within six major U.S. tech hubs across the country.
Number of Americans filing for unemployment falls below 1M for first time since pandemic started
The number of Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in mid-March.
The number of Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in mid-March.
US budget deficit climbs to record-setting $2.81 trillion
The Treasury Department says the U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year.
The Treasury Department says the U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year.
Lacking Congressional approval, legal experts question authority over latest executive orders
Since the pandemic started in the US, 9.7 million Californians have filed for unemployment, and more than 4-million are currently collecting benefits.
Since the pandemic started in the US, 9.7 million Californians have filed for unemployment, and more than 4-million are currently collecting benefits.
Trump signs executive orders allowing some unemployment pay, defers payroll tax
At his private country club in Bedminster, New Jersey, Trump signed executive orders to act where Congress hasn't.
At his private country club in Bedminster, New Jersey, Trump signed executive orders to act where Congress hasn't.
President Trump discusses economic relief as virus talks collapse
President Donald Trump is expected to make an announcement about that status of strained negotiations over another economic stimulus bill.
President Donald Trump is expected to make an announcement about that status of strained negotiations over another economic stimulus bill.
US adds 1.8 million jobs in July, a dip from previous months
The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.
The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.
1.2 million seek jobless aid after $600 federal check ends
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
American Airlines quietly stops operations out of Oakland, warns of hundreds of layoffs at SFO
American Airlines has quietly ceased operations out of Oakland Airport and warned of possible furloughs of hundreds of workers at San Francisco International Airport.
American Airlines has quietly ceased operations out of Oakland Airport and warned of possible furloughs of hundreds of workers at San Francisco International Airport.
Johns Hopkins interactive tool shows how state shutdowns, reopenings may have affected COVID-19 cases, deaths
The tool allows users to see when a particular state initiated a restriction, closing or opening measure from late January to early August.
The tool allows users to see when a particular state initiated a restriction, closing or opening measure from late January to early August.
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.
CEOs warn Congress of 'catastrophic' pandemic impact on small businesses without more federal aid
Leaders from some of America’s largest companies signed an open letter to Congress urgently calling for lawmakers to help small businesses.
Leaders from some of America’s largest companies signed an open letter to Congress urgently calling for lawmakers to help small businesses.
Marathon Martinez Refinery 'indefinitely idled'
The company is also putting a New Mexico refinery on indefinite hold and announced that most jobs would be lost at the two sites, with phased layoffs starting in October.
The company is also putting a New Mexico refinery on indefinite hold and announced that most jobs would be lost at the two sites, with phased layoffs starting in October.
Federal unemployment bonus payment program expires at midnight, millions impacted
In its simplest terms, failure to renew this program will be yet another major economic disaster.
In its simplest terms, failure to renew this program will be yet another major economic disaster.
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.
California minimum-wage jump to hit virus-battered companies
The Democratic governor had the authority to suspend the scheduled increase given the state's troubled economy.
The Democratic governor had the authority to suspend the scheduled increase given the state's troubled economy.
Homeland Security agents have seized more than $7M in COVID-19 fraud proceeds, made 53 arrests
The agency made the announcement to mark 100 days since the April launch of Operation Stolen Promise, meant to "protect the Homeland from the increasing and evolving threat posed by COVID-19-related fraud and criminal activity."
The agency made the announcement to mark 100 days since the April launch of Operation Stolen Promise, meant to "protect the Homeland from the increasing and evolving threat posed by COVID-19-related fraud and criminal activity."
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.