U.S. now in recession expected to last until September, UCLA forecasts
The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.
The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.
Stock futures plunge after Fed takes emergency action
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.
CDC recommends gatherings of 50 people or more be cancelled or postponed
The CDC is now recommending that groups of 50 or more don't get together and a government expert is saying a 14-day national shutdown may be needed.
The CDC is now recommending that groups of 50 or more don't get together and a government expert is saying a 14-day national shutdown may be needed.
US moves nearer to shutdown amid coronavirus fears
Officials across the country curtailed many elements of American life to fight the coronavirus outbreak on Sunday, with health officials recommending that groups of 50 or more don't get together and a government expert saying a 14-day national shutdown may be needed.
Officials across the country curtailed many elements of American life to fight the coronavirus outbreak on Sunday, with health officials recommending that groups of 50 or more don't get together and a government expert saying a 14-day national shutdown may be needed.
Fed takes emergency steps to slash rates and ease bank rules
The Federal Reserve takes emergency action Sunday and slashes its benchmark interest rate by a full percentage point to nearly zero and announces it will purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak
The Federal Reserve takes emergency action Sunday and slashes its benchmark interest rate by a full percentage point to nearly zero and announces it will purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak
Walmart changes hours to restock, clean stores amid coronavirus pandemic
Walmart is changing store hours to get shelves restocked with high-demand products amid the coronavirus pandemic.
Walmart is changing store hours to get shelves restocked with high-demand products amid the coronavirus pandemic.
Rivers Casino set to shut down for two weeks, amid coronavirus fears
Coronavirus is shutting down slots. Harrah’s Casino, in Chester and Parx Casino, in Bensalem have joined Valley Forge Casino, in King of Prussia in closing their doors. Rivers Casino, in Philadelphia, will close Sunday night at midnight.
Coronavirus is shutting down slots. Harrah’s Casino, in Chester and Parx Casino, in Bensalem have joined Valley Forge Casino, in King of Prussia in closing their doors. Rivers Casino, in Philadelphia, will close Sunday night at midnight.
Coronavirus puts wedding industry on edge
Guests are jittery, travel is tangled, and soon-to-be brides and grooms are facing tough choices because of the coronavirus outbreak: postpone, cancel or forge ahead with their weddings?
Guests are jittery, travel is tangled, and soon-to-be brides and grooms are facing tough choices because of the coronavirus outbreak: postpone, cancel or forge ahead with their weddings?
Apple temporarily shutting stores outside China to fight virus
Tech giant Apple is closing its stores outside of China for two weeks and will only sell online as part of efforts to fight the global viral pandemic.
Tech giant Apple is closing its stores outside of China for two weeks and will only sell online as part of efforts to fight the global viral pandemic.
Stocks surge on new virus measures; Dow up 1,985 points
Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987.
Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987.
Bill Gates steps down from Microsoft, Berkshire Hathaway boards
Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.
Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.
Worst day on Wall Street since 1987 as coronavirus fears spread
U.S. equity markets were halted shortly after the opening bell when the S&P fell by 7 percent.
U.S. equity markets were halted shortly after the opening bell when the S&P fell by 7 percent.
Trump administration weighs delaying April 15 tax deadline amid coronavirus outbreak
Treasury Secretary Steven Mnuchin told Congress on Wednesday that the administration is looking to provide relief for most individual taxpayers as well as small businesses.
Treasury Secretary Steven Mnuchin told Congress on Wednesday that the administration is looking to provide relief for most individual taxpayers as well as small businesses.
Stocks recoup most big losses as investors await virus aid
Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.
Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.
Coronavirus: DOJ issues warning over price gouging
The United States Department of Justice issued a warning to those who would price gouge during the coronavirus outbreak.
The United States Department of Justice issued a warning to those who would price gouge during the coronavirus outbreak.
Dow drops 7.8% as free-fall in oil, virus fears slam markets
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
Stocks, oil prices plunge as coronavirus closes sites around world
The world’s largest economies are delivering more worrisome cues as anxiety over the virus outbreak sends stock and oil prices plunging.
The world’s largest economies are delivering more worrisome cues as anxiety over the virus outbreak sends stock and oil prices plunging.
Oil plunges 20% as another virus-fueled trading week begins
Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. crude fell $8.64 to $32.64.
Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. crude fell $8.64 to $32.64.
Cashing In: Tips on how to spend your tax return
Financial expert Dan Roccato has some tips on how to spend your tax return.
Financial expert Dan Roccato has some tips on how to spend your tax return.
Cashing In: How coronavirus is impacting the housing market
Financial expert Dan Roccato joins Good Day Weekend.
Financial expert Dan Roccato joins Good Day Weekend.