Economic Indicators

Wealthy Americans aren't tightening their purse strings because of a lack of cash, but because of fear over the novel coronavirus.

The SBA and Treasury Department released a new, five-page forgiveness application for small business owners who received a PPP loan

Ross said the U.S. is still opposed to the use of Huawei technology in 5G and 4G networks and maintained that spying is a real concern.

The Small Business Administration has so far not made public the list of roughly 4.6 million businesses that have received more than $512 billion from the pandemic emergency lending program since early April

Traders will get the latest housing market data with May's housing starts and building permits numbers

Sources tell FOX Business’ Charlie Gasparino the next round of stimulus will likely include liability protection, state aid infrastructure spending and unemployment extensions.

Like a majority of countries in the world, the U.S. has a mixed economy.

The suit comes as advocates push for better access to government aid programs in underserved communities.

The group of economists also warned that the virus outbreak and the recession it caused would be "especially damaging" to communities of color

Powell cautioned that an economic downturn is not the time for the federal government to begin reducing the deficit.

The conservative leaders argued that further spending could derail the U.S. economy’s recovery from the virus outbreak and subsequent shutdown.

The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.

Traders will also focus on what are expected to be record retail sales numbers

Sales plunged 16.4 percent in April during the coronavirus lockdown, but posted a record jump in May

Powell returns to Congress on Tuesday for his semiannual testimony after a four-month interval in which unemployment rose from a 50-year low to an 80-year high

Retail sales are expected to have jumped 8.0% last month

Competition for limited inventory is climbing as state economies reopen.

The underemployment rate in May was 21.2 percent, while the unemployment rate was 13.3 percent.

Every U.S. state has started the process of phased reopening, rolling back stay-at-home guidelines and allowing business activity to resume.

Mnuchin came under fire when he said the Trump administration would not reveal the names of companies and nonprofits that got the Paycheck Protection Program loans.