Stocks open higher on Wall Street, extending global gains

Stocks moved solidly higher on Wall Street in morning trading Monday, extending a global rally amid optimism about a potential vaccine for the coronavirus and hopes for a U.S. economic recovery in the second half of the year.

Impacting the Community through Revitalization

Terrence Maiden is the CEO of Russell Glen Company. He is using his knowledge as an urban developer to revitalize parts of Dallas to improve the economic status of the area. He is also pushing for critical health care services needed beyond the COVID-19 pandemic.

Impacting the Community through Revitalization

Terrence Maiden is the CEO of Russell Glen Company. He is using his knowledge as an urban developer to revitalize parts of Dallas to improve the economic status of the area. He is also pushing for critical health care services needed beyond the COVID-19 pandemic.

36 million have sought US unemployment aid since virus hit

Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.

Virus spikes could emerge weeks after US economic reopenings

U.S. states are beginning to restart their economies after months of paralyzing coronavirus lockdowns, but it could take weeks until it becomes clear whether those reopenings will cause a spike in COVID-19 cases, experts said Wednesday.

Powell warns of a possible sustained recession from pandemic

Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.