Trump says SBA during coronavirus has processed $4.6B+ in small business loans, saving 50M...

In a roundtable with small business leaders Thursday, President Trump announced the Small Business Administration has processed more than $4.6 billion in SBA Loans, saving an estimated 50 million American jobs. Trump touted the more than $670 billion he approved for the...

Southwest Airlines says it has enough cash for two years as demand improves

Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks...

HSBC resumes plan to slash 35,000 jobs

HSBC has resumed plans to cut 35,000 jobs and restructure its business, saying that the coronavirus pandemic has made the overhaul it announced earlier this year even more urgent. CEO Noel Quinn said...

Trump administration wants to replace $600 unemployment benefit with back-to-work bonus

The Trump administration wants to end enhanced unemployment benefits and replace them with a different policy, according to a senior aide. Federal coronavirus relief legislation enacted in March authorized jobless...

Record Gain in U.S. Retail Sales Offers Hope of Faster Recovery

American consumers are getting their groove back as a record surge in May retail sales offered some hope of a quicker recovery from the pandemic-induced recession. The 17.7% advance from the prior...

US Economy in ‘Recovery Stage’

WASHINGTON - White House economic adviser Larry Kudlow said Sunday the U.S. economy, the world’s largest, is “now in a recovery stage” from the debilitating effects of the coronavirus...

It’s official: The U.S. entered a recession in February

"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession,” said the...

Trump Hails Jobs Report but Uneployment Rate Still High

WASHINGTON - President Donald Trump took a victory lap Friday morning after the government reported surprising job gains for last month, seizing on the data to predict that the worst of...

New York’s stock exchange reopens — with masks and a waiver

After being shut down for more than two months, the New York Stock Exchange’s trading floor partially reopened on Tuesday. New York Gov. Andrew Cuomo rang the opening bell, alongside...

New weekly figures show almost 40 million people lost their job since the pandemic

Another 2.44 million Americans filed for initial unemployment benefits last week, bringing the total number of people who lost their job so far during the coronavirus pandemic to almost...