U.S. Economy

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

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

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.

Every U.S. state has started the process of phased reopening. But fears of a resurgence in COVID-19 has sent stocks tumbling

Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the Fed's Main Street lending program.

Republicans and Democrats are at odds over whether to expand unemployment benefits for out-of-work Americans.

Kaplan had previously predicted that unemployment could soar as high as 20 percent. 

While 44 million Americans have filed for first-time unemployment benefits since mid-March, and the job market adjusts to post-virus norms, people looking to rejoin the workforce must also adapt and develop new strategies when applying for jobs.

The U.S. economy is "off the the races" on a V-shaped recovery, White House economic adviser Larry Kudlow said, despite more moderate predictions from other economic experts.

The evictions threaten to exacerbate a problem that has plagued people of color long before the pandemic.

In the report, the Fed reiterated the gloomy economic forecast that it released Wednesday, following the Federal Open Market Committee's two-day meeting.

Trump told FOX News’ Harris Faulkner that he expects economically distressed “Opportunity Zones” will rebound along with the rest of the country.

Fears over a resurgence of the virus, along with a dour economic forecast by the Federal Reserve, sent stocks plunging on Thursday.

Treasury Secretary Steven Mnuchin signaled this week the White House is exploring sending more direct payments to Americans hurting from the outbreak of the virus.

Before COVID-19 upended American life, the head of a $33 billion U.K. foundation told a collection of money managers how bad it was going to get. The alarm spread through the worlds of finance and business.

Someone with a New York-based job who lives and telecommutes from another state still owes full income tax to New York on that compensation

Small business owners in New York City, who jumped ahead on what’s supposed to be a slow and methodical emergence from coronavirus lockdown, are bucking reopening rules, just to survive.