Biden vows to strengthen economy despite exploding COVID-19 pandemic

President-elect Joe Biden on Monday outlined his plans to boost the U.S. economy but said any structural reforms depend first on reining in the COVID-19 pandemic.

Stocks close at record high despite Trump's refusal to concede in 2020 election

A huge fear for Wall Street coming into this month was a contested U.S. presidential election, one that could drag the market through more painful uncertainty.

709,000 seek unemployment aid as pandemic escalates

The number of people seeking unemployment benefits fell last week to 709,000, the fourth straight drop and a sign that the job market is slowly healing.

Who pays for recounts in presidential elections?

The rules around paying for recounts are not the same across the board. Who puts up the money for a recount typically depends upon whether the recount is automatic or requested.

Rally begins to fade on Wall Street, pulling indexes below records

Stocks closed mostly higher on Wednesday, helped by big technology stocks, but news of tighter restrictions in New York State helped dent an earlier rally.

Apple unveils Macs aimed at working better with iPhones

Apple is rolling out new Mac computers powered by the same kind of chips that run iPhones and iPads, a move aimed at making it easier for its most popular products to work together.

Stocks surge on Wall Street amid vaccine news, US election outcome

The Dow Jones Industrial Average surged 1,500 points, or 5.4%, in early trading Monday and the S&P 500 jumped 3.7% after drugmaker Pfizer said early data show its coronavirus vaccine looks highly effective.

US unemployment drops to 6.9%, more than 600k jobs added

U.S. employers added 638,000 jobs in October, a solid pace though far fewer than needed to regain most of the jobs lost to the pandemic recession just as new viral cases are setting record highs.

Fed signals readiness to do more for economy in grip of pandemic

The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.

751,000 seek unemployment benefits as pandemic hobbles US economy

The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

McConnell promises COVID-19 stimulus as he maintains seat

Senate Majority Leader Mitch McConnell, R-Ky., promised that approval of a new coronavirus relief package by the end of the year can be reached as lawmakers are set to return to work following Tuesday’s elections.

Billions in COVID-19 business loans possibly given to scammers, report says

The Office of Small Business Administration (SBA) Inspector General Michael Ware found that it may have distributed billions of dollars to fraudulent businesses claiming financial distress due to the COVID-19 pandemic, according to a report.

Searches for homes with bunkers has gone up 300%, survey says

Bunkers have been on the rise due to social unrest and the presidential election, according to a report from online real estate resource and marketplace ISoldMyHouse.com.

American unemployment claims fall to 751,000; coronavirus resurges

The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.

Pelosi 'remains optimistic' about COVID-19 relief package before Election Day

Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.

Stocks plunge as COVID-19 cases surge in US

The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.

Italy closes gyms, shuts eateries early amid rising COVID-19 cases

Italy’s leader has imposed at least a month of new restrictions to fight rising coronavirus infections, shutting down gyms, pools and movie theaters and putting an early curfew on cafes and restaurants.

'Bummed' Michigan man buys extra lottery ticket, wins $1 million twice

A Dearborn Heights man said he was disappointed when he mistakenly entered the same numbers twice into the lottery app had no clue he won $2 million until recently.