Jennifer Haynes, a self-employed chef living in Rancho Cucamonga, California, is caught in the middle of two opposing forces: childcare duties and meager unemployment benefits. Her story is emblematic of single mothers across the U.S. during Covid-19.

We have a long way to go before we are fully recovered, but I will say this employment report was a very positive one,“ Boston Fed President Eric Rosengren told CNBC’s Steve Liesman during an interview on „The Exchange.“

Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.

Check out the companies making headlines in midday trading.

The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.

Morgan Stanley analysts predict the Chinese yuan will account for between 5% to 10% of global foreign exchange reserve assets by 2030, putting the currency into third place.

The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.

The stocks making the biggest moves in premarket trading include DocuSign, Broadcom, Tesla, Grubhub, and more.

The S&P 500 opened flat on Friday as Wall Street tried to recover some of its steep losses from the previous session after the of better-than-expected U.S. unemployment data. 

China’s authorities aim to dispose 3.4 trillion yuan ($497 billion) worth of bad loans from the banking sector this year — only one-third of that have been written off, said Fitch.