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Stocks Rise After Better-than-expected Jobs Report To Close Out Winning Week

AMERICA - Published date: .

Stocks rose on Thursday following a better-than-expected U.S. jobs report as the economy tries to recover from the coron... Read more

Record Jobs Gain Of 4.8 Million In June Smashes Expectations; Unemployment Rate Falls To 11.1%

AMERICA - Published date: .

Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by... Read more

17.6 Million Unemployed Americans Probably Won't Return To Their Pre-pandemic Jobs

AMERICA - Published date: .

The share of the workforce currently out of work with no reasonable chance of returning to their jobs is about 11%, or a... Read more

GM, Fiat Chrysler U.S. Auto Sales Tank In Second Quarter As Coronavirus Saps Demand

AMERICA - Published date: .

U.S. vehicle sales in the second quarter for General Motors, Toyota Motor and Fiat Chrysler plunged by more than 30% Read more

Mortgage Demand Falls For The Second Straight Week, Signaling A Potential Slowdown In The Housing Recovery

AMERICA - Published date: .

The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates conti... Read more

Fed's Bullard Warns Of Financial Crisis Risks As Virus Cases Spike, FT Reports

AMERICA - Published date: .

St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coron... Read more

June Private Payrolls Rose 2.37 Million And There Was A Big Positive Revision For May, ADP Says

AMERICA - Published date: .

Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surve... Read more

Economy's Second-half Comeback Is Now Threatened By Coronavirus Resurgence

AMERICA - Published date: .

Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the ... Read more

Goldman Sachs Says A National Mask Mandate Could Slash Infections And Save Economy From A 5% Hit

AMERICA - Published date: .

A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. econ... Read more

U.S. Consumer Confidence For June Jumps More Than Expected

AMERICA - Published date: .

Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, accor... Read more

Home Prices Heated Up In April, Despite Brief Sales Drop From Coronavirus, S&P Case-Shiller Says

AMERICA - Published date: .

Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the corona... Read more

Nearly Half The U.S. Population Is Without A Job, Showing How Far The Labor Recovery Has To Go

AMERICA - Published date: .

"To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs," ... Read more

Total Of Those Receiving Unemployment Benefits Falls Below 20 Million

AMERICA - Published date: .

Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly hi... Read more

U.S. GDP Fell At A 5% Rate In The First Quarter, And The Worse Is Likely On The Way

AMERICA - Published date: .

The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-mont... Read more

Australia's Qantas Cuts 6,000 Jobs In Post-COVID Restructure

AMERICA - Published date: .

The three-year plan to save Australia's carrier from 'the biggest crisis' would also see half the company's 29,000 staff... Read more