Economy

U.S. Senate Majority Leader Mitch McConnell speaks outside of the Owensboro Health Muhlenberg Community Hospital during a press conference, Tuesday, July 14, 2020, in Greenville, Ky. McConnell made the appearance to express his gratitude for Kentucky's front-line healthcare workers and to discuss the impact of the Coronavirus Aid, Relief, and Economic Security Act. (Greg Eans/The Messenger-Inquirer via AP)
SKY News
July 15, 2020 - 12:14 am
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell said he'll begin to roll out details of the new COVID-19 relief package to senators as soon as next week and suggested it will include new funding for school reopenings, some unemployment benefits and money for health care providers. Expected...
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FILE - In this July 21, 2016, file photo Republican presidential candidate Donald Trump smiles as he addresses delegates during the final day session of the Republican National Convention in Cleveland. After months of insisting that the Republican National Convention go off as scheduled despite the coronavirus pandemic, Trump is slowly coming to accept that the event will not be the four-night informercial for his re-election that he had anticipated. (AP Photo/Patrick Semansky, File)
SKY News
July 12, 2020 - 2:16 pm
WASHINGTON (AP) — After months of insisting that the Republican National Convention go off as scheduled despite the pandemic, President Donald Trump is slowly coming to accept that the late August event will not be the four-night infomercial for his reelection that he had anticipated. After a venue...
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Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)
SKY News
July 10, 2020 - 4:32 pm
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other...
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President Donald Trump speaks during a news briefing at the White House, Thursday, July 2, 2020, in Washington, as White House chief economic adviser Larry Kudlow, left, and Treasury Secretary Steven Mnuchin, look on. (AP Photo/Evan Vucci)
SKY News
July 04, 2020 - 10:25 am
WASHINGTON (AP) — President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus, The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have...
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Wearing masks amid concerns of the spread of COVID-19, volunteers Karen Cooperstein, right, and Edwin Chinchilla, left, prepare food for the pubic during a drive through food pantry distribution by Catholic Charities in Dallas, Thursday, July 2, 2020. (AP Photo/LM Otero)
SKY News
July 02, 2020 - 4:27 pm
WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the...
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Home construction
Getty Images
SKY News
July 02, 2020 - 10:30 am
SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the...
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A woman wearing a mask passes a sign for Wall Street, Tuesday, June 30, 2020, during the coronavirus pandemic. (AP Photo/Mark Lennihan)
SKY News
July 01, 2020 - 11:18 pm
Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. Investors were encouraged after Pfizer and BioNtech announced...
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Hiring
Getty Images
SKY News
June 30, 2020 - 9:08 pm
WASHINGTON (AP) — Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The...
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FILE - In this Sept. 5, 2017, file photo, a flag is waved outside the White House, in Washington. The Trump administration is extending a ban on green cards issued outside the United States until the end of 202 and adding many temporary work visas to the freeze, including those used heavily by technology companies and multinational corporations. (AP Photo/Carolyn Kaster, File)
SKY News
June 22, 2020 - 9:38 pm
WASHINGTON (AP) — The Trump administration on Monday extended a ban on green cards issued outside the United States until the end of the year and added many temporary work visas to the freeze, including those used heavily by technology companies and multinational corporations. The administration...
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Customer walks out of a U.S. Post Office branch and under a banner advertising a job opening. The U.S. government issued its latest snapshot Thursday, June 18, of the layoffs that have left millions unemployed.
AP Photo/Elaine Thompson
SKY News
June 18, 2020 - 8:56 am
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work. The latest figure from the Labor Department marks the 11th straight weekly decline in applications...
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