It pays to stay unemployed. That might be a good thing
People walk along Broadway as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. The Bureau of Labor Statistics announced on Friday that the US economy lost 20.5 million jobs in April....
Stock market live Friday: Record job losses, investors focused on reopening, Dow gains 450
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP U.S. equities rallied on Friday, despite a historic jobs report showing more than 20 million Americans lost their jobs in April, bringing the...
Why the stock market is up even with historic job losses
A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the economic toll — to say nothing of the emotional toll — on millions of people across the country without a...
Stocks making the biggest moves premarket: Macy’s, Uber, TripAdvisor, Disney & more
Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in...
Stocks making the biggest moves after hours: TripAdvisor, Motorola, Roku and more
Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the company released its first-quarter earnings. Booking Holdings said it had earnings of $3.77 per share excluding some...
Lloyd Blankfein says big companies should be ‘very reluctant’ to tap small business relief program
Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic. “Big companies should be very reluctant to take government...
Stocks making the biggest moves after hours: Spirit Airlines, Etsy, Paypal and more
Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after...
Most 2020 swing state voters want more direct payments during coronavirus, CNBC/Change Research poll finds
People hold signs as they take part in a “reopen” Pennsylvania demonstration on April 20, 2020 in Harrisburg, Pennsylvania. Nicholas Kamm | AFP | Getty Images About three-quarters of likely voters in 2020 election battleground states support sustained direct payments...
Small business loans are not going proportionately to the hardest-hit areas, Fed study shows
States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus...
Fed’s James Bullard says the jobs report on Friday will be one of the worst ever
St. Louis Federal Reserve President James Bullard said Wednesday that the April jobs report being released on Friday will likely be one of the worst in American history. “But that’s kind of expected because you’re using the unemployment insurance program...
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