Avie Schneider

Updated at 10:21 a.m. ET

Another 1.5 million people filed for unemployment benefits for the first time last week, a decline of 58,000.

But the number who are continuing to seek the payments is continuing to fall as workers return to their jobs. The Labor Department said continued claims dipped by 62,000 to 20.5 million.

In the past 13 weeks, since the early days of the coronavirus crisis, new claims have totaled a staggering 45.7 million. New weekly filings peaked at nearly 6.9 million in March and have been dropping ever since.

Updated at 3:36 p.m. ET

The Justice Department is proposing legislation to curtail online platforms' legal protections for the content they carry.

The proposal comes nearly three weeks after President Trump signed an executive order to limit protections for social media companies after Twitter began adding fact checks to some of his tweets.

Updated at 4:05 p.m. ET

U.S. stock markets surged Tuesday after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy, which has been battered by the coronavirus crisis.

Updated at 4:59 p.m. ET

After opening sharply lower, U.S. stock indexes climbed Monday after the Federal Reserve announced it will begin buying corporate bonds. It was the central bank's latest step to help an economy battered by the coronavirus pandemic.

The Dow Jones Industrial Average closed up 157 points, or nearly 0.6%, and the broader S&P 500 index rose 0.8%. The Dow was down nearly 600 points shortly after the opening.

Updated at 4:05 p.m. ET

Stock prices rebounded Friday, one day after a punishing drop triggered by fears that the coronavirus cases are increasing in the Sunbelt.

The Dow Jones Industrial Average closed up 477 points, a gain of 1.9%. The broader S&P 500 index climbed 1.3%.

A day earlier, the Dow lost 1,861 points, or about 7%, and the S&P 500 dove nearly 6%.

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