As the coronavirus pandemic persists, here’s one encouraging sign for Chinese exports
Employees make face masks on a production line at a glove factory, which has started producing face masks as overseas orders for masks at an all time high amid the coronavirus outbreak, on May 16, 2020 in Shenyang, Liaoning Province...
GM, Fiat Chrysler U.S. auto sales tank in second quarter as coronavirus saps demand
Cars sit in a dealership lot on the first day that dealerships are allowed to open to the public on May 20, 2020 in Linden, New Jersey. Spencer Platt | Getty Images U.S. vehicle sales in the second quarter for...
17.6 million unemployed Americans probably won’t return to their pre-pandemic jobs
Just over 1 in 10 Americans who are out of work because of the coronavirus pandemic don’t have a good chance of getting called back to their old jobs, according to recent research from the Economic Policy Institute, a left-leaning...
June private payrolls rose 2.37 million and there was a big positive revision for May, ADP says
Companies in June continued to bring workers back from their pandemic furlough as the national economy slowly came back to life. Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists...
Economy’s second-half comeback is now threatened by coronavirus resurgence
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island,...
Stock market live today: New quarter, Dow futures drop 200 points, reopening plays down premarket
The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:02 am: Reopening names...
Goldman Sachs says a national mask mandate could slash infections and save economy from a 5% hit
A stylist wearing a protective mask cuts a customer’s hair at a barbershop in Atlanta, Georgia, on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images A federal face mask mandate would not only cut the daily growth...
Watch Jerome Powell, Steven Mnuchin testify before House finance committee on pandemic response
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are testifying Tuesday before the...
U.S. consumer confidence for June jumps more than expected
A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Consumer confidence rose...
Home prices heated up in April, despite brief sales drop from coronavirus, S&P Case-Shiller says
A for sale sign is seen in front of a home as the National Association of Realtors released a report showing that home sales dropped in December of 2017 on January 24, 2018 in Miami, Florida. Joe Raedle | Getty...
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