Stocks slump as coronavirus hits big tech, oil earnings

Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.

US jobless claims soar past 30 million as 3.8 million more workers seek aid

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

Interest rates steady during coronavirus pandemic: What it means for your wallet

Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.

Stocks wrap best month since 1987 as coronavirus recovery continues

The S&P and the Dow Jones Industrial Average wrapped the best month since 1987 despite sliding on Thursday as total job losses related to the coronavirus shutdown topped 30 million.

Smallest businesses get a few hours at head of loan line

Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.

Stocks surge on Gilead’s coronavirus drug and Fed’s pledge to keep rates near zero

The Dow Jones Industrial Average gained 449 points, or 1.86 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 2.04 percent and 2.03 percent, respectively.

Coronavirus pushes cities to cap third-party delivery fees

More U.S. cities are capping commission fees third party delivery services charge restaurants, many of which are mom-and-pop small business owners.

Taxpayers group sues Newsom over plan to help undocumented immigrants

A taxpayers' group filed court papers Wednesday to block Gov. Gavin Newsom's allocation of $75 million in coronavirus-related aid to undocumented immigrants ineligible for unemployment insurance.

US economy shrank at 4.8% rate last quarter as coronavirus struck

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.

Colorado man wins $1M Lottery jackpot twice on same day

With a little bit of luck and persistence, a Colorado man has hit the jackpot twice after playing the same numbers for 30 years.

Stock rally takes breather ahead of Starbucks, Google earnings

The Dow Jones Industrial Average rose as many as 378 points, or 1.57 percent, while the S&P 500 and the Nasdaq Composite gained as much as 1.48 percent and 1.15 percent, respectively.

Small business loan program plagued by outages, delays as second wave of aid begins

E-Tran, the Small Business Administration's electronic system used to help process applications for government-backed aid, has suffered glitches amid the first wave of applicants.