What Is The Stock Market Trying To Tell Us?
Despite turmoil in the real economy, the stock market spent months surging. That is, until recently. We speak with a Nobel laureate about what might be happening.
Economy
With Tax Deadline Looming, IRS Faces Backlog As It Transitions Out Of COVID-19 Crisis
The extended deadline for filing income taxes is less than a month away. For IRS workers who haven't been in their offices for months, there's a lot of catching up to do.
The Great Pandemic Bake-Off May Be Over
The price of baking flour has fallen along with the price of eggs, suggesting an easing in the baking craze that gripped hungry and housebound consumers in the early weeks of the coronavirus pandemic.
Stocks Rebound As Fed Begins Buying Corporate Bonds
U.S. stock indexes fell earlier on Monday, but they turn higher after the Federal Reserve announces it will start buying corporate debt.
Homelessness In Los Angeles County Rises Sharply
Los Angeles County's annual homeless count came out Friday and shows a double-digit increase over last year. The pandemic is also causing future homelessness projections to skyrocket.
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.
World Bank: Recession Is The Deepest In Decades
The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.
Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave
In one of the worst one-day point drops in history, the Dow Jones Industrial Average fell close to 7% Thursday. The plunge comes amid reports of a second wave of coronavirus cases in Sunbelt states.
Biden Outlines Plan To Restart Economy, Including Testing Every Worker
The presumptive Democratic nominee spoke with Philadelphia community leaders about protecting public health while reopening businesses and schools, aided by expansive federal involvement and spending.
Market Meltdown: Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave
The Dow and other stock indexes plunged as cases surged in several states and the Federal Reserve warned that the pandemic "will weigh heavily on economic activity."