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Money & Markets

Congress averts shutdown; fight continues over pandemic aid

WASHINGTON — Congress passed a two-day stopgap spending bill Friday night, averting a partial government shutdown and buying yet more time for frustratingly slow endgame negotiations on an almost $1 trillion COVID-19 economic relief package. The virus aid talks remained on track, both ...

Snags on COVID-19 relief may force weekend sessions

WASHINGTON — It’s a hurry up and wait moment on Capitol Hill as congressional negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package struggled through a handful of remaining snags Thursday. The holdups mean a weekend session now appears virtually certain, and a top ...

Fed keeps rate near zero and sees brighter economy in 2021

WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy ...

Boeing suffers more canceled orders for its 737 Max plane

Boeing Co. reported more cancellations for its 737 Max jet, which this week is scheduled to carry paying passengers for the first time since the planes were grounded 21 months ago after two deadly crashes. Boeing said orders for 88 of the planes were canceled in November, pushing the total to ...

US jobless claims remain high at 712,000 as virus escalates

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell as the nation celebrated Thanksgiving last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak. Thursday’s report from ...

Fed reports slowing US economic activity

WASHINGTON — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed’s 12 regional banks characterized the economic ...