Economics

(Bloomberg) — Oil plunged to a five-month low as gains in Libyan production coincided with a wave of new virus-lockdown measures in Europe. The double whammy of growing supply and dwindling demand pushed crude futures […]

Wall Street fell again on Wednesday, as Europe considered additional lockdowns and U.S. cities such as Chicago and Newark, New Jersey, announced a new round of restrictive measures to combat the spread of the coronavirus. […]

In early September, Cristina Velez lost her job running the staffing team on a Covid-19 treatment trial. Faced with a $2,440 rent bill on the Boca Raton, Fla., home she shares with her daughter, Velez […]

WASHINGTON (Reuters) – U.S. employment growth slowed more than expected in September and over 300,000 Americans lost their jobs permanently, dealing a potential blow to President Donald Trump ahead of the fiercely contested Nov. 3 […]

(Bloomberg) — Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts. Initial jobless claims in regular state […]

ballots has also unsettled some investors. Moreover, a buildup of positions in big tech-related stocks has increased risk, as seen in a sharp market sell-off on Thursday. “This is just a situation where all the […]

Business owners in Minneapolis are scrounging for answers after discovering that insurance money will not be enough to cover clean-up costs after rioters ransacked neighborhoods and hollowed out storefronts, according to a report published Monday. […]

The months of protests and riots in Portlandhave prompted some businesses in the city to opt to move out completely or relocate outside its central district, according to a report on Monday. Greg Goodman, the […]

The S&P 500 closed at a record high on Tuesday, wiping out losses from the coronavirus-induced sell-off and returning the market to pre-pandemic levels. But while the index is right back where it started before […]

Lower employment could persist in the US for years following the coronavirus pandemic, according to a Thursday report from the Internal Revenue Service. The IRS report estimates that there will be about 229.4 million W-2 […]