Avie Schneider : NPR

Jobs Carnage Mounts: 17 Million File For Unemployment In 3 Weeks

NPR

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Jobs Carnage Mounts: 17 Million File For Unemployment In 3 Weeks

April 9, 2020 • The number of people seeking jobless benefits shot up again last week, as 6.6 million more of the unemployed filed first-time claims. Much of the economy has shut down, leaving millions out of work.

Get Money Out To The Economy Quickly, Ex-Treasury Secretary Says

Henry Paulson, who served as Treasury secretary during the 2008 financial crisis, says the current Treasury secretary and the Fed chair have "got their work cut out for them." Pablo Martinez Monsivais/AP hide caption

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Get Money Out To The Economy Quickly, Ex-Treasury Secretary Says

April 2, 2020 • Henry Paulson, who served during the 2008 financial crisis, says sending money rapidly to people and businesses will be the key to limiting damage to the economy.

Get Money Out To The Economy Quickly, Ex-Treasury Secretary Says

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Staggering: Record 10 Million File For Unemployment In 2 Weeks

Connie Hanzhang Jin and Alyson Hurt/NPR

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Staggering: Record 10 Million File For Unemployment In 2 Weeks

April 2, 2020 • The staggering number of people claiming jobless benefits set a new record for the second week in a row. Much of the country has been ordered to stay at home, bringing the economy to a lurching halt.

The Dow Has Lost Nearly 14% In A Volatile Month

Trading ends for the day on the floor of the New York Stock Exchange on March 20. It was the last day before the exchange switched to all-electronic trading in an effort to help contain the spread of the coronavirus. Spencer Platt/Getty Images hide caption

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The Dow Has Lost Nearly 14% In A Volatile Month

March 31, 2020 • The stock market has never seen a month like March, with downs and ups of thousands of points in a day. The Dow has recovered from recent lows, but it has fallen 24% since its record high.

Macy's Furloughs Most Of Its 130,000 Workers

An empty parking lot surrounds the Macy's at the Roosevelt Field Mall on March 20 in East Garden City, N.Y. The retail chain had previously announced plans to close about 125 stores over the next three years. Al Bello/Getty Images hide caption

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Macy's Furloughs Most Of Its 130,000 Workers

March 30, 2020 • Citing the pandemic's "heavy toll" on its business, Macy's says it's furloughing the majority of its employees. Its stores have been closed since March 18 and there's no sign when they will reopen.

Orange Juice Is A Hot Commodity During The Coronavirus

Frozen concentrate orange juice futures have been soaring amid increased consumer demand. Justin Sullivan/Getty Images hide caption

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Orange Juice Is A Hot Commodity During The Coronavirus

March 27, 2020 • Orange juice is suddenly hot. Frozen concentrate futures have soared 25% in the past month as people looking to boost their vitamin C intake are lifting OJ sales.

3.3 Million File Unemployment Claims, Shattering Records

Claims for unemployment benefits are spiking across the country as businesses shut down to stem the spread of the coronavirus. Andrew Kelly/Reuters hide caption

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The Coronavirus Crisis

3.3 Million File Unemployment Claims, Shattering Records

March 26, 2020 • A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It's nearly five times the levels seen during the Great Recession.

3.3 Million File Unemployment Claims, Shattering Records

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Dow Jumps A Record 2,100 Points As Stimulus Deal Awaited

The stock market has been battered by the growing economic effects of the coronavirus pandemic. John Minchillo/AP hide caption

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Dow Jumps A Record 2,100 Points As Stimulus Deal Awaited

March 24, 2020 • U.S. stock indexes surged as negotiations continued over a massive stimulus package to help the crippled economy deal with the growing effects of the coronavirus pandemic.

Stocks Fall Even After The Fed's Latest Move

Stocks fell again Monday as U.S. lawmakers continued to work on a massive stimulus measure. The floor of the New York Stock Exchange was closed as the exchange shifted to all-electronic trading amid the coronavirus outbreak. Spencer Platt/Getty Images hide caption

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Stocks Fall Even After The Fed's Latest Move

March 23, 2020 • The Dow Jones Industrial Average and other U.S. stock indexes fell again Monday as central bankers and lawmakers struggled to deal with the coronavirus pandemic's economic damage.

Friday will be the last day of floor trading before the New York Stock Exchange switches to all-electronic trading starting Monday. Johannes Eisele/AFP via Getty Images hide caption

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Dow's Dive Erases All Gains Under Trump

March 20, 2020 • The Dow fell more than 900 points, leaving the index 2.8% lower than when President Trump took office. The drop culminated a staggering week of losses as the coronavirus impact took an economic toll.

The coronavirus pandemic is continuing to roil financial markets as businesses shut down with their customers and employees forced to stay home. Mark Lennihan/AP hide caption

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The Coronavirus Crisis

Stock Market Rises For A Change

March 19, 2020 • U.S. stock indexes finished the day up as investors tried to absorb the latest financial impacts of the coronavirus. The Dow rebounded, rising nearly 200 points a day after its steep plunge.

Filings For Unemployment Benefits Rise As Coronavirus Hits Job Market

The coronavirus pandemic has closed businesses around the country as the government asks people to stay home. Angela Weiss/AFP via Getty Images hide caption

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Mark Lennihan/AP

The Coronavirus Crisis

Dow Dives 6%; NYSE To Close Its Floor, Shift To All-Electronic Trading

March 18, 2020 • The Dow plummeted more than 1,300 points after President Trump announced new emergency steps. The New York Stock Exchange said that to protect its employees, it will close its trading floor Monday.

U.S. Stocks Jump As White House Plans $1 Trillion Stimulus

Global financial markets have been gyrating for weeks on increasing fears over the coronavirus pandemic. Spencer Platt/Getty Images hide caption

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The Coronavirus Crisis

U.S. Stocks Jump As White House Plans $1 Trillion Stimulus

March 17, 2020 • In a rebound from its record plunge, the Dow gained more than 1,000 points as the White House planned a massive stimulus package and the Fed set up a new loan program to boost the economy.