Fed's James Bullard Says The Jobs Report On Friday Will Be One Of The Worst Ever
Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid c... Read more
Treasury Launches 20-year Bond To Help Fund The Record Borrowing Needed This Quarter
An auction May 20 will feature a sale of $20 billion worth as part of an effort to push the record-setting debt levels f... Read more
US Private Payrolls Drop By 20.2 Million In April, The Worst Job Loss In The History Of ADP Report
Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took mo... Read more
Fed Vice Chair Clarida Says More Support May Be Needed, But Economy To Rebound Next Quarter
"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," ... Read more
US Services Sector Posts Biggest Contraction Since 2009 As Coronavirus Halts Economic Activity
The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought ... Read more
Consumer Debt Hits New Record Of $14.3 Trillion
Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 tri... Read more
This Wartime Law Gives Trump Exceptional Power Over US Economy
President Trump has invoked a Korean War-era law to fight the coronavirus pandemic. The Defense Production Act gives the... Read more
One Of Main Street's Biggest Fears In Economic Reopening — New Regulations
As small businesses across the country grapple with economic reopening, one of their biggest fears is that new regulatio... Read more
Test, Trace, Isolate: Governments Need To Do These Three Things Before Reopening Economies, Expert Warns
A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second s... Read more
Putting The Economy Back Together Again: What The Future Holds For Americans
After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy ... Read more
April's Jobs Report Showing Millions Out Of Work Looms Large In The Week Ahead
In the week ahead, the April jobs report is expected to show the highest unemployment since 1939. Read more
US Weekly Jobless Claims Hit 3.84 Million, Topping 30 Million Over The Last 6 Weeks
Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total t... Read more
These 25 States Are Already Paying Gig Workers And Self-employed Americans Unemployment
Half of states are currently paying out unemployment compensation under the Pandemic Unemployment Assistance program, wh... Read more
US Consumer Spending Plunges 7.5% In March, Reflecting Virus
U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans com... Read more
Plunge In Health-care Spending A Big Reason US Economy Sank In First Quarter
The coronavirus crisis actually caused consumer health-care spending to plunge 18% in Q1. Read more