Author: Jessica Menton, USA TODAY

It could take a decade for the U.S. economy to fully recover from the lingering effects of coronavirus, the Congressional Budget Office said Monday.

With Americans growing more cautious about their spending habits in the wake of layoffs and pay cuts, experts caution that small businesses should brace for a rise in “friendly fraud.”

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U.S. stocks rose Thursday as more states and countries start to ease restrictions on business, raising hopes for an economic recovery following a historic plunge due to the coronavirus pandemic.

U.S. stocks snapped two consecutive days of gains Wednesday as hopes for an economic recovery were tempered following a historically weak report on U.S. payrolls.

Many homeowners struggling financially in the coronavirus pandemic worry mortgage servicers will require them to repay mortgage bills all at once.

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U.S. stocks fell Thursday as more Americans filed for unemployment benefits, but major averages still posted their best month in decades on hope about curbing the coronavirus.

U.S. stocks rallied Wednesday as upbeat data on coronavirus treatment from Gilead Sciences offset fresh figures that showed U.S. economic growth contracted more than expected in the first quarter.

U.S. stocks extended gains Tuesday as governments inched toward letting businesses reopen and central banks stepped in with more support for ailing economies.