Feedback from small businesses on day one of their being able to apply for the Paycheck Protection Program–part of the $2 trillion relief package (the Coronavirus Aid, Relief and Economic Security Act, aka CARES Act) MORE
Though it’s just a four-minute drive across the lagoon from Mar-a-Lago, President Donald Trump’s private club, and ten minutes from the Palm Beach outposts of Chanel and Louis Vuitton, Howley’s diner has become an emblem of America’s stark new economic MORE
For the first time in nearly a decade, the U.S. suffered a net loss of jobs as the coronavirus began to take hold in the country. But a monthly snapshot from the Labor Department shows only the MORE
The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed MORE
The global economy, heading for its worst year since the end of the Second World War, could “take years” to fully recover to its pre-coronavirus norms, economists warned. The consultancy Capital Economics said in an MORE
KEY POINTS The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Claims had been expected to hit a record 1.5 million for the MORE
The coronavirus pandemic is putting unprecedented strain on the U.S. economy, Federal Reserve Chairman Jerome Powell said Thursday in an exclusive interview with Savannah Guthrie on the “TODAY” show, noting, “There can be a good rebound on the other side of this.” MORE
President Donald Trump has long pointed to the stock market’s success under his administration as a tangible endorsement of his economic policies and had often boasted about the Dow Jones Industrial Average’s gains since his MORE
Stocks fell sharply on Monday even after the Federal Reserve unveiled new measures to keep markets working properly. Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the MORE
As the number of Coronavirus cases grow rapidly in the United States, Trump suggests lifting restrictions enacted to slow the spread of the disease. Trump also retweeted a suggestion some Wing Nut made “that urged MORE
Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it’s only going to get worse from here. And quickly, too. Early Thursday, a government report showed 281,000 Americans filed for MORE
Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913 MORE
The Trump administration is asking state labor officials to delay releasing the precise number of unemployment claims they are fielding, an indication of how uneasy policymakers are about further roiling a stock market already plunging MORE
As our economy crashes and burns because Trump and his administration dithered, ignored, and downplayed the Coronavirus, he now wants a YUUUUGE stimulus package to buy votes help clean up his mess. NBC obtained a MORE
As I write this the DJIA is at about 19,457. That is well below Trump’s 2017 inauguration day closing of 19,827.25. I only bring it up because Trump has brought it up many times, taking MORE