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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.

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.

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.

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.

CEO makes $1.6M in stock market, gives it to his employees

Larry Connor: "I'm taking the entire $1.6 million and dividing it up among all of you. In my view, this is not a gift. You have earned it."

Should you buy Intel after earnings miss?

Intel stock initially sank on earnings, but shares are now rising. 

Tesla's surprising success during the coronavirus crisis

Despite the coronavirus, Tesla's probably never been in such rosy financial health.

Apple reports higher sales as China reopens, but gives no forecast

Apple reports higher sales as China reopens after coronavirus but gives no forecast

Amazon says it may lose money due to coronavirus spending

Amazon.com Inc. topped $75 billion in sales in the first quarter as COVID-19 swept across the globe, but profit declined and the company said Thursday that it might lose money in the current period as it spends to keep up with demand.

Coronavirus causes record drop in consumer spending

Coronavirus sends U.S. consumer spending into record fall in March

Coronavirus slashes global energy demand by 6%

The decline is the equivalent to the consumption of all of India. On the plus side, emissions are falling, too.

Weekly jobless claims top 30 million over past 6 weeks

First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past. 

Oil rallies to end a volatile month on a high note

Oil prices jumped Thursday as signs the U.S. crude glut was not growing as quickly as many people had feared brought an upbeat close to one of the most volatile months for oil trading in history.

This state has the most jobless claims in the country

Jobless claims data showed Florida surpassed California in initial claims, the first time since March that the Golden State didn't lead.