Economics

WASHINGTON (AP) — 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. Roughly 30.3 […]

NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China detain and monitor […]

U.S. equity markets gained Monday as a handful of states took steps to reopen their economies from shutdowns caused by COVID-19 and as lenders resume doling out cash to small businesses. The Dow Jones Industrial […]

(Bloomberg) — Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the […]

Unemployment has remained elevated amid the coronavirus pandemic, for the fifth week in a row dwarfing the worst week of job losses seen during the Great Recession. US weekly jobless claims were 4.4 million for […]

(Bloomberg) — Orbiting hundreds of miles above the Earth, the Sentinel-1 satellites are the eyes in the sky that show why U.S. oil prices dropped below zero and why much of the world is likely […]

(Bloomberg) — Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce — more than 50% above the existing price record — in a report titled “The Fed can’t print gold.” The […]

A Minnesota business owner lashed out at the government’s mandated coronavirus stay-at-home order, saying that the measures will cost him his life savings and his business. “I’m here because unless the governor lifts the stay-at-home […]

(Reuters) – Saudi Arabia is set to sell about 600,000 barrels of crude per day to the United States in April, which will be the highest volume in a year, Bloomberg reported bloom.bg/34S9rZy on Friday, […]

The world economy’s ability to recover from the coronavirus may ultimately depend on how soon businesses can repair damaged and broken supply chains. Here’s what they’re up against. In the costs to move goods in […]