The optimism that fueled stocks to their best month in decades all but vanished Friday.

Roughly 30 million Americans have filed for unemployment benefits in two months.

  • Perspective

With the Federal Reserve backstopping risky corporate debt, the U.S. economy has made itself thoroughly addicted to cheap credit and government rescues.


The Fedโ€™s program is designed to target midsize companies. Lobbyists and some lawmakers had urged the Fed to open the loans up to more companies, especially distressed oil and gas firms.

The $2.5 trillion in federal relief has not included raises for front-line employees. Many also donโ€™t get paid sick leave because of a congressional loophole.

The worst is yet to come, many analysts say. The second quarter is likely to show a decline of 30 percent -- or more.

No, your employer can't make you go back to work if you don't have childcare and other questions answered as Americans return to the workplace amid the coronavirus pandemic. As states re-open, and some companies call back unemployed and furloughed workers, hereโ€™s what your employer can -- and canโ€™t -- expect.

Fed Chair Jerome H. Powell on Wednesday is expected to provide an idea of how much more money the central bank is planning to deploy, and Wall Street is hungry for answers.

Some states and the White House forge ahead, but many business owners, workers and consumers are wary of what happens next.

Paul Romer says the U.S. must test everyone in the nation once every two weeks and isolate people who test positive for the deadly coronavirus. He estimates this would cost $100 billion.

A roundup of business news from around the world.

A disappointing report on Gileadโ€˜s highly anticipated coronavirus treatment punctures rally.

Analysts say the steep drop in demand has bottomed out as states begin to reopen.

The escalating calls could leave President Trump pinned between allies and a trade deal.

President Trump has railed for years against what he sees as mismanagement of the agency, which he argues has been exploited by sites such as Amazon.

The White House and Congress have tried to arrest the downturn, but the coronavirus pandemic keeps pushing Americans out of the labor force.

Can the boss ask you to do busywork at home while paying you with Paycheck Protection Program funds?

  • Analysis

Thereโ€™s a real possibility that the economy starts looking a little better, then sees a second downturn later this year or next.

The Dow, S&P 500 and Nasdaq surged at least 2 percent after a wild, two-day slide in oil prices rattled Wall Street.

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