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Monday’s Stock Market Open: US Equities Rise As Washington Lawmakers Wrangle Over New Stimulus Bill

U.S. Secretary of State Mike Pompeo warns that the Trump administration will soon impose measures against “a broad array” of Chinese-owned software.

Here's Why COVID-19 May Not Hurt Social Security As Much As We Think

High unemployment is depriving Social Security of critical revenue, but there may be a way to compensate.

Congress Stalls As Americans Face Renewed Economic Hardship

A rise in spending and slowing in the decline in personal income in June has been credited to US government aid programs

Congress stalls as Americans face renewed economic hardship

The ECB has taken a series of measures to prop up the eurozone as lockdowns to slow the spread of the coronavirus have hammered economic activity

Eurozone Economy Plunged By Record 12.1% In Second Quarter

Eurozone GDP fell by an all-time record in the second quarter as lockdown shut down business activity.

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Shoppers have returned to some stores in the United States but the country is still seeing high levels of new claims for unemployment benefits each week

US Braces For Terrible GDP Report, Rise In Jobless Claims

Despite a promising rebound in June, July has seen a resurgence of cases across the country with several new one-day records, causing some states to roll back the reopening measures that benefitted sectors like retail and travel.

At a call centre functioning as a coronavirus hotline in Kyrgyzstan's capital Bishkek, the volunteers manning the telephones are under siege as the disease has re-emerged with a vengeance. Meanwhile neighboring Kazakhstan is also experiencing a surge.

Coronavirus Developments: COVID-19 Death Toll Tops 150,000, Trump Seeks Short-Term Relief Package

President Trump wants a short-term solution to the $1 trillion stimulus package while the COVID-19 death toll in the U.S. continues to rise.

US Federal Reserve Chair Jerome Powell warns the economy cannot recover until people believe it is safe to return to normal activities

Fed Chief Jerome Powell Calls COVID-19 'Biggest Shock' To US Economy In 'Living Memory'

The Fed chair addressed a number of questions in an hour-long virtual press conference.

The Federal Reserve could adjust its "forward guidance" to help support the economy by allowing higher inflation

As Lawmakers Spar, Federal Reserve Aims To Buoy Economy

As lawmakers spar, Federal Reserve aims to buoy economy

Spain had very strict coronavirus lockdown rules with walking the dog one of the few reasons people were allowed to go out

Spain Lockdown Leaves 1mn Jobless But Not 'Unemployed'

Spain lockdown leaves 1mn jobless but not 'unemployed'

US Senate Majority Leader Mitch McConnell helped shepherd through the Senate a massive $2 trillion rescue package aimed at helping suffering Americans and an economy blighted by the coronavirus pandemic

Second Stimulus Check: Who Will Qualify For The Next $1,200 Payments?

Sen. Mitch McConnell, R-Ky., finally reveals the HEALS Act, the GOP's version of the Democrat's HEROES Act.

Shoppers wear face masks on Oxford Street in London after face coverings became mandatory in shops and supermarkets in Britain

UK Economy May Take Four Years To Recover To Pre-Pandemic Levels

EY said UK economic activity may not return to 2019 levels until late 2024

Infographic: 30 Million Workers On Jobless Benefit Programs

Economists warn that consumer spending could fall off a cliff in case the Pandemic Unemployment Assistance program expires without an adequate follow-up solution in place.

Hundreds of unemployed Kentucky residents wait in line outside the Kentucky Career Center in mid-June 2020 for help with their unemployment claims in Frankfort

Nearly Half Of Americans Believe Jobs Lost During Pandemic Won’t Return As US Faces Economic Downturn

The U.S. economy is in its worst shape since the Great Depression, with a stunning 47% of Americans believing their jobs won't return.

A foreclosed home up for auction is seen during the Long Island Foreclosure Tour in New Hyde Park, New York

Millions In Limbo As Coronavirus Stimulus Measures Approach July 31 Expiration Date

The Senate went home without settling details of the next round of coronavirus relief as cases surged across the West and South and millions eyed the loss of supplemental unemployment benefits.

More Americans are making new claims for unemployment benefits, even as the number actually receiving aid has declined, indicating some people are returning to work

US Sees Jobless Claims Rise Again As Lawmakers Debate Aid

US sees jobless claims rise again as lawmakers debate aid

Weekly initial claims for jobless benefits remain higher than any single week of the global financial crisis in the US

Latest Unemployment Claims Show Layoffs On Rise As Coronavirus Surges

The number of initial claims rose 109,000, the first increase in 15 weeks.

The PPP, EIDL, and MSLP all provide important financial support to businesses. But they differ in important ways.

Republicans Considering Extending $600 Unemployment Benefit As Part Of Broader Stimulus Package

Will the $600 enhanced unemployment benefit continue? Benefits set to run out at the end of July is Republicans and Democrats can't come to an agreement.

Alexandria Ocasio-Cortez Involved In Heated Confrontation With GOP Representative On Capitol Hill

The firebrand Democrat said Rep. Ted Yoho confronted her over comments about New York City's crime rate in relation to unemployment and poverty made worse by the coronavirus pandemic.

Diana Yitbarek said she hasn't collected benefits because of a problem with Washington's unemployment system, and hasn't been able to contact administrators to fix the issue

August Looms As Uncertain Deadline For Jobless Americans

August looms as uncertain deadline for jobless Americans

The Real Damage To Social Security From COVID-19 Could Be 2 Years Away

People are worried about the program right now, but they might be ignoring an immediate threat to their benefits.

Initial Unemployment Claims Dip For 15th Straight Week As Coronavirus Surges Across US

The Labor Department estimates the unemployment rate for the week ended July 4 was 11.9%.

Weekly unemployment claims are well below their COVID-19 peak, but remain much above historical norms

60% Of Americans Want Expanded Unemployment Benefits Extended, Here's How To Be Ready If Lawmakers Don't Act

You need to be ready, whether you're getting expanded benefits or not.

The goal is to keep the children in school and on the path toward a career, and away from the local traps of trash picking and small-time drug dealing that ensnared their fathers

Survey Finds Child Care Options Could Virtually Disappear As Result Of Coronavirus Pandemic

A survey by the National Association for the Education of Young Children indicates just 18% of providers could still be in business by the end of 2021, hamstringing the economic recovery.

New White House Campaign Encourages Unemployed Americans To ‘Find Something New’

The "Find Something New" campaign encourages unemployed Americans to explore new fields and pursue vocational certifications, as COVID-19 ravages the economy.

Singapore imposed a partial lockdown to contain coronavirus in April

Singapore Recession: Economy Shrinks By 41%, Worse Than Forecast

Singapore plunged into recession in the second quarter due to the massive damage inflicted on its economy by the pandemic-induced economic slowdown.

Analysts forecast China will be the only major economy to experience positive growth this year

China Economy Rebounds In Q2 After Virus Hit: AFP Poll

The survey of analysts from 11 institutions pegged China's growth at 1.3 percent -- a far cry from the 6.1 percent expansion posted last year but in better shape than other countries still grappling with the contagion.

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