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Latest Stories (410)

More than 20 million jobs vanished in April, new ADP report says

May 6, 2020
ADP says its payroll data for April shows the worst job loss numbers ever.
The leisure and hospitality sector, including restaurants and hotels, was down by 8.6 million people.
Olivier Douliery/AFP via Getty Images

U.S. economy shrank at 4.8% rate in first quarter

Apr 29, 2020
It's the sharpest fall since the deepest depths of the Great Recession.
GDP posted a quarterly drop for the first time in six years.
Mike Lawrie/Getty Images

Fed announces $2.3 trillion in additional lending

Apr 9, 2020
The loans, to support American households, businesses and local governments, is part of the Main Street Lending Program authorized by the economic relief law.
Olivier Douliery/AFP via Getty Images

White House, Senate agree to $2 trillion COVID-19 rescue package

Mar 25, 2020
The urgently needed pandemic response measure is the largest economic rescue measure in history.
The package still needs to be finalized in detailed legislative language.
Chip Somodevilla/Getty Images

Fed to buy unlimited government debt and lend to businesses

Mar 23, 2020
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis.
Federal Reserve Chairman Jerome Powell during a 2018 news conference.
Alex Wong/Getty Images

Fed slashes rates to near zero, eases bank lending rules

Mar 15, 2020
The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.
Federal Reserve Board Chairman Jerome Powell
Mark Wilson/Getty Images

Trump suspends travel from Europe to U.S. for 30 days

Mar 12, 2020
Trump says the restrictions won't apply to the United Kingdom, and the U.S. will monitor the situation to determine if travel can be reopened earlier.
President Trump addresses the nation from the Oval Office about the widening COVID-19 crisis on March 11, 2020 in Washington.
Doug Mills — Pool/Getty Images

Dow loses 1,200 points, bond yields tumble as oil crashes

Mar 9, 2020
The S&P 500 plunged as much as 7.4% in the first few minutes of trading, and losses were so sharp that trading was temporarily halted.
Mario Tama/Getty Images