United States
Unemployment Is Nearing Great Depression Levels. Here's How The Eras Are Similar — And Different
AMERICA - Published date: .
The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early... Read more
LinkedIn Data Shows U.S. Job Hiring May Have Hit Bottom In Mid-April
AMERICA - Published date: .
The U.S. may have experienced the worst of its coronavirus-related job losses in mid-April, and hiring could be on the v... Read more
Powell Says GDP Could Shrink More Than 30%, But He Doesn't See Another Depression
AMERICA - Published date: .
The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Read more
Will Invest Rs 2,000 Cr In Small Molecules Segment In 3-4 Years: Biocon MD
Banking - Published date: .
In a Q&A, Biocon CEO and MD Siddharth Mittal explains why he believes his company is on track to achieve the $1 bill... Read more
Goldman Sachs Says A Second Wave Of Coronavirus Could Make The Fed Rethink Negative Interest Rates
AMERICA - Published date: .
But negative interest rates wouldn't be "very helpful" to the economy, said Zach Pandl, co-head of global foreign exchan... Read more
AstraZeneca Says Data From Covid-19 Vaccine's Phase-1 Trials To Be Out Soon
Banking - Published date: .
Once the late stage trials begin, the company simultaneously will start working on the global manufacturing capabilities... Read more
Famotidine Shortage In US May Benefit Indian Pharmaceutical Companies
Banking - Published date: .
Some see this as an opportunity for Indian firms like Alembic, Aurobindo who make both the bulk drug and the formulation Read more
General Electric To Cut 10,000 Aviation Jobs
Breaking - Published date: .
The aviation division's revenue plunged 13 percent to $6.9 billion. Read more
8-month 'structured Lockdowns' Could Halve Economic Damage From The Coronavirus, Research Claims
AMERICA - Published date: .
Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the f... Read more
Consumer Confidence Plunges In April As Millions Lose Jobs
AMERICA - Published date: .
The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six... Read more
Asia Markets Lifted By Hopes Worst Of Virus Has Passed, Oil Falls
Hedge Fund - Published date: .
New York Governor Andrew Cuomo said that a first stage of a reopening would start on May 15 if hospitalisations decrease... Read more
US Consumer Sentiment Falls For A Third Consecutive Month
AMERICA - Published date: .
U.S. consumer sentiment fell for a third straight month as people weigh the coronavirus pandemic and the possibility of ... Read more
Trump's Tariffs On China Could Cost The US In Its Fight Against The Coronavirus
AMERICA - Published date: .
The Trump administration's tariffs on imported medical equipment, particularly from China, have added to the struggle in... Read more
'I Feel Better' — Cramer Praises Fed's $2.3 Trillion In Loans To Help Businesses And Governments
AMERICA - Published date: .
"This is what is needed because we've got to fight off a depression," CNBC's Jim Cramer said. Read more
Pence Says Economic Fundamentals Remain Strong Despite Massive Coronavirus Impact
AMERICA - Published date: .
Vice President Mike Pence said that the fundamentals of the U.S. economy remain strong despite the coronavirus pandemic ... Read more
House Unlikely To Vote On Historic $2 Trillion Coronavirus Stimulus Bill Wednesday
AMERICA - Published date: .
Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has... Read more
Coronavirus Stimulus Bill Fails In Key Senate Procedural Vote
AMERICA - Published date: .
Democratic leaders warned that the bill did too much to bail out companies and not enough to help workers. Read more
Fed's Bullard: Coronavirus Shutdown Is Not A Recession But An Investment In Survival
AMERICA - Published date: .
Shutdown measures must be coupled with massive federal government support to sustain the population through isolation an... Read more
Nevada To Close Casinos, Businesses And Ban Dining Out To Stem Coronavirus Spread
AMERICA - Published date: .
The order from Democrat Steve Sisolak Tuesday night follows similar moves by more than 10 other governors as states scra... Read more
'I Don't See How We're Going To Avoid Having A Recession,' Says Former Fed Advisor As Coronavirus Outbreak Persists
AMERICA - Published date: .
Even if every American is given $1,000 to ride out the coronavirus crisis, it's still going to be difficult for the U.S.... Read more