Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed...
ABC News’ Rebecca Jarvis explains the significance of the U.S. economy’s 32.9% drop last quarter. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC ...
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A Florida man has been fired from his job as an insurance agent after his videotaped tirade when asked to wear a face mask at a Costco Wholesale store drew a massive audience on social media. The video posted Monday on Twitter shows a man wearing flip-flops and a red T-shirt emblazoned with "Running the world since 1776" shouting in the store after reportedly being asked why he was not wearing a face covering, as required at all Costco locations.
Second stimulus checks could be sent as early as August.
Stocks moved higher to start the third quarter.
Trump supports second stimulus checks.
The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approa...
China National Biotec Group (CNBG) says tests show its vaccine is safe, and now looks to clinical trials overseas; China has five vaccines under clinical study, with Sinovac Biotech’s candidate also completing a phase two trial.
The market attempted to recover from a massive sell-off on Thursday.
Health officials started the news conference by announcing 528 new cases of COVID-19 and seven more deaths.
Federal Reserve Chairman Jerome Powell said he believes millions of people will not ‘get to go back to their old job’ and ‘there may not be a job in that ind...
Hedge funds in Hong Kong are exploring exit strategies from Asia's financial hub as Beijing's new security law threatens data privacy and capita...
If you’re counting on a second stimulus check, you may want to reconsider.
U.S. exports and imports both posted their largest monthly decreases on record amid coronavirus-related shutdowns around the world.
1.88 million more Americans filed initial unemployment claims last week due to the coronavirus pandemic, which was in line with expectations showing a downward trend in jobless claims. Aired on 06/04/2020. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more. Connect with MSNBC Online Visit msnbc.com: http://on.msnbc.com/Readmsnbc Subscribe to MSNBC Newsletter: http://MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc Additional 1.88 Million People File For Unemployment, Matching Expectations | Morning Joe | MSNBC
"I know a lot of the protesters are so annoyed they don't want to hear about Covid anymore," Cuomo said on Tuesday. "Covid is yesterday's news.' No, Covid is still a problem. Covid still kills also, so be mindful and respectful of that."
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.
Trump will make an announcement regarding U.S.-China relations on Friday.
Government borrowing has surged to its highest level on record, underlining the scale of the economic damage caused by the coronavirus pandemic. The deficit, the difference between government spending and tax receipts, soared to more than £62 billion in April, due to the level of financial support provided by the Treasury, to help businesses and employees through the crisis. The hole in the government finances wasn't helped by a big drop in retail sales. They plummeted by a record amount in April, as many high street stores closed in the coronavirus lockdown. Clothing sales were hit hardest, down more than 50 per cent, although online spending online rose. The company which owns the coach firm Shearings has gone into administration. The Specialist Leisure Group, which is based in Wigan and employs more than 2,500 people also runs the brands UK Breakaways, Caledonian Travel and Country Living Hotels. Clive Myrie presents BBC News at Ten reports from Economics Editor Faisal Islam, Business Correspondent Emma Simpson and Judith Moritz in Wigan. Please subscribe HERE http://bit.ly/1rbfUog
Chancellor is expected to start asking companies to share the cost of the scheme which will run until October
China will not set a specific target for economic growth this year — a sign of how much uncertainty the coronavirus pandemic has caused the world's second largest economy.
Government sets out plan to cut tariffs, with many import duties to be reduced to zero
Buffett sold 84% of his stake in Goldman Sachs, a longtime holding.
Ministers set out plans for opening shops, takeaway restaurants and offices safely
Kevin Hassett predicted that the unemployment rate will likely reach its peak in May or June.
An overwhelming majority of Brits are scared of a second wave of coronavirus and do not want Boris Johnson to lift the lockdown yet - despite concern for their jobs - a Deltapoll survey has found
The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
An industry insider has revealed Government guidelines to allow safe return to work for seven key sectors could be in place for a year due to fears the virus is seasonal
US president escalates attack on Beijing’s handling of coronavirus pandemic
A rising number of states will start to reopen this week, despite the risk people will get sick from the coronavirus. In California, people crowded beaches over the weekend, even though a stay-at-home order is still in place. In Georgia, some businesses are now open to customers, after a controversial decision by the state's governor. Mark Strassmann reports on the state of lockdowns across the country.
Here are 19 stocks that will benefit from new consumer trends once quarantine orders are lifted.
Oil prices gained ground on Thursday after US President Donald Trump issued a bellicose tweet leading to supply fears in the key oil producing r...
So, that's what it means.
President Donald Trump's make America open again campaign will deliver exactly what he wants Thursday -- a victory lap over the coronavirus pandemic that leaves the life and death decisions to others.
Investors have largely turned bullish on megacap tech names, even in the face of terrible economic and jobless data and a looming recession.
We have been talking about those small business loans. There has been frustration has many have been applying and banks were not prepared or overwhelmed. But we are hearing some applications started getting approved Friday. Now the SBA is officially starting to accept applications for the Paycheck Protection Plan Loan from independent contractors and sole proprietors.
Jim Cramer says Americans are flattening the Covid-19 curve, while the Fed and Treasury are getting ahead of the economic curve.
Over 16 million people have filed for unemployment over the last three weeks as many businesses shut down due to COVID-19. #ABCNews #BreakingNews #Covid19 #JoblessClaims #Unemlployment #UnemploymentClaims #JobsReport #Economy
More than 2 million Californians have recently filed for jobless benefits, Gov. Gavin Newsom said Tuesday, and state officials are scrambling to get newly out-of-work residents the larger unemployment benefits enabled by the federal CARES Act to ease coronavirus-spawned economic devastation.
The March jobs report is expected to show the start of a collapse that this spring could shed all the U.S. jobs added by employers in the past decade and push the unemployment rate to record highs.
Coronavirus is claiming more lives across Europe and in the United States. Italy is seeing the fastest rise in deaths since the beginning of the outbreak, almost 1,000 in the last 24 hours. Spain also faces a rising number of deaths and critically ill patients. In the US President Trump has authorised a two-trillion dollar emergency package in an attempt to protect the economy. Millions of Americans have lost their jobs. Sophie Raworth presents BBC News at Ten reports from Mark Lowen in Rome, Damian Grammaticas in Madrid and Nick Bryant in New York. Please subscribe HERE http://bit.ly/1rbfUog
According to the Department of Labor, 3.3 million Americans—roughly the population of Utah—have filed for unemployment insurance since last week. Huge doesn’t even begin to capture the scale of mass job loss, and yet there’s every reason to believe the reality is even worse.
Bipartisan leaders in the House and Senate said they hoped to pass a $2 trillion emergency relief package quickly, but they must first convince rank-and-file lawmakers to support it.
Rep. Liz Cheney, the No. 3 House Republican, said on Tuesday that the US must address its health care crisis in order to restore the economy, as some of President Donald Trump's allies push to reopen the country despite the threat of the coronavirus pandemic.