U.S. Economy

Analysts estimate that companies in the S&P 500 fell 13% over 2020 due to the pandemic.

The Federal Aviation Administration has approved the nation's first-ever fully automated commercial drone flights.

President-elect Joe Biden is seeking to raise the federal minimum wage to $15 an hour as part of his massive $1.9 trillion coronavirus stimulus proposal, which could deal another financial blow to small businesses already struggling during the pandemic.

A shortage of computer chips is curbing production for automakers around the world. 

President-elect Joe Biden is already facing backlash over the $1.9 trillion coronavirus relief proposal designed to combat the economic downturn and deadly pandemic that he outlined on Thursday night.

The CEO's hypothesis, if borne out, would mean welcome relief from a grim downturn accompanying a pandemic that has killed more than 388,000 Americans, shuttered hundreds of thousands of small businesses and sent unemployment skyrocketing.

President-elect Joe Biden on Thursday unveiled a $1.9 trillion coronavirus stimulus proposal that's designed to jump-start the nation's sputtering economy and accelerate vaccine distribution to control the deadly pandemic. 

New York City’s rent-regulated tenants owe more than $1.1 billion in back rent, with nearly 20% of them more than two months behind on their payments, according to a new survey.

Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season.

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.

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. 

President-elect Joe Biden on Thursday evening will unveil his long-awaited coronavirus stimulus proposal designed to jump-start the nation's economy amid fresh evidence that the recovery is sputtering. 

The federal government has already sent a majority of American households two direct cash payments: The first, worth up to $1,200 for individuals, went out in April, and the second, worth up to $600 for individuals, will be delivered by Jan. 15.

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. 

The consumer-price index -- which measures what consumers pay for everyday items including food, clothing and recreational activities -- increased a seasonally adjusted 0.4% in December compared with November, the Labor Department said Wednesday.

The Vermont senator says he will use a fast-track process to pass Biden’s economic agenda where appropriate.

President-elect Joe Biden could make good on his campaign promise to cancel billions of dollars in student loan debt after Democrats flipped the Senate last week, securing a monopoly on power for the first time in more than a decade.

Stimulus checks mistakenly sent to inactive or closed bank accounts are being redirected, and some taxpayers can expect to start receiving the money by the beginning of February.  

The Paycheck Protection Program, a vital lifeline that helped keep pandemic-ravaged small businesses afloat, reopened to applicants on Monday with several key changes put in place.

Millions of Americans have already received their $600 stimulus check, but some who are still waiting for the money to arrive may need to file their tax return in order to receive it.