Stocks rise on suggestions President Trump could leave the hospital Monday, and on optimism over a coronavirus relief package.
California is partway through a deliberate pause in processing an avalanche of unemployment claims that poured into the embattled state labor agency amid coronavirus-linked business shutdowns -- and state officials disclosed on Thursday a backlog of jobless claims that is still about 1.6 million.
Claims down to 881,000 from 1m the previous week, after labor department said it was changing its statistical model to better reflect impact of Covid
Ballistic missiles launched in response to US aerial activities in a 'no-fly zone' area during a Chinese naval drill.
As California becomes one of the first states to take on Big Tech in the ongoing battle over the employment status of Uber and Lyft drivers, the lawless,...
U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.
Uber outlined proposals for a new type of relationship with gig workers, including its own drivers, that would keep them as independent contractors but with some guaranteed benefits.
China's retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world's second-largest economy failed to shake off wariness about the coronavirus, while the factory sector's recovery struggled to pick up pace.
The White House is trying to capitalize on the latest jobs numbers, arguing they point to a strong economic recovery under President Trump even as millions remain out of work and states grapple with increases in cor
Pope Francis named six women to the body that oversees Vatican finances, making them the most senior female officials ever to serve at the Vatican.
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 ...
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.
"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