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.
US economy grew at 33% rate in 3rd quarter but recovery is incomplete
The U.S. economy grew at a 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring.
Second coronavirus stockpiling wave may be coming — and it goes beyond toilet paper, cleaning supplies
As winter encroaches, more than half of U.S. consumers are considering replenishing their assortment of goods and essential products that they had originally stockpiled during the onset of the coronavirus pandemic earlier this year, according to new research from data-driven technology-enabled services company Inmar Intelligence.
DeSantis says he's working with Trump administration to get cruise ship industry running again
Gov. Ron DeSantis says he wants to see cruises sailing once more out of Florida ports, and he's working with the White House to make it happen.
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.
Fear and anxiety spike in COVID-19 hot spots across US
About half of U.S. states have seen their highest daily coronavirus infection numbers so far at some point in October, and the country as a whole came very close to back-to-back record daily infection rates on Friday and Saturday.
Target to let shoppers reserve spots in line as part of new COVID-19 safety measures
Target is implementing a reservation system at stores around the nation in an effort to curb crowds during the busy shopping season.
Gap Inc. to shutter 350 stores by 2024 in plan to exit malls
Gap joins other clothing retailers in trying to reinvent themselves during the COVID-19 pandemic.
Unemployment claims fall to 787,000; layoffs still high
The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.
Quibi is shutting down, citing low subscriptions amid COVID-19 pandemic
A short six months after promising to revolutionize video viewing, short-form streaming service Quibi raised a white flag Wednesday and announced it was shutting down.
Coronavirus relief talks crawl ahead; McConnell is resistant
President Donald Trump’s most powerful Senate ally is pressing the White House not to move ahead on a coronavirus pandemic relief package.
Study: Older workers face greater unemployment amid COVID-19 pandemic
The study released Tuesday from researchers with the New School university in New York City found that workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.
McConnell says any Pelosi-Mnuchin COVID-19 stimulus deal would get Senate vote
Senate Majority Leader Mitch McConnell said he'll schedule a vote if House Speaker Nancy Pelosi and the Trump administration are able to seal an agreement on a huge COVID-19 relief bill.
China's economy accelerates as coronavirus recovery gains strength
China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.
Trump teases stepping in if Republicans oppose multi-trillion dollar stimulus package
President Trump hinted he might intervene if Republican senators don't support a second coronavirus stimulus package worth trillions of dollars, during an interview with Charles Benson of WTMJ4 Milwaukee on Saturday.
Even with COVID-19 coverage safety net, recovered patients hit with hefty hospital bills
COVID-19 can do more than torment patients physically. It also clobbers some financially.
McConnell rejects Trump's push for 'higher' coronavirus stimulus deal
Senate Majority Leader Mitch McConnell on Thursday rejected a coronavirus relief deal that costs more than $1.8 trillion, hours after President Trump indicated he was "absolutely" willing to raise his spending offer.
Layoffs remain elevated as 898,000 seek unemployment aid
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
Wells Fargo fires over 100 employees over improperly obtained COVID-19 aid money
According to an internal memo from the company, Wells Fargo employees allegedly “defrauded the U.S. Small Business Administration (SBA)” in order to obtain coronavirus relief funds.