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Avie Schneider
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Avie Schneider

Tuesday

Jeff Bezos To Washington: 'My Dad's Name Is Miguel. He Adopted Me When I Was 4'

Amazon CEO Jeff Bezos is set to testify Wednesday before a House antitrust panel along with the chiefs of Apple, Facebook and Google. Mandel Ngan/AFP via Getty Images hide caption

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Mandel Ngan/AFP via Getty Images

Technology

Jeff Bezos To Washington: 'My Dad's Name Is Miguel. He Adopted Me When I Was 4'

The CEOs of Amazon, Apple, Facebook and Google are set to testify about whether their companies have too much power. Jeff Bezos begins his prepared remarks with a personal story.

Thursday

Job Picture Worsens: Millions More File For Unemployment, In Reversal

Signs are displayed outside the Washington, D.C., Department of Employment Services. New claims for unemployment benefits around the country rose for the first time in four months. Saul Loeb/AFP via Getty Images hide caption

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Saul Loeb/AFP via Getty Images

Coronavirus Updates

Job Picture Worsens: Millions More File For Unemployment, In Reversal

New claims for unemployment benefits rise to 1.4 million, a sign that the labor market is deteriorating as businesses close their doors again after the pandemic intensifies.

Job Picture Worsens: Millions More File For Unemployment, In Reversal

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Tuesday

'We Still Face Much Uncertainty': Pandemic Hammers Big Banks

"We still face much uncertainty regarding the future path of the economy," JPMorgan Chase CEO Jamie Dimon said Tuesday in a statement accompanying the giant bank's financial results. Win McNamee/Getty Images hide caption

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Win McNamee/Getty Images

Coronavirus Updates

'We Still Face Much Uncertainty': Pandemic Hammers Big Banks

The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.

'We Still Face Much Uncertainty': Pandemic Hammers Big Banks

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Thursday

1.5 Million File For Unemployment, But Continuing Claims Decrease Slightly

Pedestrians pass a New York State Department of Labor office June 11 in Queens. The Federal Reserve expects the U.S. unemployment rate to still be more than 9% by the end of 2020. Frank Franklin II/AP hide caption

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Frank Franklin II/AP

Coronavirus Updates

1.5 Million File For Unemployment, But Continuing Claims Decrease Slightly

Another 1.5 million people file for unemployment benefits for the first time, but the number who are continuing to seek the payments continues to decline as workers return to their jobs.

Wednesday

Tuesday

Stocks Soar After Strong Retail Sales And Reported Trump Infrastructure Plan

Marie Biscarra, co-owner of ISSO fashion boutique in San Francisco, writes a sign declaring her business open for curbside delivery on May 18. Retail sales jumped a record 17.7% last month. Ben Margot/AP hide caption

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Ben Margot/AP

Coronavirus Updates

Stocks Soar After Strong Retail Sales And Reported Trump Infrastructure Plan

The Dow Jones Industrial Average gains 526 points after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy.

Monday

Friday

Dow Gains 477 Points After Dramatic Plunge Spurred By A Spike In Coronavirus Cases

Matt Comstock (left) takes the temperature of a guest at Busch Gardens in Tampa, Fla., on Wednesday. A spike in coronavirus cases in Florida and other states raised concerns in financial markets. Chris O'Meara/AP hide caption

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Chris O'Meara/AP

Coronavirus Updates

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.

Thursday

Another 1.5 Million File For Unemployment As States Continue To Reopen Economies

The job market continues to suffer even as much of the country is gradually reopening after coronavirus shutdowns. Alastair Pike/AFP via Getty Images hide caption

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Alastair Pike/AFP via Getty Images

Coronavirus Updates

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.

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.