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Avie Schneider
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Avie Schneider

Thursday

Amazon Is Offering To Keep 125,000 Workers It Hired For The Pandemic

Amazon is offering permanent jobs for 125,000 workers it hired to deal with a sharp rise in online shopping during the coronavirus pandemic. Ina Fassbender/AFP via Getty Images hide caption

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Ina Fassbender/AFP via Getty Images

Coronavirus Updates

Amazon Is Offering To Keep 125,000 Workers It Hired For The Pandemic

Amazon has hired 175,000 temporary workers to deal with a spike in online shopping during the coronavirus pandemic. Now it's offering most of them permanent jobs.

40.8 Million Out Of Work In The Past 10 Weeks — 26% Of Labor Force

A Seattle barbershop remains closed because of the coronavirus outbreak on May 19. Last week, an additional 2.1 million people filed for unemployment benefits around the country. Elaine Thompson/AP hide caption

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Elaine Thompson/AP

Coronavirus Updates

40.8 Million Out Of Work In The Past 10 Weeks — 26% Of Labor Force

More than 1 in 4 U.S. workers have lost their jobs since coronavirus shutdowns began. Last week, an additional 2.1 million people filed for unemployment benefits.

Wednesday

Trump Threatens To Shut Down Social Media After Twitter Adds Warning To His Tweets

President Trump, who uses Twitter as his primary form of communication, has long accused Facebook and Twitter of censoring conservative views. Alex Brandon/AP hide caption

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Alex Brandon/AP

Business

Trump Threatens To Shut Down Social Media After Twitter Adds Warning To His Tweets

President Trump's vow to "strongly regulate" such platforms comes a day after Twitter added a fact-check label to a pair of his tweets and renews his argument that those sites silence conservatives.

Trump Threatens To Shut Down Social Media After Twitter Adds Warning To His Tweets

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Thursday

Wednesday

20.2 Million Private-Sector Jobs Are Gone

The service sector cut 16 million jobs — including 8.6 million in leisure and hospitality — between March and April, ADP said. Frederic J. Brown/AFP via Getty Images hide caption

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Frederic J. Brown/AFP via Getty Images

Coronavirus Updates

20.2 Million Private-Sector Jobs Are Gone

The record job losses are a preview of the Labor Department's employment report for April coming Friday. ADP's new numbers are not surprising, given the more than 30 million jobless claims filed.

Wednesday

'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come

The U.S. economy shrank in the first quarter, as the coronavirus lockdown began. The April-to-June quarter is expected to be worse. Nam Y. Huh/AP hide caption

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Nam Y. Huh/AP

Coronavirus Updates

'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come

The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.

Thursday

Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks

As more and more workers lose jobs, many states say they are seeing the trust funds used to pay unemployment benefits begin to run low. Charles Krupa/AP hide caption

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Charles Krupa/AP

Coronavirus Updates

Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks

The number of people forced out of work during the coronavirus lockdown keeps soaring. Last week, 4.4 million people filed for jobless benefits, boosting the total since last month to 26 million.

Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks

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Tuesday

Record Oil Price Drops Send Stock Markets Diving, Too

On the now-digital and remote floor of the New York Stock Exchange, oil prices, along with the effects of the coronavirus, have kept stocks down. Johannes Eisele/AFP via Getty Images hide caption

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Johannes Eisele/AFP via Getty Images

Coronavirus Updates

Record Oil Price Drops Send Stock Markets Diving, Too

The Dow fell 631 points a day after oil prices turned negative for the first time ever. The drops are the latest market reactions to the global economic downturn caused by the pandemic.

Thursday

10 Years Of Spectacular U.S. Job Growth Nearly Wiped Out In 4 Weeks

People who lost their jobs wait in line to file for unemployment benefits at an Arkansas Workforce Center in Fayetteville, Ark., on April 6. Nick Oxford/Reuters hide caption

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Nick Oxford/Reuters

Coronavirus Updates

10 Years Of Spectacular U.S. Job Growth Nearly Wiped Out In 4 Weeks

The number of people filing for unemployment climbed by another 5.2 million, as the toll of the nation's economic dive continues to mount. In the past four weeks, 22 million have filed claims.

Thursday

Thursday

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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Pablo Martinez Monsivais/AP

Coronavirus Updates

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

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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Tuesday

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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Spencer Platt/Getty Images

Coronavirus Updates

The Dow Has Lost Nearly 14% In A Volatile Month

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.

Monday

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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Al Bello/Getty Images

Coronavirus Updates

Macy's Furloughs Most Of Its 130,000 Workers

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.

Friday