The U.S. economy gained 2.5 million jobs in May and the unemployment rate dropped to 13.3 percent. That’s down from 14.7 percent in April, according […]
Tag: falls
GDP falls by 4.8 percent, bringing longest economic expansion on record to abrupt halt
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record […]
Coronavirus package falls short for lenders to Latino, minority businesses
Salvador Quintero had to look beyond traditional banks to get funding for the restaurant he started 20 years ago in Kutztown, Pennsylvania, money that has […]
Gilead stock falls after disappointing early trial results for highly anticipated coronavirus treatment
Stock trading was briefly halted Thursday for California-based Gilead Sciences, after a draft report said the company’s experimental coronavirus treatment disappointed in a recent drug […]
Dow falls by 600 points on brutal retail sales report and bank earnings
The Dow Jones Industrial Average fell by more than 600 points Wednesday, after a brutal monthly retail report and more ugly quarterly earnings reports from […]
Dow falls 10 percent in brutal day for markets
Wall Street recorded historic losses Thursday as fears intensified over the economic fallout from the coronavirus pandemic amid what some saw as an anemic response […]