Jim Zarroli

A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It's nearly five times the levels seen during the Great Recession.

Congress is forming plans to rescue businesses hit hard by the effects of the coronavirus outbreak, just as it did during the 2008 financial crisis. But not everyone thinks it's a good idea.

New claims for jobless benefits climbed 70,000 to 281,000 last week as the coronavirus pandemic shuttered businesses and left people out of work. It was the highest level since September 2017.

With more and more businesses shutting down around the country, a flood of new unemployment claims are pouring in. But President Trump continues to downplay the impact of the virus on the economy.

States are now reporting a sudden, sharp spike in jobless claims as the coronavirus crisis stalls business around the country.

Princeton Profs. Anne Case and Angus Deaton make the case that something has gone grievously wrong, starting with the shift to declining life expectancy numbers around the year 2000.

U.S. businesses are shutting down plants and watching their sales plummet around the world. Many economists now say odds are increasing that the economy will slow, if not contract altogether.

The Federal Reserve cut interest rates by the largest amount since the 2008 financial crisis, but the emergency move failed to mollify investors worried about the coronavirus epidemic.

Financial markets have suffered their worst week since the 2008 financial crisis. The drubbing continued as coronavirus spread and fears grew that its impact will damage the global economy.

The U.S. stock market ended its worst week since the financial crisis with the Dow Jones Industrial Average falling 12.4%. Fed Chairman Jerome Powell promises to support the economy as necessary.

U.S. markets fell sharply amid widening concern that the continuing spread of cases could lead to a global pandemic. The Dow Jones Industrial Average had its worst performance in more than 2 years.

Wall Street moves a little closer to Main Street with Morgan Stanley's acquisition of discount brokerage E*Trade. The $13 billion deal is the largest by a major U.S. bank since the financial crisis.

President Trump's relationship with Deutsche Bank is still under investigation, so David Enrich's story is necessarily incomplete. But he shows the bank's tale is complex — more than one gone rogue.

The U.S. government has charged China's Huawei with racketeering and conspiracy to steal trade secrets. The new charges raise the stakes to a case that began last year.

Ebbers built WorldCom into one of the world's largest telecommunications companies, only to see it all end in bankruptcy and federal fraud charges. He died Sunday at age 78.

If Boeing were a normal company, it could be facing questions about bankruptcy after losing billions of dollars over the grounding of the 737 Max. But is it too big to fail?

Prince Harry and his wife Megan Markle are giving up their senior royal status to work as they please and become financially independent. No one is exactly sure what that means.

Australia hasn't had a recession in nearly 30 years, an impressive track record for an industrialized county. But the fires threaten two pillars of the country's economy.

Australia's devastating wildfires are now threatening key parts of the country's economy, like farming and tourism.

The S&P 500 has seen a nearly fivefold increase since the depths of the Great Recession. But some analysts say the bull market may have gone on too long, encouraging investors to take more risks.