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The Federal Reserve left interest rates near zero Wednesday and pledged it was ready to use all of its available tools to support an economic recovery that appears to be weakening.
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The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.
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Median household income jumped to $68,700 in 2019, the highest since record-keeping began in 1967. Many of those gains have likely been erased this year, as the pandemic left tens of millions jobless.
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Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That's down from the previous week, but the report comes with an asterisk.
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Just last week, American Airlines announced that 19,000 job cuts were coming. A federal aid package for the industry expires at the end of the month, and airlines are lobbying for an extension.
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Walmart+ will cost $98 a year, offering free delivery of groceries and items from nearby stores, a discount on gasoline and mobile checkout.
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The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it's now more concerned with prices that are too low than with runaway inflation.
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Apple's stock split is the cause of the shake-up at the Dow Jones Industrial Average. But the symbolic shift also represents how Exxon, once a corporate titan, has diminished in stature.
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President Trump gets higher marks for handling the economy than just about anything else, despite presiding over the worst recession since the Great Depression.
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The expiration of emergency jobless benefits is draining $15 billion a week from the U.S. economy. President Trump has offered to replace half that money, but states have been slow to accept.