Coronavirus

The coronavirus pandemic dealt a major blow to the travel industry, with airlines losing billions of dollars since the outbreak.

President-elect Joe Biden unveiled a massive $1.9 trillion stimulus package proposal on Thursday evening that aims to combat the coronavirus and begins to pump up a U.S. economy severely battered by the worst pandemic to strike the globe in a century.

The money would be distributed on top of $600 checks, which have already been sent.

Federal Reserve Chairman Jerome Powell said Thursday the U.S. economy could return to a pre-coronavirus pandemic level "fairly soon" thanks to a torrent of monetary and fiscal aid over the past year. 

These figures were estimated based on if the 48 million full-time employees in the U.S. with remote-work-compatibility were to work from home on an average of 2.5 days a week.

The Tennessee-based variety store chain will give employees, considered essential during the pandemic, four hours of pay for getting the COVID-19 vaccine.

The Federal Aviation Administration has said pilots and controllers must not fly or conduct safety-related duties for 48 hours after receiving a COVID-19 vaccine.

According to the health department, an outbreak is defined as three or more lab-confirmed coronavirus cases. 

Longer-dated U.S. Treasury yields rallied Thursday morning after reports said President-elect Joe Biden has backed a COVID-19 relief package worth up to $2 trillion.

The Labor Department on Thursday released its latest data on the number of Americans filing for unemployment benefits.

In the first quarter, the Atlanta-based airline expects revenue to fall by 60% to 65% from a year ago and its scheduled flight capacity to shrink by 35%.

The Centers for Disease Control and Prevention has ordered that all travelers flying to the U.S. from abroad will have to show proof of negative Covid-19 tests before boarding their flight starting Jan. 26.

Traders will get the latest reports on jobless claims and import and export prices

The Fed's 12 regions reported modest gains in economic activity in recent weeks

The president-elect could reveal details later this week.

The ongoing coronavirus pandemic has paused the reopening of the U.S. economy, but Goya CEO Robert Unanue says business must keep booming for America to survive.

The 2021 filing season is expected to begin within weeks.

Eligible individuals who do not receive their stimulus cash can claim it during tax season.

The cruise line canceled all sailings through March, including planned voyages of the Disney Magic, Disney Wonder, Disney Dream and Disney Fantasy.

Congress extended unemployment benefits for millions of out-of-work Americans by 11 weeks with the passage of the $900 billion coronavirus relief package -- but some laid-off workers will be eligible to aid longer.