Business & Economy

Updated 10:55 a.m. ET Friday

President Trump on Thursday invoked his emergency economic powers to impose broad sanctions against TikTok, a move that steps up pressure on the Chinese-owned app to sell its U.S. assets to an American company.

In the order, which takes effect in 45 days, any transactions between TikTok's parent company, ByteDance, and U.S. citizens will be outlawed for national security reasons.

Updated at 8:45 a.m. ET

U.S. employers added 1.8 million jobs last month, as the unemployment rate dipped to 10.2%.

The pace of hiring slowed from June, when employers added a record 4.8 million jobs. That suggests a long road back to full employment for the tens of millions of people who have been laid off during the coronavirus pandemic.

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Updated at 9 a.m ET

Ordinarily when people lose their job, they spend less money. But something unusual happened this spring when tens of millions of people were suddenly thrown out of work by the coronavirus pandemic.

With the national death toll from COVID-19 passing the grim 150,000 mark, an NPR/Ipsos poll finds broad support for a single, national strategy to address the pandemic and more aggressive measures to contain it.

Two-thirds of respondents said they believe the U.S. is handling the pandemic worse than other countries, and most want the federal government to take extensive action to slow the spread of the coronavirus, favoring a top-down approach to reopening schools and businesses.

Updated at 9:32 a.m. ET

The coronavirus pandemic triggered the sharpest economic contraction in modern American history, the Commerce Department reported Thursday.

A coalition of health professionals is urging the nation's leaders to step back from the push to reopen the economy and shut down nonessential businesses to prevent the loss of more lives from the spiraling pandemic.