American Airlines plans 19,000 furloughs, layoffs in October

American Airlines said Tuesday it will eliminate 19,000 jobs in October as it struggles with a sharp downturn in travel because of the pandemic.

Biden says he would shut down economy if scientists recommended it

Democratic presidential nominee Joe Biden said he would follow public health advisers’ advice if they called for a national shutdown should he take office and the coronavirus had not abated.

Heavy buyer demand and low rates send US home sales surging amid COVID-19 pandemic

Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.

US unemployment claims jump back above 1 million in face of coronavirus

The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.

Coronavirus pandemic reshaping air travel as carriers struggle

Airlines are trying to convince a frightened public that measures like mandatory face masks and hospital-grade air filters make sitting in a plane safer than many other indoor settings during the coronavirus pandemic, but it isn’t working.

US retail sales rise for 3rd month amid COVID-19 pandemic but slowdown expected

The gains of the past three months have now restored retail purchases to their levels before they plunged in March and April when the pandemic shuttered businesses and paralyzed the economy.

Discount department store Stein Mart files for bankruptcy, may close all 281 stores

Discount department store Stein Mart revealed Wednesday that it filed for Chapter 11 bankruptcy, saying it plans to close a "significant portion, if not all" of its 281 stores nationwide.

Consumer prices in the US rose 0.6% in July, matching June uptick

The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the past year.

Will Americans get a second $1,200 stimulus check? What we know

The fate of a second stimulus check was thrown into uncertainty last week when White House officials and Democratic leaders missed a self-imposed deadline to cut a deal on another round of emergency coronavirus aid.

States on hook for billions under Trump's unemployment plan

A plan from President Donald Trump to extend additional unemployment benefits requires states to provide 25 percent of the funds, and it's unclear whether states have the money or the will to do it.

Still haven't received your first $1,200 stimulus check? What you need to do

While Congress is deadlocked on another coronavirus relief package that's widely expected to include a second stimulus check, millions of Americans are still awaiting the arrival of their first $1,200 cash payment.