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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…
Volunteers deliver food to members of the community in need outside Howley's Restaurant. Photographer: Saul Martinez/Bloomberg Though it’s just a four-minute drive across the lagoon from Mar-a-Lago, President Donald Trump’s private club, and…
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…
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 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…
https://twitter.com/CNBC/status/1243154898478403584 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…
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."
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…
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…
As the number of Coronavirus cases grow rapidly in the United States, Trump suggests lifting restrictions enacted to slow the spread of the disease. https://twitter.com/realDonaldTrump/status/1241935285916782593 Trump also retweeted a suggestion…
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…
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 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…
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…
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…
The coronavirus pandemic is plunging the United States into a recession that could be as sharp as the 2008 financial crash, although the economy will likely rebound before President Donald…
Earlier on Monday, Senator Mitt Romney "proposed giving $1,000 to every American adult as lawmakers scramble to try to bolster the U.S. economy amid growing concerns over the coronavirus." "Every…
Wall Street does not like the Coronavirus. Despite all government intervention and reassurances, Wall Street looks to a recession as most all of the gains since Trump was elected have…
The moment the stock market opened, trading was haulted "triggering a key market-wide 'circuit breaker' designed to prevent the market from falling through the floor." The S&P 500 plunged about 8% right…
Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s…
After a wild day on Wall Street that triggered the circuit breaker for the second time this week, "stocks plummeted to their lowest levels in the final minute of trading."…
The Federal Reserve took the highly unusual step of injecting more money into the bond market Thursday to ensure the financial system remains stable. The New York Fed will pump…
U.S. stocks fell sharply once again on Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. The S&P 500…
https://twitter.com/BloombergTV/status/1237833010881482753 “Bear markets are ugly,” said Michael Farr, president of investment firm Farr, Miller & Washington. “They’re painful and they all last too long. Sadly, it seems that a new…
https://twitter.com/CNBC/status/1237732880262012929 Wall Street was poised for more losses Wednesday, as an escalating oil price war compounded investor panic about the coronavirus’ tightening grip on the U.S. economy, without any clear path…