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Economy

Job Growth Accelerates in June


WASHINGTON (Reuters) - The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.

Jobs Report Shows Improvement in May Despite Pandemic


WASHINGTON (Reuters) - The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.

Report: Democrats Concerned Economy Will Recover


Top Democrats are starting to get concerned. Their hysterical assertions that Republican governors who gradually reopened their economies would have "blood on their hands" proved to be hysterical assertions. And now Democrats worry about the prospect of a strong economic recovery.

Saudi Arabia, Russia Raise Stakes in Oil Price War


DUBAI/MOSCOW (Reuters) - Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks.

Dow Has Biggest Daily Jump Since 2009


The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week’s steep sell-off sparked by fears about the coronavirus.