Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
United States

Fed officials cited risks if Congress fails to pass more aid

Reuters/Jason Reed
United States

Bleak outlook without stimulus: More layoffs, anemic growth

FILE - In this June 11, 2020, file photo, information signs are displayed at the closed Illinois Department of Employment Security WorkNet center in Arlington Heights, Ill. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Nam Y. Huh, File)
United States

US job postings edge lower, to 6.49 million

Owner Samantha DiStefano, left, prepares to hand menus to patrons and neighborhood regulars, Tuesday, Sept. 29, 2020, at her Brooklyn restaurant and bar in New York. | Photo: Associated Press
Money

U.S. Services sector grows for the 4th consecutive month

Vehicles drive past a now hiring sign as they enter a parking lot for a Home Depot store location, Wednesday, Sept. 30, 2020, in Boston. The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. (AP Photo/Steven Senne)
United States

Survey: Business economists see coronavirus as biggest risk

FILE - In this Oct. 1, 2020, file photo, a man wearing a face mask walks past a mural in South Central Los Angeles. President Donald Trump’s startling COVID-19 diagnosis serves as a cruel reminder of the pervasive spread of the coronavirus in the United States and shows how tenuous of a grip the nation has on the crisis, health experts said. (AP Photo/Jae C. Hong, File)
Politics

Trump’s diagnosis shows US vulnerability to the coronavirus

FILE - In this Sept. 2, 2020, file photo, a passerby walks past a business storefront with store closing signs in Boston. The U.S. unemployment rate dropped to 7.9% in September, but hiring is slowing and many Americans have given up looking for work, the government said Friday, Oct. 2, in the final jobs report before the voters decide whether to give President Donald Trump another term. (AP Photo/Steven Senne, File)
Money

Pre-election economy: Unemployment falls, but hiring slows

A woman shops at a clothing store, Friday, Sept. 25, 2020, in New York. U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired. (AP Photo/Mark Lennihan)
Money

Consumer spending gains slow to 1% in August

Photo: Shutterstock
United States

Healthy US economy failed to narrow racial gaps in 2019

FILE - In this Sept. 23, 2019, file photo, clothes dryers, top, are stacked on top of washing machines at a Home Depot store location, in Boston. Orders to U.S. factories for big-ticket manufactured goods increased a weak 0.4% in August following a much larger July gain. The Commerce Department reported Friday, Sept. 25, 2020 that the August advance marked the fourth consecutive increase but was far lower than the 11.7% surge seen in July. (AP Photo/Steven Senne, File)
Money

Orders for big-ticket manufactured goods ticks up just 0.4%

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
Money

Soaring wealth during pandemic highlights rising inequality

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