The U.S. economy is facing the risk of a double-dip recession in the coming months, economists have warned.
U.S. News
Latest breaking news stories from the U.S.
U.S. Treasury Department fines Capital One $80 million for ‘careless’ data breach
Capital One has been fined $80 million following one of the biggest data breaches at a bank on record.
Labor Department to end unemployment benefits 1 week early
The United States Labor Department has confirmed that a large majority of Americans will be cut off from receiving their $600 weekly unemployment benefits 7 days early.
Investors eye surging $55 trillion debt bubble while stock markets suffer worst day since March
Was the stock market rally too soon?
Biggest jobs increase in history as 2.5 million people get back to work
The US stunned global markets as it reported an unprecedented rise in jobs for the month of May.
New York set to reopen after curve hits “close” to bottom
The curve in coronavirus infections has flattened in recent days giving additional optimism that New York can start to reopen.
U.S. economy will rebound within 60 days
Things are going to get worse for the economy before they start improving according to New York Fed President John Williams.
Dow Jones soars 830 points as business optimism rises
Stocks rise sharply as business optimism improves despite challenging economic conditions.
New York prepares for a “phased reopening” as businesses get ready for new rules
The hardest hit state in the U.S. is preparing to reopen as Gov. Andrew Cuomo sets the stage for businesses to get back to work.
Stocks rise on Friday by more than 450 points as US economy set to reopen
The Dow Jones climbed by over 450 points on Friday as the reopening of the economy became the central focus for investors.