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People wearing protective masks to help curb the spread of the coronavirus walk along pedestrian crossings Monday, Jan. 25, 2021 in Tokyo. The Japanese capital confirmed more than 600 new coronavirus cases on Monday.
Job Losses from Virus 4 Times as Bad as '09
This has been the most severe crisis for the world of work since The Great Depression.
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Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul High Court in Seoul, South Korea, Monday, Jan. 18, 2021. Samsung scion Lee will not appeal a court ruling that sentenced him to two and a half years in prison for bribing South Korea's then-president for business favors.
Samsung's Lee Won't Appeal Prison Sentence
South Korea's most influential corporate leader will serve two and a half years.
Jan 25th, 2021
The U.S. Capitol is seen between flags placed on the National Mall ahead of the inauguration of President-elect Joe Biden and Vice President-elect Kamala Harris, Washington, Jan. 18, 2021.
Biden's Test: Engineering Economic Boom in a Partisan Divide
Despite millions of jobs lost due to the coronavirus, there are signs the country is on the cusp of significant growth.
Jan 19th, 2021
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Automated vehicles move shipping containers in a container port in Qingdao in eastern China's Shandong Province. The U.S.-Chinese trade war isn't going away under President Joe Biden.
Under Biden, China Faces Renewed Trade Pressure
Jan 26th, 2021
The spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast Tuesday, January 26, 2021.
IMF: 5.5% Economic Growth from Vaccines
Jan 26th, 2021
A homeless with his dog in Pamplona, Spain, Jan. 21, 2021.
Group Urges Radical Economic Rejig for Post-COVID World
Jan 25th, 2021
A man walks out of a Marc's store, Mayfield Heights, Ohio, Jan. 8, 2021.
Damaged Economy, but Signs of Hope Emerging
Jan 22nd, 2021
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Former Fed Chair Janet Yellen during an appearance on Fox Business Network in Washington, Aug. 14, 2019.
Yellen Urges Congress to Do More to Fight Pandemic Recession
The Treasury Secretary nominee said the nation risks "long-term scarring of the economy" without further action.
Jan 19th, 2021
The Flint Water Plant tower is shown in Flint, Mich., Wednesday, Jan. 13, 2021. Some Flint residents impacted by months of lead-tainted water are looking past expected charges against former Gov. Rick Snyder and others in his administration to healing physical and emotional damages left by the crisis.
2 Ex-Health Officials Charged with Manslaughter in Flint
They were charged with involuntary manslaughter in the deaths of nine people who got Legionnaires’ disease during the Flint water crisis.
Jan 14th, 2021
Tents line a sidewalk on Golden Gate Avenue in San Francisco, April 18, 2020.
Proposed Corporate Tax Hike Would Aid California Homeless
The state suffers from prohibitively high housing costs and wages that can't keep up.
Jan 14th, 2021
A 'Help Wanted,' sign is shown in the window of a souvenir shop, Thursday, Jan. 7, 2021, in Miami Beach, Fla. Layoffs spiked in November compared with the previous month and the number of job openings slipped, a sign the job market has stalled as the resurgent coronavirus has forced new shutdowns of restaurants and bars and discouraged consumer spending.
Job Openings Down, Layoffs Spike
The slowdown in job postings was widespread across most industries.
Jan 12th, 2021
Violent protesters loyal to President Donald Trump storm the Capitol, Jan. 6, 2021, Washington.
Businesses Rethink Political Donations After Capitol Siege
Some halted donations to lawmakers that opposed the certification of the election; others are pausing contributions altogether.
Jan 11th, 2021
Rhode Island Gov. Gina Raimondo during a news conference in Providence, March 1, 2020.
Biden Adds Boston Mayor, R.I. Gov. to Economic Team
California official Isabel Guzman was picked to lead the Small Business Administration.
Jan 8th, 2021
A 'Now Hiring,' sign is shown in the window of a restaurant in Miami Beach, Fla. America's employers likely cut back on hiring last month, and may have even shed jobs, as the economy suffers from a resurgent virus.
US Loses 140,000 Jobs, the First Monthly Loss Since Spring
The figures suggest employers have rehired roughly all the workers they can afford to after having laid off more than 22 million in the spring.
Jan 8th, 2021
Victor Flores, 66, a third-generation owner of a gift shop, sweeps the steps of his store on Olvera Street in downtown Los Angeles. Millions of business owners are about to get additional help as they weather the coronavirus outbreak.
More Coronavirus Relief on the Way for Small Businesses
The Small Business Administration and the Treasury Department are preparing to revive the PPP five months after its first two rounds of funding ended.
Jan 8th, 2021
Zeida Hernandez, left, makes cigars at the J.C. Newman Cigar Co., Tampa, Fla., Dec. 14, 2020
US Unemployment Claims Slip to Still-High 787,000
Many employers are still cutting jobs as the pandemic tightens business restrictions and leads consumers to stay home.
Jan 7th, 2021
World Bank President David Malpass during a news conference at the World Bank/IMF Annual Meetings in Washington, Oct. 17, 2019.
World Bank Sees Subdued Recovery, Plenty of Risk
The bank expects 4% growth this year after the largest decline since World War II.
Jan 6th, 2021
An N train moves through Queens, New York, Dec. 23, 2020.
Major Rail Safety Technology Beats Deadline
The railroad industry installed the automatic braking system on nearly 58,000 miles of track ahead of a year-end deadline.
Jan 1st, 2021
Champagne is poured at a table where mannequins will provide social distancing, the Inn at Little Washington restaurant, Washington, Va., May 14, 2020.
3-Martini Lunch Write-off Causes a Stir
A provision tucked into the COVID relief bill restores full deductions prized by business and lobbyists for fine dining and schmoozing.
Dec 23rd, 2020