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The WHO declares monkeypox a public health emergency
By: Avie Schneider | NPR
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Updated July 23, 2022 at 11:15 AM ET WASHINGTON, D.C. (NPR) — The World Health Organization on Saturday declared the monkeypox outbreak a public health emergency. “I have decided that… Read More
Half Of States Are Ending Pandemic Jobless Aid Early, And The Economy Could Suffer
By: Avie Schneider | NPR
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Citing a severe shortage of workers, half of the nation’s governors have decided to end extra federal jobless benefits months early. But an economist says that will set back households and businesses.
1.5 Million File For Unemployment, But Continuing Claims Decrease Slightly
By: Avie Schneider | NPR
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Another 1.5 million people file for unemployment benefits for the first time, but the number who are continuing to seek the payments continues to decline as workers return to their jobs.
Trump Threatens To Shut Down Social Media After Twitter Adds Warning On His Tweets
By: Avie Schneider | NPR
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Tensions between President Trump and Twitter escalate as he threatens to “strongly regulate” or shut down social media platforms, which he accuses of silencing conservative viewpoints.
Nearly 10 Million Filed For Unemployment In Last 2 Weeks
By: Avie Schneider | NPR
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The staggering number of people claiming jobless benefits set a new record for the second week in a row. Much of the country has been ordered to stay at home, bringing the economy to a lurching halt.
Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
By: Avie Schneider | NPR
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The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move.
Dow Bounces Back, Jumping More Than 1,100 Points After Market’s Terrible Day
By: Avie Schneider | NPR
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Stock indexes rose nearly 5% after the market’s worst day since 2008. The jump followed President Trump’s call for a payroll tax cut and other steps to help the economy amid the coronavirus epidemic.
Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet
By: Avie Schneider | NPR
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New York Stock Exchange trading was halted temporarily after indexes plunged 7% in reaction to Saudi Arabia’s oil price cut amid increasing fears over the coronavirus epidemic’s economic impact.
Trade War Heats Up Again As China Sets Tariffs On $75 Billion In U.S. Goods, Autos
By: Avie Schneider | NPR
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China says it will slap tariffs on autos and thousands of other U.S. goods. It’s an escalation of a trade war that has rippled through the world economy and raised U.S. recession fears.
Trump Delays Auto Tariffs For 6 Months
By: Avie Schneider | NPR
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The Trump administration announced Friday that it will delay tariffs on cars and auto parts imports while it negotiates trade deals with Japan and the European Union.
A Warning About U.S. Credit Rating Could Signal Higher Interest Rates
By: Avie Schneider | NPR
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A major credit rating agency is warning that a prolonged government shutdown could mean that it will reconsider the nation’s AAA rating. That could lead to higher borrowing costs.
U.S. Economy Grew At A 3.5 Percent Rate In 3rd Quarter
By: Avie Schneider | NPR
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That’s slower than the second quarter’s blockbuster 4.2 percent but puts the economy on pace for the fastest annual growth in 13 years.
U.S. Economy Added 157,000 Jobs In July; Unemployment Dips To 3.9 Percent
By: Avie Schneider | NPR
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The economy continued to add jobs at a steady pace last month and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.
Jitters On Wall Street: U.S. Stocks Turn Downward Again
By: Avie Schneider | NPR
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The Dow rebounded Friday morning before retreating in the early afternoon. Analysts say market participants are concerned about rising interest rates, inflation and ballooning government debt.
Dow Drops 666 Points In Sharp Sell-Off
By: Avie Schneider | NPR
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Major stock indexes dropped sharply Friday, with the Dow Jones industrial average tumbling 2.6 percent amid signs that wage growth is picking up. It was the Dow’s worst weekly performance in 2 years.