The IRS has begun delivering stimulus checks of up to $1,200 under a new federal law aimed at reviving the economy amid the coronavirus devastation.
According to more than a dozen interviews with U.S and Canadian plant workers, union leaders and industry analysts, a lack of protective equipment and the nature of "elbow to elbow" work required to debone chickens, chop beef and slice hams are highlighting risks for employees and limiting output as some forego the low-paying work. Companies that added protections, such as enhanced cleaning or spacing out workers, say the moves are further slowing meat production.
President Donald Trump took a victory lap over the weekend for helping convince Russia and Saudi Arabia to make record-shattering production cuts -- but there was no celebration in financial markets.
The Dow Jones Industrial Average and the S&P 500 fell for the first time in three sessions Monday as traders continued to weigh the coronavirus outlook while bracing for the start of the corporate earnings season.
"True small businesses are at a disadvantage" in navigating the federal lending program, one owner said.
U.S. budget watchdog group projects $3.8 trillion deficit for 2020
Kerri Dennis arrived at a Walmart store in Big Rapids, Mich., Friday morning to buy groceries and a car seat for her friend, who is pregnant and due to give birth in May.
Governors across the U.S. said they plan to coordinate regional efforts to reopen businesses and ease social-distancing guidelines, even as President Trump said he had the ultimate authority to restart the economy.
The auto industry -- already fretting lengthy factory shutdowns and depressed new-vehicle demand -- is starting to sound the alarm. nn
Amazon told sellers in March that it would prioritize shipments of essential goods due to the coronavirus outbreak.
McDonald's workers in Florida filed a $500 million class-action lawsuit alleging the fast-food giant has a "systemic sexual harassment problem."
Amazon said Monday it plans to hire 75,000 more people for jobs ranging from warehouse staffers to delivery drivers as the coronavirus epidemic keeps Americans in their homes and as demand for online orders surges.
Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, painted a rather gloomy picture in a CBS interview on Sunday morning of what lies ahead for the U.S. economy as the country continues to battle the coronavirus outbreak.
Toggling between two computer screens instead of four. Slower wireless connections. Plain old cellphones — missed calls and all — standing in for highly programmed devices that allow instantaneous connections. Instant messaging and video conferencing replacing quick bursts of conversation across a floor. Ever since the coronavirus pandemic forced thousands of traders, sales representatives, analysts, bankers and risk managers out of their...
Ford said first-quarter vehicle wholesales were down 21% on the year, "largely as a result of lower production and demand related to the coronavirus."
Shares of Netflix rose to $395.88 per share, in an otherwise red day for stocks.
Shares of Carnival Corp. took an 10.1% dive in morning trading Monday.
Investors shouldn't expect record payouts to continue.
The COVID-19 pandemic is sweeping across the United States, closing businesses, idling workers, and forcing people to shelter in place.
Recent history suggests young people could see their careers derailed, finances shattered and social lives upended.
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