U.S. Economy

The underlying problem for the industry is the misalignment of supply and demand. The coronavirus pandemic has wiped out consumer need for oil.

Restaurants and hotels were granted some flexibility in the legislation.

Banks are expected to issue new guidance for small business owners on Friday.

At least 75 publicly traded companies -- some with market values well over $100 million -- tapped the government-backed Paycheck Protection Program.

The result of the shutdowns has been an economic free fall that experts caution could rival the Great Depression.

States use the money to administer regular unemployment benefits.

Coca-Cola said its sales volume has fallen about 25% globally since the beginning of April, led by a decline in the company’s away-from-home channels, which represent about half of its revenue.

Growing evidence that large companies have managed to secure the coveted loans has prompted a wave of backlash against the program.

Congress established the program for businesses that employ fewer than 500 workers, but restaurants and hotels were granted some flexibility.

The virus has forced economies throughout the world to come to a near standstill, bringing to a screeching halt global supply chains and caused tens of millions of workers to lose their jobs.

Republicans want to approve an additional $250 billion for the Paycheck Protection Program, but Democrats maintain the aid should include funding for hospitals and local government.

Republicans want to approve an additional $250 billion for the Paycheck Protection Program.

If Americans filed a 2019 or 2018 tax return, which will be used by the agency to calculate eligibility, but did not provide direct deposit information, the tool can be used to input the necessary information.

Oil prices drop on Chinese economy contraction

The guidelines allow for a push for normalcy in some areas even before the April 30 date previously set by the White House.

In 2018, of the nation's 82.5 million families, about 80.8 percent had at least one employed member.

At least 32 states will provide the expanded federal benefits by the end of this week.

The company is hoping to avoid a potential summer bankruptcy.

Economists surveyed by Refinitiv expected the number of initial claims for state unemployment benefits to hit 5.1 million

Coronavirus pushes Fed's Beige to deliver grim economic snapshot.