Millions of Americans likely applied for jobless benefits last week though wave is stabilizing
Initial claims for state unemployment benefits likely totaled a seasonally adjusted 3.50 million
Fed's Powell says US economy 'may need more support' for recovery to be 'robust'
Policymakers vowed to use their "tools and act as appropriate to support the economy"
Fed pledges to keep interest rates near zero until coronavirus-battered economy recovers
The central bank has used its full firepower to insulate the economy from the coronavirus pandemic.
Coronavirus pandemic hit half of Americans' finances, poll finds
50 percent of Americans say they or someone in their household has lost a job
Kudlow predicts 'big snapback' from coronavirus pandemic for US economy in second half of year
The liquidity and cash phase of relief, Kudlow said, is coming to an end.
Second round of small business loan money could evaporate by end of week
There’s doubt about whether the second wave of funding will be enough to cover demand.
US economy shrank by 4.8 percent in first quarter, as coronavirus ends record-long expansion
Economists surveyed by Refinitiv expected the economy to decline by 4 percent.
GDP report to show a damaged economy sliding into recession
The first contraction in six years is expected
Federal Reserve likely to pledge support for ailing economy
The Fed's policy statement comes out at 2 p.m. Eastern
Stock futures rise as oil rallies
Boeing and Microsoft will report earnings on Wednesday
Some billionaire fortunes grew despite coronavirus pandemic
The crisis has brought the global economy to a near standstill.
Trump predicts ‘incredibly strong’ fourth-quarter growth as US faces first downturn in years
Trump's comments one day before the nation's first-quarter GDP estimate is released.
Business closures surge by 200% as coronavirus hammers US economy, study finds
During the second and third weeks of March, when the majority of states implemented strict stay-at-home measures and directed businesses deemed non-essential to shutter to mitigate the spread of the virus, the closure rate of businesses skyrocketed.
Long-time Cuomo insider Mulrow plays key role as NY plots post-coronavirus comeback
Cuomo's right hand in the gargantuan effort is an affable and modest banker who has built a long career in both high finance and government.
Fitness, guns, seeing growth during coronavirus pandemic
Farmers markets, fitness equipment, outdoor sports and guns and ammunition have drawn more eyeballs with stay-at-home orders in place, according to Yelp.
Coronavirus relief often pays workers more than work
It is possible that workers could ask their bosses to leave them on furlough so they can collect the larger payments while avoiding potential health risks of returning to crowded workplaces.
Small business loan program still hindered by glitches in second day of relaunch
"E-Tran,” the SBA’s electronic loan guarantee system, has been beset by technical errors and access issues since the second wave of funding for the low-interest loan program launched.
Questions swirl as Fed meets amid deepening economic crisis
Policymakers will meet Tuesday and Wednesday
Wealthy homeowners who tapped small business rescue program could reportedly face criminal charges
Congress established the $349 billion program at the end of March to provide low-interest loans to small businesses.
Loans from small business rescue program went to more than 200 public companies
At least 222 public companies received forgivable loans totaling more than $870 million.