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US economy shrinks 4.8%, signaling start of recession

Apr.29 -- The U.S. economy shrank at a 4.8% annualized pace in the first quarter, the biggest slide since 2008 and the first contraction since 2014, as the need to fight the coronavirus forced businesses to close and consumers to stay home. Bloomberg's Mike McKee reports on "Bloomberg Daybreak: Americas."

Trump declares meat plants 'critical infrastructure' during coronavirus

Trump declares meat plants 'critical infrastructure' during coronavirus

How to make a facemask

As the coronavirus pandemic spreads, some governments have advised citizens to create their own face coverings. Here are some of the masks you can make at home.

Costco to require all employees and shoppers to wear face masks

Starting on May 4 all employees, customers and guests going to Costco warehouses will have to wear face masks. Katie Johnston reports.

5 signs your retirement is going to cost more than you thought

When people plan for retirement, there are many things that go overlooked. Here are five signs your retirement is going to cost more than you thought.

Largest food bank in US stretched thin amid coronavirus pandemic

The Houston Food Bank in Texas is the largest in the U.S., and it has seen demand spike after the coronavirus pandemic put many Americans out of work. While they estimate giving out 80 million pounds of food in a normal year, CEO Brian Greene says they now average close to a million pounds per day, and are still not meeting the need. Janet Shamlian visits the food bank to see how severe demand has gotten.

No shows, no slots, no visitors: Coronavirus devastates Las Vegas

The covid-19 lockdown in Las Vegas has taken a heavy toll on the city's entertainment and hospitality industries, and hundreds of thousands are out of work.

Musk says stay-at-home orders 'fascist' in expletive-laced rant during earnings call

Tesla CEO Elon Musk lashed out at government stay-at-home orders as "fascist" in an expletive-laced rant on Tesla's Q1 2020 earnings call. Musk called shelter in place orders "forcibly imprisoning people in their homes against all their constitutional rights."

Credit cards with the best perks for groceries

During the coronavirus lockdown, groceries continue to be one of the biggest expenses. So if you’re not getting enough bang for your buck when you charge your groceries, it may be time to upgrade to a new card.

How unemployment benefits are calculated

Over 30 million Americans lost their jobs in March and April of 2020. And with the economy on hold, securing another steady paycheck may take some time. That's where unemployment insurance benefits can help. The amount of money you get will largely be influenced by your home state. Check with your local labor board for exact details. Watch this video to see a case study of how unemployment benefits are calculated.

Trump sends millions of Americans signed letter explaining stimulus checks

Millions of Americans will be getting letters from the president in an envelope sent by the IRS. The letter is meant to inform stimulus check recipients of how much they'll be receiving, but has instead drawn criticism. CBS MoneyWatch contributor Aimee Picchi joins CBSN with more.

7 essential jobs that present the most risk amid coronavirus

Safer-at-home orders and social distancing help to reduce exposure to COVID-19. However, some occupations are considered essential and require person-to-person contact. Here are seven jobs that present the most risk amid coronavirus.

Why now is the time to be buying big oil stocks

May.01 -- Adams Funds Chief Executive Officer and Senior Portfolio Manager Mark Stoeckle makes the case for investing in big oil stocks. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."

Many US airlines announce passengers to wear face masks in order to travel

Many U.S. airlines including American, Southwest, United, Delta, Alaska, Frontier and JetBlue have announced passengers must wear masks while flying.

Mortgage bailouts grow as more owners delay payments

As job losses from Covid-19 mount, more and more borrowers are delaying their monthly mortgage payments and taking advantage of the government's bailout program.

IRS mistakenly sends relief checks to foreign workers

With no clear guidance on how to return it, foreign workers are holding onto the money or racing to spend it before the Internal Revenue Service realizes the mistake.

Don't rush to pay off debt with your pandemic relief money

Here's why you shouldn't let debt gobble up your cash from the government.

A plan to ease the hand sanitizer shortage could go bust

A big plan to get more hand sanitizer into stores is in serious jeopardy.

What to know about financial aid appeals

Colleges are bracing for a wave of appeals for more financial aid from families whose finances have been hurt particularly hard by the coronavirus pandemic.