Economy
Weekly Jobless Claims Jump To 281,000 Ahead Of Surge In Coronavirus Layoffs
AMERICA - Published date: .
Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have ... Read more
Unprecedented Spike In Weekly Jobless Claims Is Just The Start, As Unemployment Is Set To Double
AMERICA - Published date: .
Thursday's spike in weekly jobless claims, considered the canary in the coal mine for labor, signals the start of a crus... Read more
US Producer Prices Post Biggest Drop In Five Years
AMERICA - Published date: .
U.S. producer prices fell by the most in five years in February, pulled down by declines in the costs of goods such as g... Read more
From Boeing To Tennessee Whiskey, Coronavirus Bailout Requests Top $1 Trillion
AMERICA - Published date: .
As the coronavirus outbreak threatens to bring U.S. economic activity to a grinding halt, American businesses are jockey... Read more
The Coronavirus Crisis Could Inflict Record-setting Damage On The US Jobs Market
AMERICA - Published date: .
The first wave of bad economic news directly related to the coronavirus crisis is likely to come from weekly jobless cla... Read more
US Housing Starts Fall Less Than Expected In February
AMERICA - Published date: .
U.S. homebuilding fell in February, pulled down by a sharp decline in the construction of multifamily housing units, and... Read more
Mnuchin Warns Senators Of 20% US Unemployment Without Coronavirus Rescue, Source Says
AMERICA - Published date: .
U.S. Treasury Secretary Steven Mnuchin warned Republican senators that the country's unemployment rate could hit 20% if ... Read more
The Federal Reserve Is Adding Another Program To Keep Money Flowing For Big Financial Institutions
AMERICA - Published date: .
In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, ... Read more
Fed Will Help Businesses Get Up To $1 Trillion In Funding In The Short-term Borrowing Markets Amid Coronavirus Crisis
AMERICA - Published date: .
In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper. Read more
Retail Sales Drop 0.5% In February
AMERICA - Published date: .
Retail sales fell 0.5% in February, indicating the consumer sector was slowing even before the coronavirus struck with f... Read more
Morgan Stanley Says A Global Recession In 2020 Is Now The Firm's 'base Case'
AMERICA - Published date: .
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy... 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
Britain's Post-Brexit Budget To Combat Virus Fallout
Funds - Published date: .
Finance minister Rishi Sunak will present the budget in parliament around 1230 GMT. Read more
Asia-Pacific Economies Face $211 Bn Hit From Virus, Says S&P
Funds - Published date: .
Fears about the impact of the outbreak have hammered world markets as investors fret over its economic impact. Read more
IMF Chief Calls For All-out Offensive To Counteract Epidemic
Funds - Published date: .
The virus has shuttered factories, disrupted travel, infected nearly 95,000 people worldwide and killed more than 3,200,... Read more
US, European Stocks Extend Losses On Virus Pandemic Scare
Funds - Published date: .
White House economic advisor Larry Kudlow said he sees no downturn looming for the US economy. Read more
US Economy Faces Long-lasting Damage From Trade War: Fed Official
Funds - Published date: .
The trade picture is "somewhat better" heading into 2020. Read more
Coronavirus Puts 'fragile' Global Recovery At Risk: IMF To G20
Funds - Published date: .
Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year. Read more
US Productivity Rebounds In Fourth Quarter As Labor Costs Growth Slows
AMERICA - Published date: .
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. Read more
US Weekly Jobless Claims Drop To A 9-month Low
AMERICA - Published date: .
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, down slightly... Read more
