With Saudi Arabia and Russia agreeing on the contours of an unprecedented plan to slash crude output, President Donald Trump is on the verge of getting the global oil deal he wanted — without taking steps to ratchet down U.S. production.
Self-employed workers like Uber drivers and piano teachers who have lost income because of the coronavirus pandemic will have to wait weeks before they can apply for financial assistance under the federal relief law.
Former Federal Reserve Chairman Ben Bernanke says he doesn’t see a quick, sharp rebound in the economy after a precipitous fall this quarter on efforts to slow the spread of the coronavirus pandemic.
A move by President Donald Trump to restrict exports of masks and other protective equipment needed to fight the COVID-19 pandemic is drawing a backlash from around the world even as a senior aide to the president said Monday the U.S. was “locked and loaded” at the border to prevent “profiteering” from exports by American companies.
Microsoft chief technology officer Kevin Scott grew up fascinated by the 1960s Apollo space program and then-President John F. Kennedy’s vision of a moon shot.
U.S. Alaska-based RavnAir Group announced on Sunday that it will stop all operations and temporarily lay off all remaining staff due to the global COVID-19 pandemic.
Communities in the U.S. “cannot afford to wait” for the next coronavirus stimulus, Speaker Nancy Pelosi said in a letter to House lawmakers, adding “it is my hope that we will craft this legislation and bring it to the floor later this month.”
U.S. employers cut 701,000 jobs in March, and the unemployment rate soared to 4.4 percent.
As Amazon grapples with coronavirus infections among workers at a growing number of its facilities, senior leaders sought to discredit the organizer of a walkout in New York this week, according to an internal memo.
More than 6.64 million workers filed initial claims for unemployment insurance in the week ending March 28, exceeding the 3.3 million who filed claims a week earlier.
For many out-of-work Americans, the first of the month looms larger now than it did just four short weeks ago.
Small businesses shuttered by coronavirus countermeasures can start applying for emergency loans to cover payroll and other costs as soon as Friday, according to Treasury Department guidance.
Employees at Amazon and Instacart went on strike Monday, while Amazon-owned Whole Foods employees are planning a walkout Tuesday.
Yellen said the hope is that the “lockdown” can be lifted in May and economic activity will begin to return to normal in early summer. “But a longer period of confinement certainly seems possible,” she said.
7-Eleven has announced it will begin installing plexiglass sneeze guards at the front sales counters in all of its U.S. stores to reduce the spread of the novel coronavirus.