Avie Schneider
Stories
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Business
Stocks Rebound After Dramatic Plunge Spurred By A Spike In Coronavirus Cases
Major stock indexes are higher a day after the Dow lost 1,861 points amid spikes in new cases in states that had reopened their economies.
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Business
Another 1.5 Million File For Unemployment As States Continue To Reopen Economies
The pain in the job market continues as an additional 1.5 million sought unemployment benefits last week. In the past 12 weeks, more than 44 million new claims have been filed.
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Technology
Amazon Is Offering To Keep 125,000 Workers It Hired For The Pandemic
Amazon has hired 175,000 temporary workers to deal with spike in online shopping during the pandemic. Now it's offering most of them permanent jobs.
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Business
40.8 Million Out Of Work In The Past 10 Weeks — 26% Of Labor Force
More than 1 in 4 U.S. workers have lost their jobs since coronavirus shutdowns began. Last week, an additional 2.1 million people filed for unemployment benefits.
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Politics
Trump Threatens To Shut Down Social Media After Twitter Adds Warning To His Tweets
Tensions between President Trump and Twitter escalate as he tweets a threat to "strongly regulate" or shut down social media platforms, which he accuses of silencing conservative viewpoints.
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Business
36.5 Million Have Filed For Unemployment In 8 Weeks
Nearly 3 million people filed for unemployment benefits last week, the Labor Department says. It's the latest grim sign of the economic damage from the coronavirus crisis.
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Business
20.2 Million Private-Sector Jobs Are Gone
The record job losses are a preview of the Labor Department's employment report for April coming Friday. ADP's new numbers are not surprising, given the more than 30 million jobless claims filed.
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Business
'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come
The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.
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Business
Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks
The number of people forced out of work during the coronavirus lockdown keeps soaring. Last week, 4.4 million people filed for jobless benefits, boosting the total since last month to 26 million.
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Business
Record Oil Price Drops Send Stock Markets Diving Too
A severe oversupply continued to hammer oil prices a day after they turned negative for the first time ever. That sign of crashing demand in the global economy sent stocks indexes down again.