Many Americans want more help from the federal government, and some lawmakers say it is too expensive. Now the Trump administration is reportedly considering letting workers take Social Security benefits early in exchange for reduced payments later.
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.
Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. economy could soon emerge from economic lockdown. Safe havens such as U.S. Treasuries edged higher in anticipation of further stimulus measures to limit the damage of the COVID-19 pandemic.
California Governor Gavin Newsom said both he and local health officials would speak to officials at Tesla Inc, after the company ordered workers back on the job despite ongoing coronavirus restrictions in Alameda County, where its auto plant is located.
Tesla Inc Chief Executive Elon Musk on Monday said production was resuming at the company's primary vehicle factory in California and asked to be the only one arrested as he defied local officials who said the plant should remain closed to curb the spread of the coronavirus.
Sandwich maker Potbelly Corp on Monday promised to reimburse activist shareholders' expenses with stock not cash, creating a situation that lawyers call an outlier for now but which they said could find traction in tough economic times.
Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on Phase 1 of a trade deal, which the two countries agreed on at the beginning of the year.
China's Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company's social entertainment services business, sending its shares down 4.5% in extended trade.
Oklahoma's energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices.
United Airlines Holdings Inc said on Monday that starting next week it will notify passengers ahead of time if their flight is expected to be "closer to full capacity," allowing them to re-book on a different flight or receive a travel credit.
Caesars Entertainment Corp missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic.
Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China "Phase 1" trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement.
Asian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.