Economics

Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. In all, […]

(Bloomberg) — Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this week Gorder didn’t even need his business insight to know […]

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 […]