Another million applied for jobless benefits as coronavirus pandemic’s economic toll rises
People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of...
Breaking News: Economy
July home sales spike a record 24.7% as prices set a new high
Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. That's the strongest...
Fed officials expect that coronavirus will ‘weigh heavily’ on the economy, minutes show
The Federal Open Market Committee released minutes Wednesday from its July policy meeting.At the July 28-29 session, the Federal Reserve's...
Retail sales for July rose 1.2% vs. 2.3% estimate
Consumers spent less than expected in July as a boom in retail sales the month before cooled while efforts to...
U.S. weekly jobless claims fell to 963,000, first time below 1 million since mid-March
First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a...
The Fed bought more blue-chip and junk bonds, and has started making Main Street loans
A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., the United States, on April...
Trump signs measure to provide extra $400 in weekly unemployment benefits
U.S. President Donald Trump speaks at a Whirlpool Corporation washing machine factory in Clyde, Ohio, U.S., August 6, 2020.Joshua Roberts...
Trump signing orders aimed at extending some pandemic relief after Congress fails to reach a deal
US President Donald Trump speaks during the renewed briefing of the Coronavirus Task Force in the Brady Briefing Room of...
Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence
Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a...
Fed’s Mester calls on Congress for pandemic recovery help, says ‘downside risks’ to the economy are on the rise
Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association's annual...
Private payroll growth slows sharply in July amid spike in virus
The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just...
Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on...
Pending home sales surge for the second consecutive month as the Realtors raise their forecast for 2020
A sale pending sign is posted in front of a home for sale in San Anselmo, California.Justin Sullivan | Getty...
Romney reportedly will vote against controversial Fed nominee Judy Shelton
Senator Mitt Romney, a Republican from Utah, listens during a Senate Small Business Committee hearing on coronavirus relief aid and...
Key Senate committee approves Shelton, Waller for Fed positions
The Senate banking committee on Tuesday approved controversial Federal Reserve nominee Judy Shelton as well as Christopher Waller for two...
Coronavirus mortgage bailout sees biggest one-week decline, but more borrowers are extending terms
A man walks past the U.S. Capitol building in Washington, June 25, 2020.Al Drago | ReutersThe number of homeowners in...
