Economics

Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases. Claims for the week ended July 4 totaled 1.314 million, compared with […]

New York state financial regulators said Tuesday that they have slapped Deutsche Bank with a $150 million penalty “for significant compliance failures” in the bank’s dealings with accused child sex trafficker Jeffrey Epstein, the now-dead […]

Stocks could be poised for a big drop similar to the market’s decline during the Great Depression, according to financial analyst Gary Shilling. In a CNBC interview, Shilling said the stock market could plunge between […]

(Bloomberg) — Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s […]

WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new […]

Companies in June continued to bring workers back from their pandemic furlough as the national economy slowly came back to life. Private payrolls grew by 2.369 million for the month, a bit lower than the […]

The percentage of Americans who are employed sits at just over 50%, according to the Bureau of Labor Statistics’ employment-population ratio. The figure plunged to 51.3% in April (the lowest level on record) and edged […]

Facebook watched as $56 billion was wiped off its market value on Friday after a slew of major advertisers said they would be boycotting the social network. The platform’s stock price plunged by more than […]

Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those receiving benefits fell below 20 million for the first time in two months. Economists surveyed by […]

Although the US economy has shown signs of improvement in recent weeks as lockdown restrictions have eased, millions of Americans are still seeking unemployment. Another 1.5 million workers filed for first-time jobless benefits last week […]