36 million have sought US unemployment aid since virus hit

Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.

Virus spikes could emerge weeks after US economic reopenings

U.S. states are beginning to restart their economies after months of paralyzing coronavirus lockdowns, but it could take weeks until it becomes clear whether those reopenings will cause a spike in COVID-19 cases, experts said Wednesday.

Powell warns of a possible sustained recession from pandemic

Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.

Restart or re-stop? Economies reopen but chaos abounds

Countries in Europe are reopening their economies amid the coronavirus pandemic but in chaotic ways. Life resumed in Paris' iconic streets and schoolchildren returned to class in the Netherlands as countries tried to balance how to reopen economies without rekindling new outbreaks.