Stocks Surge To Highest Levels Since Shutdown As U.S. Death Toll Nears 100,000Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation’s official death toll from the coronavirus closed in on 100,000.
Economic Situation Remains Dire As Some Contra Costa Shops ReopenAs Contra Costa County entered Phase II Tuesday, easing restrictions and allowing many retail businesses to open for curbside pickup, a number of shops decided to stay shut down.
After COVID-19 Shutdown Bay Area's Cautious Reopening Could Be Costly For BusinessesAs businesses slowly begin to reopen, officials are asking two major questions: how can we afford to open up when the virus is still just as dangerous and how can we afford not to?
Speaker Pelosi On $3 Trillion COVID-19 Relief Package: 'American People Are Worth It'House Speaker Nancy Pelosi on Wednesday defended the stunning $3 trillion price tag on Democrats’ pandemic relief package as what is needed to confront the “villainous virus” and economic collapse.
Tech, Health Care Stocks 'Resilient' Amid Widespread Losses During COVID-19 PandemicEven with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They’re up 4.1% for 2020.
Bay Area Economists Weigh In On Whether U.S. Is Headed For Depression From COVID-19With new unemployment figures showing 20 million American jobs lost in the month of April alone, KPIX 5 asked two Bay Area experts to explain where the U.S. could be headed at this historic economic moment in time.
What Companies Benefit From Coronavirus?Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Coronavirus Update: California Gov. Newsom Says Some 'Low-Risk' Businesses Eligible To Reopen FridayGovernor Gavin Newsom on Monday offered updates on the state's plans to track and trace contacts made by diagnosed cases of COVID-19 and said some low-risk businesses would be able to reopen as early as Friday.
Coronavirus Update: Gov. Newsom Announces Record Unemployment Numbers, Promises Progress Toward ReopeningGov. Gavin Newsom on Friday said a record of almost four million residents in the state have filed for unemployment since the beginning of the coronavirus emergency in March while promising California he would soon be making important moves toward reducing shelter order restrictions.
Coronavirus Jobs: Millions Of Californians File For Unemployment; Dire Predictions Of What's AheadAt least 3.2 million Californians have filed for unemployment since the coronvirus outbreak began with about one in six American workers having lost their jobs in the past five weeks.
Coronavirus Update: SFO Looks Like Ghost Town, Sees 97 Percent Drop In TravelersSan Francisco International Airport looks like ghost town these days as travelers stay home due to the coronavirus stay at home orders.
As Oil Prices Plummet U.S. Stocks Suffer Worst Loss In WeeksThe Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
Bay Area Business Owners Uncertain How Newsom's Plan To Reopen State Will Pan OutBay Area business owners have already made big changes due to the coronavirus pandemic and are willing to make more, but they're not sure how feasible Gov. Newsom's plan to reopen the state is.
Economist, Health Expert Detail Bay Area's Return To Normal After PandemicThe reopening of cities and the return to normal life cannot be rushed and won't happen until a vaccine is available, and that's still at least 12 to 18 months away, experts say. When society reopens, it will be slow and happen in stages.
VIDEO: Congresswoman Barbara Lee Talks To BR About Surviving The COVID-19 PandemicCongresswoman Barbara Lee talks to BR host Jan Mabry about the coronavirus, its impact on African Americans and communities of color, and the work she's doing on the part of her constituents to ensure their economic recovery.