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2:12 p.m. Nov. 12, 2020 - By Robert Pozen
Americans need another stimulus bill now to get through 9 more months of the coronavirus pandemic U.S. workforce and economy face challenges until the summer of 2021 at the earliestU.S. workforce and economy face challenges until the summer of 2021 at the earliest.
8:56 a.m. Nov. 12, 2020 - By Ciara Linnane
Coronavirus update: U.S. sets sixth new case record in eight days and more than 65,000 COVID-19 patients are in hospitals for first time U.K. is first European country with more than 50,000 deathsJust one week after the U.S. surpassed 100,000 COVID-19 cases in a single day for the first time, it has set a one-day record of almost 143,000, while hospitalizations rose above 65,000 for the first time since the start of the outbreak.
4:11 p.m. Nov. 7, 2020 - By Ciara Linnane
Coronavirus update: Third straight single-day case record in U.S.; Trump chief of staff Meadows tests positive President-elect Joe Biden will announce a COVID-19 task force on Monday, Axios reportsThe U.S. case tally from the coronavirus illness COVID-19 rose by a record of almost 133,000 on Friday, a third straight day of record-setting levels, as hospitals in rural areas of the Midwest and southern states including Texas and Florida continued to feel the strain.
10:41 a.m. Nov. 2, 2020 - By Jeffry Bartash
Here’s where the economy stands as the U.S. chooses between Trump and Biden Rapidly recovering economy still has recession-like symptomsJust days before the 2020 election, President Trump is touting record growth in the economy in a last-ditch effort to persuade voters to stick with him. Yet Democratic rival Joe Biden says the U.S. is stuck in a “deep hole” and that the recovery is in danger of stalling. Here’s where the economy really stands.
7:40 a.m. Oct. 2, 2020 - By Jeffry Bartash
U.S. adds 661,000 jobs in September and unemployment rate falls to 7.9% U.S. unemployment rate falls for fifth straight monthThe U.S. created 661,000 new jobs in September and the unemployment rate fell again to 7.9% to the lowest level of the pandemic, but the gain in hiring was the smallest since the economy reopened and pointed to deceleration in the recovery.
9:57 a.m. Sept. 29, 2020 - By Ciara Linnane
Coronavirus update: Global case tally 33.4 million, death toll above 1 million, and that’s likely an underestimate, says WHO expert White House reportedly pressed the CDC to play down the risks of sending children back to school and sought alternate data that would show the coronavirus was unlikely to harm kidsThe number of confirmed cases of the coronavirus that causes COVID-19 rose to 33.4 million on Tuesday, a day after the global death toll reached 1 million, as governments around the world moved to reimpose restrictions on movement in a fight to contain the spread.
11:58 a.m. Sept. 24, 2020 - By Mark DeCambre
Dow ekes out gain in turbulent trade as Wall Street struggles to shrug off market uncertaintyU.S. stock indexes finished with slight gains in choppy trade Thursday, reflecting a market that is struggling to find its footing amid signs of softening economic data and a raft of uncertainties ahead.
5:07 a.m. Sept. 24, 2020 - By Greg Robb
Improvement in U.S. jobless claims loses some momentum in latest week Claims up unexpected 4,000 to 870,000 in week ended Sept. 19Initial state jobless claims rose 4,000 to 870,000 in the week ended Sept. 19, the Labor Department said Thursday.
3:48 p.m. Sept. 23, 2020 - By Alexander Rossides
Making capitalism work better is a perfect job for good old American know-how To strengthen the U.S. economy, give more Americans access to capital and wealth-building opportunities To strengthen the U.S. economy, give more Americans access to capital and wealth-building opportunities.
8:48 a.m. Sept. 18, 2020 - By Howard Gold
Schwab strategist Sonders: Stock market today is ‘a small handful of winners and a heck of a lot of pain’ Big U.S. economic drivers could change after COVID-19 if investment in job creation dethrones consumer spending Big U.S. economic drivers could change after COVID-19 if investment in job creation dethrones consumer spending.
11:42 a.m. Sept. 17, 2020 - By Mark DeCambre
Dow snaps four-day winning streak as stocks finish day with modest losses Bulls restrained by Fed outlook, lackluster U.S. economic dataU.S. stocks finished lower Thursday, but off the session lows, as investors digested the Federal Reserve’s economic outlook along with lackluster economic data.
10:05 a.m. Sept. 17, 2020 - By Ciara Linnane
Coronavirus update: Global cases near 30 million; Trump contradicts CDC head on vaccine timetable and again derides face masks WHO official says it’s important to have ‘consistent messaging’ on pandemic from all public officials The number of confirmed cases of the coronavirus that causes COVID-19 worldwide continued to head toward 30 million on Thursday, and the U.S. case tally climbed above 6.6 million, as President Donald Trump contradicted the head of the main U.S. public health agency to insist a vaccine would be ready in weeks.
9:23 a.m. Sept. 16, 2020 - By MarketWatch
FOMC statement for September Fed plans to keep a key interest near zero until at least 2024The Federal Reserve on Wednesday signaled it plans to keep a key U.S. short-term interest rate near zero at least through the end of 2023 to help the economy recover from the coronavirus.
11:22 a.m. Sept. 10, 2020 - By Jeffry Bartash
U.S. jobless claims are rising again — and this state is a big reason for that Federal applications for jobless benefits experience sudden surgeThe number of Americans applying for jobless benefits through state or federal-relief programs has climbed for four straight weeks, raising questions about whether more Americans are losing their jobs and causing a recovery in the labor market to fizzle out.
9:23 a.m. Sept. 10, 2020 - By Ciara Linnane
Coronavirus update: Global death toll tops 905,000, U.S. toll above 191,000 and experts slam Trump for playing down virus ‘If we’d had widespread mask-wearing mandates, we could have reduced deaths by as much as 20% to even 50%,’ says one expertThe number of global fatalities from the coronavirus that causes COVID-19 climbed above 905,000 on Thursday and the U.S. death toll rose above 191,000, amid widespread criticism of President Donald Trump’s handling of the crisis, after journalist Bob Woodward revealed that Trump admitted to him that he deliberately downplayed the virus in the early part of the outbreak.
5:32 a.m. Sept. 9, 2020 - By Jeffry Bartash
U.S. job openings rose again in July, but hiring lagged as economic recovery slowed U.S. job openings rise to 6.6 million in July from 6 million Companies hired fewer people in July during a fresh wave of coronavirus cases even as they listed more open jobs, reflecting a high level of uncertainty about how rapidly the labor market and broader economy are improving.
7:38 a.m. Sept. 8, 2020 - By Pierre Briançon
Last chance saloon for U.K.-EU trade talks, as Johnson threatens to walk out on deal. But is he serious?British industrial lobbies have warned of a massive logistical problem at the border if the two sides failed to clinch a deal.
2:02 a.m. Sept. 8, 2020 - Associated Press
What Biden, Trump, Barr get wrong about the coronavirus, protests, light bulbs, and voting both by mail and in person Associated Press engages in fact checksIn a week filled with fabrication, half-truths and misrepresentation, he also wrongly took full credit for veterans improvements that were underway before he took office.
4:20 a.m. Sept. 5, 2020 - By Elisabeth Buchwald
45 states have been approved to offer $300 extra in unemployment benefits — only 6 have started to distribute it An executive order by President Donald Trump called for distributing an additional $300 in weekly unemployment benefits from a $44 billion fund set aside for disaster reliefAn executive order by President Donald Trump called for distributing an additional $300 in weekly unemployment benefits from a $44 billion fund set aside for disaster relief.
12:44 p.m. Sept. 4, 2020 - By Jeffry Bartash
U.S. regains 1.4 million jobs in August and unemployment drops to 8.4% as economic recovery shows resilience U.S. unemployment rate falls fourth straight monthThe U.S. regained 1.4 million jobs in August and the unemployment rate sank to 8.4%, suggesting an economic recovery is still plowing ahead even if the pace of growth has slowed since the start of the summer.
12:23 p.m. Sept. 4, 2020 - By Andrew Keshner
How to celebrate Labor Day safely and why gaps in the CDC’s eviction ban could leave some renters homeless Friday’s Personal Finance Stories. Friday’s Personal Finance Stories. Friday’s Personal Finance Stories.
9:03 a.m. Sept. 4, 2020 - By Ciara Linnane
Coronavirus update: Global cases climb above 26.4 million, and U.S. vaccine program’s head sees very low chance of vaccine by late October State and local officials warn Americans not to gather in large numbers over Labor Day holiday weekendThe number of confirmed cases of the coronavirus that causes COVID-19 world-wide rose above 26.4 million on Friday with the U.S. accounting for about a quarter of that total, as a key member of the government’s vaccine program said the chances of a vaccine being ready by late October are “very, very low.”
1:03 a.m. Sept. 4, 2020 - By Ciara Linnane
Coronavirus update: Global tally climbs above 26 million, U.S. above 6.1 million, amid concerns CDC will rush out a vaccineThe global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 26 million on Thursday, while in the U.S. there were growing concerns that President Donald Trump’s administration will attempt to rush out a vaccine ahead of the November presidential election.
11:47 a.m. Sept. 3, 2020 - By William Watts
Dow ends more than 800 points lower as tech plunge gives stocks worst day since June Apple sees biggest one-day fall since March Tech shares fall sharply after an extraordinary run of gains, dragging the stock market sharply lower.
11:30 a.m. Sept. 3, 2020 - By Sunny Oh
10-year Treasury yield slips to more than 3 week low as equity weakness bolsters bondsU.S. Treasury yields slip Thursday as a stock-market selloff spurs inflows into haven assets such as government paper ahead of the official jobs report on Friday.
7:00 a.m. Sept. 3, 2020 - By Michael Ashbaugh
Market bears resurface: S&P 500, Nasdaq reverse from record highs Focus: Europe’s stealth breakout attempt, Real estate sector edges atop 200-day average, IEV, IYR, SWKS, IP, MSI, NDAQU.S. stocks are firmly on the defensive early Thursday, pressured as a recently rare, and long overdue, pullback has finally surfaced. Against this backdrop, the S&P 500 and Nasdaq Composite have reversed sharply from record highs, pulling in amid a less-charted patch, punctuated by not so well-defined support.
9:52 a.m. Sept. 2, 2020 - By Jeffry Bartash
U.S. economy softened in August, Fed’s Beige Book finds, as some temporary layoffs turn permanent ‘Continued uncertainty and volatility related to the pandemic ... a theme echoed across the country’, Fed Beige Book saysThe U.S. economy expanded in August, but many parts of the country experienced slower growth amid lingering anxiety over the coronavirus pandemic, according to the Federal Reserve’s latest “Beige Book” findings.
2:21 a.m. Aug. 29, 2020 - By Alessandra Malito
What the Federal Reserve inflation policy means for your retirement savings Low interest rates can be a blessing or a curseLow interest rates can be a blessing or a curse
11:45 a.m. Aug. 28, 2020 - By Mark DeCambre
Long-dated Treasury yields stabilize near 2-month high after Powell articulates Fed’s new framework The 2-year Treasury note posted its biggest weekly fall in about a monthU.S. long-term Treasury yields slip Friday as investors process data on the health of the economy in the aftermath of the Federal Reserve’s historic announcement on policy.
10:08 a.m. Aug. 28, 2020 - By William Watts
Who will replace Shinzo Abe? 5 things investors need to know about Japan prime minister’s resignation Abe’s resignation raises questions about the world’s third largest economyWill Abenomics survive Prime Minister Shinzo Abe’s resignation? Investors are focusing on the battle to succeed Japan’s longest-serving prime minister.
2:26 p.m. Aug. 27, 2020 - By Jacob Passy
The mistakes to avoid when moving to a state with lower taxes and why low mortgage rates are a double-edged sword Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
10:22 a.m. Aug. 27, 2020 - By Ciara Linnane
Coronavirus update: Global case tally tops 24 million as U.S. tally tops 5.8 million, and CDC head walks back testing change amid outcry In a second embarrassment for a major U.S. public health agency this week, CDC says asymptomatic people exposed to infection can again be testedThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 24 million on Thursday, and the U.S. tally topped 5.8 million, as the head of the Centers for Disease Control and Prevention walked back a change in guidelines on testing following a storm of criticism from doctors and scientists.
9:15 a.m. Aug. 27, 2020 - By Myra P. Saefong
Gold ends lower in volatile session as Fed policy strategy change lacks element of surpriseGold futures end lower Thursday after a volatile session that saw prices move in either direction by as much as 2%.
11:24 a.m. Aug. 20, 2020 - By Mark DeCambre
Dow, S&P 500 end higher and Nasdaq books 35th record close in 2020 as tech buoys broader stock market The S&P 500 narrowly missed another record close this week by about 4 pointsU.S. stock-market benchmarks book gains on Thursday and the Nasdaq closes at a record high, as investors rushed to large-capitalization technology and e-commerce shares for safety, after a pair of economic reports set off concerns about the broader U.S. economy’s tenuous recovery from the coronavirus epidemic.
8:38 a.m. Aug. 20, 2020 - Associated Press
Hours ahead of Biden’s nomination acceptance, Trump visits former vice president’s Pennsylvania hometown In what can best be described as campaign trolling, Trump campaign stages an event just outside the former vice president’s birthplace in Scranton, mere hours before Biden formally accepts the Democratic nomination for presidentIn what can best be described as campaign trolling, Trump campaign stages an event just outside the former vice president’s birthplace in Scranton, mere hours before Biden formally accepts the Democratic nomination for president.
5:02 a.m. Aug. 14, 2020 - By Sunny Oh
Treasury yields log biggest weekly jump in more than 2 monthsU.S. Treasury yields mostly fell Friday but kept their weekly increase intact as trading in the bond market reflected the raft of stronger-than-expected economic data and increased Treasury auctions over the past few days.
2:11 p.m. Aug. 7, 2020 - By Greg Robb
Job report gives Fed time to prepare more bazookas to help the economy The economy will need $5 to $12 trillion in help, economist saysThe Federal Reserve is likely to take more steps to assist the economy but doesn’t have to rush in the wake of the better-than-expected July jobs report, economists said Friday.
4:48 a.m. Aug. 6, 2020 - By Jeffry Bartash
Jobless claims fall almost 250,000 to 1.19 million to mark new pandemic low Big drop in new jobless claims a surprise to Wall Street Initial jobless claims fell in early August for the first time in three weeks and touched the lowest level since the coronavirus pandemic began more than four months ago, a surprising decline that suggest some improvement in the labor market despite an increase another viral outbreak. New applications for unemployment benefits sank by 249,000 to 1.19 million.
11:11 a.m. Aug. 4, 2020 - By Sunny Oh
10-year Treasury yield flirts with record closing low as investors grow gloomy on economic reboundU.S. Treasury yields fell Tuesday as investors remained pessimistic about the U.S. economy’s health and eyed the slow pace of negotiations in Congress on another fiscal relief package to combat the coronavirus pandemic.
11:17 a.m. July 30, 2020 - By William Watts
Dow, S&P 500 finish lower but Nasdaq books a gain ahead of parade of earnings from megacap tech-related firms Quarterly results from dozens of high-profile companies were due after Thursday’s close, including Alphabet, Amazon.com, Apple and Facebook U.S. stocks finish off their worst levels of the day, with the Nasdaq eking out a positive finish as investors braced for a litany of quarterly results from behemoths of the technology and e-commerce world, which could influence trade to end a choppy week.
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