Stocks slide as Powell says Fed fighting worst slump since WWII
U.S. stock markets tumbled Wednesday after Federal Reserve Chairman Jerome Powell said the central bank will take further steps to combat the worst downturn since World War II.
U.S. stock markets tumbled Wednesday after Federal Reserve Chairman Jerome Powell said the central bank will take further steps to combat the worst downturn since World War II.
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.
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.
Grocery store prices rose last month amid COVID-19 pandemic
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.
Nasdaq leads charge as more states ease lockdowns
U.S. equity markets gained Monday despite concerns U.S. states are reopening too quickly after an uptick in COVID-19 cases in Asia.
U.S. equity markets gained Monday despite concerns U.S. states are reopening too quickly after an uptick in COVID-19 cases in Asia.
Coronavirus stimulus cash: Foreign workers, relatives of dead asked to send $1,200 checks back
Both groups are considered ineligible for the payments.
Both groups are considered ineligible for the payments.
Neiman Marcus files for Chapter 11 bankruptcy protection
Neiman Marcus has filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the coronavirus pandemic.
Neiman Marcus has filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the coronavirus pandemic.
Dow, S&P fall as US-China tensions rise over coronavirus crisis
U.S. equity markets ended the session mixed as investors took in record job losses amid speculation tensions are rising between the U.S. and China over Beijing's handling of the coronavirus crisis.
U.S. equity markets ended the session mixed as investors took in record job losses amid speculation tensions are rising between the U.S. and China over Beijing's handling of the coronavirus crisis.
What is Medicaid, and how do you get it?
Newly unemployed and uninsured Americans may now qualify for Medicaid.
Newly unemployed and uninsured Americans may now qualify for Medicaid.
Coronavirus-related debt mounting? These steps can help reduce it
For a number of businesses, the issues won’t resolve entirely once local economies reopen, either.
For a number of businesses, the issues won’t resolve entirely once local economies reopen, either.
Majority of US workers want to stay remote: Survey
Over 40 percent of respondents said that going forward, they want to work remotely more often.
Over 40 percent of respondents said that going forward, they want to work remotely more often.
Stocks trim gains on Fed speak as oil soars
U.S. equity markets surged Tuesday as plans to reopen parts of the country gained momentum.
U.S. equity markets surged Tuesday as plans to reopen parts of the country gained momentum.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
In coronavirus economy, here's how to pay off credit card debt
Your first step right now should be to ask your credit card issuer for a break.
Your first step right now should be to ask your credit card issuer for a break.
5 coronavirus lessons for anyone with a retirement fund
With the markets facing unprecedented changes, there is naturally a heavy focus on how retirement funds are being affected.
With the markets facing unprecedented changes, there is naturally a heavy focus on how retirement funds are being affected.
Stocks erase losses as Nasdaq leads rebound
U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.
U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.
Billionaires got $283B richer during coronavirus: Study
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
Stocks slump as coronavirus hits big tech, oil earnings
Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.
Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Stocks wrap best month since 1987 as coronavirus recovery continues
The S&P and the Dow Jones Industrial Average wrapped the best month since 1987 despite sliding on Thursday as total job losses related to the coronavirus shutdown topped 30 million.
The S&P and the Dow Jones Industrial Average wrapped the best month since 1987 despite sliding on Thursday as total job losses related to the coronavirus shutdown topped 30 million.
Stocks surge on Gilead’s coronavirus drug and Fed’s pledge to keep rates near zero
The Dow Jones Industrial Average gained 449 points, or 1.86 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 2.04 percent and 2.03 percent, respectively.
The Dow Jones Industrial Average gained 449 points, or 1.86 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 2.04 percent and 2.03 percent, respectively.