Business

The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits. The swiftness and severity of economic recovery in the U.S. hinges on whether consumers continue to stockpile cash or start to spend again.  The personal savings rate hit a historic 33% in April, the U.S. Bureau of E...

The stock market erased an early drop and ended mixed, capping a strong week and month

Some Americans may be unwittingly throwing their long-awaited stimulus check in the trash. That’s because, starting last week, the Treasury Department and the IRS started sending out economic impact payments in regular white envelopes that could be confused for junk mail. While some people have already received their payment as a di...

Tesla confirmed that CEO Elon Musk earned the first tranche of his massive incentive payout, in a document filed with the Securities and Exchange Commission on Thursday.

A Hollywood aviation management company is sharing the benefits of a taxpayer-financed loan with its private jet-owning clients after it won the loan through the federal Paycheck Protection Program, according to three clients and a copy of a letter announcing the plan.

Restaurants across the globe are beginning to reopen, but since coronavirus cases are still being confirmed daily, many eateries are using unique concepts to encourage social distancing among customers and employees.

Tens of millions of Americans have lost their jobs during the coronavirus pandemic, of that there is no doubt. But when you try to pinpoint precisely how many tens of millions, that’s where things can get a little bit complicated. Here’s how to make sense of the latest eye-popping numbers. Q: I see headlines saying more than 40 million....

The U.S. government is set to sketch its latest picture of the layoffs that have left tens of millions of people unemployed but have slowed as states increasingly allow businesses to reopen

Shares are mostly lower in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions

The United States leads the world in both coronavirus cases and fatalities. And on Wednesday, it reached another grim milestone as the nationwide death toll surpassed 100,000, according to NBC News’ tally.

American Airlines is planning to cut 30% of its management and support staff, a reduction of about 5,000 jobs, because of the toll coronavirus is taking on the business, the company told employees Wednesday.

Boeing has resumed production of its beleaguered 737 Max planes, the company said Wednesday.  Boeing halted production of the jetliners in January as a worldwide grounding of the planes dragged on longer than expected. Airlines have been prohibited from flying the planes since March 2019 after the second of two fatal crashes that together...

American Airlines has started alerting travelers about crowded planes before their trips and allowing them to switch to other flights in an effort to calm travelers nervous about the spread of coronavirus. The measure, which American announced Wednesday, follows a similar step by United Airlines. United instituted a new policy that tells ...