A record 3.3M Americans file for unemployment benefits as the coronavirus takes a big toll on the economy
The number of Americans applying for jobless benefits for the first time surged to a record 3.3 million last week.
Paul Davidson, USA TODAY
Fed cuts rate to zero, launches more bond purchases in historic moves to fight coronavirus
Fed cut rates to near zero, launches bond purchases to pump cash into financial system and encourages bank loans to combat the coronavirus’s impact.
Fed cuts rates sharply in response to coronavirus risk to economy, markets
The Fed lowered its key interest rate by half a percentage point in response to the growing threat the coronavirus poses to the economy and markets.
Those Fed cuts are adding up. Here’s how lower interest rates affect credit card, mortgage and savings rates
A third Fed rate cut since July will shave borrowing costs on credit cards, home equity lines and other debt. Savers will be pinched.
Why another Fed rate cut would be good news for your wallet … mostly
How will the Fed’s anticipated rate cut Wednesday affect credit card, home equity line, savings rates. It’s the Fed second cut in less than 2 months
Trump wants Fed to cut interest rates to zero or below. Here’s what it could mean for you.
Trump wants the Federal Reserve to lower interest rates to zero or below. That could mean lower borrowing costs but also meager bank savings rates.
Economy added disappointing 130,000 jobs in August, giving Fed another reason to cut rates
Employers added just 130,000 jobs in August. Economists expected 160,000 payroll gains.
Here's some good news if you're buying a home: cash is no longer king
All-cash home purchases have waned in popularity. The reasons include fading bidding wars, falling mortgage rates and rising prices.
Could a second straight quarter of falling earnings signal a possible recession?
With earnings season underway, a second straight quarter of declining S&P 500 profits would add to concerns about a possible recession by next year.
Low prices, floods and trade wars plague American farmers, putting their survival at risk
Rains that delayed planting in the Midwest compound the crisis for farmers already struggling with low prices and trade wars.