Stocks Rebound As Fed Begins Buying Corporate Bonds
U.S. stock indexes fell earlier on Monday, but they turn higher after the Federal Reserve announces it will start buying corporate debt.
ECONOMY
Homelessness In Los Angeles County Rises Sharply
Los Angeles County's annual homeless count came out Friday and shows a double-digit increase over last year. The pandemic is also causing future homelessness projections to skyrocket.
Dow Gains 477 Points After Dramatic Plunge Spurred By A Spike In Coronavirus Cases
Major stock indexes bounce back a day after the Dow lost 1,861 points amid spikes in new cases in states that had reopened their economies.
World Bank: Recession Is The Deepest In Decades
The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.
Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave
In one of the worst one-day point drops in history, the Dow Jones Industrial Average fell close to 7% Thursday. The plunge comes amid reports of a second wave of coronavirus cases in Sunbelt states.
Biden Outlines Plan To Restart Economy, Including Testing Every Worker
The presumptive Democratic nominee spoke with Philadelphia community leaders about protecting public health while reopening businesses and schools, aided by expansive federal involvement and spending.
Market Meltdown: Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave
The Dow and other stock indexes plunged as cases surged in several states and the Federal Reserve warned that the pandemic "will weigh heavily on economic activity."
Thousands Of Workers Say Their Jobs Are Unsafe As Economy Reopens
In places ranging from chicken processing plants to hair salons, workers say employers aren't doing enough to protect them from getting sick. Advocates blame a lack of mandatory federal safety rules.
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.
Labor Leaders Call For Police Reform Even As Police Unions Face Growing Criticism
The AFL-CIO president backs changes to police practices and accountability. But the group is also facing criticism for continued ties with police unions.