Author: Paul Davidson, USA TODAY

U.S. gross domestic product fell at annual rate of 32.9% in second quarter as states shut down nonessential businesses and consumers largely stayed home.

With COVID-19 resurgent across much of U.S., the Fed held interest rates near zero and vowed more support for economy. It noted pickup in jobs and economy.

U.S. economic output likely fell at record 35% annual rate in the second quarter. The rebound is threatened by COVID-19 spikes, state reclosings.

Amid coronavirus spikes, the Fed Wednesday could signal it intends to keep interest rates near zero even longer and juice its bond buying stimulus

Retailers everywhere are fighting to survive the challenges of COVID-19. But few merchants are under fire like those in America’s beach towns.

More companies are seeking out job candidates across the U.S. and letting them work remotely. The trend is creating bigger pools of top applicants.

As many Americans continue to work from home even after the coronavirus pandemic fades, the office market could shrink substantially.

After breakout job gain, many economists expect slowdown amid a rise in coronavirus infections and more layoffs as firms run out of government aid.

The economy added 4.8M jobs in June as states allowed more businesses shuttered by the coronavirus to reopen. Economists had forecast 3M gains.

The spike in coronavirus infections and decisions by 17 states to pause or roll back reopening plans could hurt the economic recovery.