Half of working-age Americans might not have a paycheck in May as layoffs surge
In the six weeks since widespread shutdowns began, more than 30 million Americans have lost their job
Fed expands Main Street lending program to include bigger businesses
The U.S. central bank initially launched the lending program to help get money to small- and medium-sized businesses impacted by the coronavirus pandemic
Consumer spending plummets 7.5% in March, biggest drop on record
Consumer spending has been a key driver of the U.S. economy in recent years
Over 3.8 million Americans applied for unemployment last week as economic pain from coronavirus deepens
Economists expected 3.5 million Americans to apply for unemployment benefits last week.
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.
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.
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.
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.
Small business rescue program resumes: What you need to know
The loan program, which relaunched Monday morning, exhausted its initial $349 billion in funding within 13 days.
Deutsche Bank hints at loan defaults among customers as profit falls from last year
The bank will release full details of its earnings results on Wednesday as scheduled.
SBA: Emergency coronavirus program amount from banks will be capped
The U.S. government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic