Economics

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 […]

(Bloomberg) — Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery. Initial jobless claims in regular state programs rose by 135,000 to more […]

(Bloomberg) — U.S. consumer prices rose in July by more than expected on a jump in auto and apparel costs, though inflation remained broadly muted as the pandemic suppressed demand. The consumer price index rose […]

President Donald Trump signed an array of executive actions on Saturday to bypass Congress and implement economic relief measures on his own. Among them was a $400 weekly supplement to federal unemployment insurance through December […]

WASHINGTON (AP) — The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound. […]

(Bloomberg) — The euro rose the most in a decade this month, the British pound is headed for its best July since 1990, and for the first time this year, every major currency in the […]

WASHINGTON (AP) — The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens […]

Gold prices have soared to a record high, with investors rushing to find safe places to park their money as concerns grow about a resurgence in the coronavirus and the impact that could have on […]

In the first week of July, nearly 1.5 million Americans were receiving unemployment benefits from the little-known Pandemic Emergency Unemployment Compensation and Short-Term Compensation programs. The state of play: For the week ending April 11, […]