The Department of Commerce announced Thursday that U.S. economic output in the third quarter grew by 33.1 percent, the largest expansion on record, after falling by 31.4 percent in the second quarter, the largest shrinkage on record. In a release detailing the agency’s “advance” estimate for third-quarter gross domestic product (GDP), the Commerce Department noted, as […]

WASHINGTON—The economic recession caused by the COVID-19 pandemic lockdowns is finally starting to show signs of bottoming out. Many forecasters expect a strong bounce in economic activity over the second half of the year, while urging caution due to high uncertainty. Economic data in March and April revealed the broad damage done by the crisis on the […]

“Squawk Box” hosts Andrew Ross Sorkin and Joe Kernen squared off during an explosive segment Wednesday morning. Kernen claimed that Sorkin had panicked about every little thing throughout the coronavirus pandemic, and Sorkin argued that Kernen had ignored 100,000 dead in order to help President Donald Trump. (RELATED: Stocks Roar Back From Coronavirus Plunge To […]