Economy

Economists expected a sharp decline in sales of new homes for April. Instead, sales actually rose from March.

The Dow Jones Industrial Average climbed more than 600 points after the opening bell, influenced at least partly by news of further advances in developing a coronavirus vaccine from U.S. firms Merck and Novavax.

U.S. home prices accelerated in March even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes.

The NYSE says fewer traders will be on the floor at a given time for now in order to support six-feet social distancing requirements. They also must wear masks.

The reopenings around the world and in the U.S. are going well: people are re-engaging, spending more time and money outside the home, and there are no signs of a spike in infections.

Packers extensively recruited immigrants in the 1990s as union organizing among majority African American workers increased. Now they rely on cheap foreign labor to hold down labor costs.

The net worth of the United States’ billionaire class has increased by $434 billion during lockdown orders implemented by most states to slow the spread of the Chinese coronavirus.

Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us.

Even brief and temporary curbs on the use of imported contract workers may cause discrimination against “our personnel based on country of birth,” according to a letter sent by Fortune 500 lobbyists to President Donald Trump.

Will it be safe to go back in the water this summer?

Millions of Americans are getting ready to emerge from coronavirus lockdowns and venture outdoors to celebrate Memorial Day weekend at beaches, cookouts and family outings, raising concern among public health officials that large gatherings could cause outbreaks to come roaring

The British government will make plans to reduce the United Kingdom’s reliance on imports from foreign countries like China after a study revealed that the UK is reliant on the communist country for the supply of 71 “critical goods” including pharmaceuticals, personal protective equipment (PPE), and electronics.

Japan has so far avoided a large outbreak like those experienced in the U.S. and Europe despite its softer restrictions.

According to a recent report, American billionaires have enjoyed a huge boost in net worth in the first two months of the Chinese virus pandemic, earning around $434 billion since March 19, when many states went into lockdown.

Up to 94 percent of American voters say they want an economic nationalist overhaul of the United States’ economy in the wake of the Chinese coronavirus crisis, a survey reveals. 

A car wash employee in Greenville, North Carolina, discovered a $1,200 stimulus check in the trash and made sure it was returned to its intended recipient.

The British taxpayer will be footing the majority of a record £9.3 million bill that was paid to wind farms not to run their giant turbines.

The long-term cost of Italy’s nationwide coronavirus lockdown is slowly emerging as media report that nearly a third of the country’s businesses will not reopen and millions remain without work or income.

Amazon hit back at former Vice President Joe Biden on Friday after the presumptive Democratic nominee criticized the company for paying a low effective tax rate, reminding him that Congress writes the tax laws, and he was part of it.

On Friday’s broadcast of MSNBC’s “All In,” Sen. Cory Booker (D-NJ) said the United States has “a national security problem” with vulnerabilities in its supply chain and stated that we need to bring the manufacturing of things “that are critical

President Donald Trump is expected to shrink a huge work-permit program that quietly allows companies to hire foreign employees for the jobs needed by U.S. graduates in the coronavirus crash, according to the Wall Street Journal. 

Several casinos in the greater Los Angeles-area have reopened for Memorial Day weekend after nearly two months of being shut down due to the deadly coronavirus.

A Brooklyn field hospital closed without seeing any patients, city officials confirmed this week.

Vice President Mike Pence told Breitbart News he believes any fourth phase coronavirus relief package from Congress must focus on directly supporting American families and workers.

In an act of what he calls “economic disobedience,” Erik Kiilunen is posting “All Business is Essential” billboards around Michigan to protest Gov. Gretchen Whitmer’s shutdown orders.

AAA Mid-Atlantic is not issuing a travel advisory for Memorial Day weekend for the first time in 20 years but predicts record-low numbers.

An agri-business advertising for jobs under the government’s ‘Pick For Britain’ farm job scheme for furloughed workers required applicants to speak a foreign language to pick vegetables and fruit.