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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

Johnson & Johnson Told To Pay $2.1 Billion Over Cancer-causing Talc Powder

AMERICA - Published date: .

Johnson & Johnson has faced thousands of lawsuits across the United States. Read more

Homebuilders See Strongest May Sales In Over A Decade, But They Have A Big Problem

AMERICA - Published date: .

Sales of newly built homes jumped far more than expected in May, according to the U.S. Census. After slowing dramaticall... Read more

A Tale Of Two Recessions: Some Americans Thrive As Others Suffer

AMERICA - Published date: .

The recession is playing out much differently across wealth, race and gender divides. Some are bearing the brunt of the ... Read more

Fed's Rosengren Reports 'tremendous Interest' From Businesses For Loan Program

AMERICA - Published date: .

As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the ... Read more

Another 1 Million Jobless Claims Show Congress May Need To Extend Extra Benefits Set To Expire

AMERICA - Published date: .

Economists say the latest jobless claims report shows adds weight to calls for the extension of expanded unemployment be... Read more

Jobless Claims Total 1.5 Million, Worse Than Expected As Economic Pain Persists

AMERICA - Published date: .

The elevated claims number persists even as all states have reopened to varying degrees and nonfarm payrolls grew by 2.5... Read more

U.S. May Retail Sales Surge 17.7% In The Biggest Monthly Jump Ever

AMERICA - Published date: .

U.S. retail sales were expected to rise 8% in May, after plunging 16.4% the prior month as retailers went into lockdown ... Read more