Business New applications for unemployment benefits fell to a seasonally adjusted 1.542 million for the week ended June 6, from 1.897 million the prior week. Posted on June 11, 2020June 11, 2020
Business Fed sees interest rates staying near zero through 2022 with economy shrinking 6.5% in 2020. Posted on June 11, 2020June 11, 2020
Business The World Bank said on Monday, the coronavirus will cause global economic output to contract by 5.2% in 2020. Posted on June 8, 2020June 8, 2020
Business China May exports slip back into contraction, imports worst in 4 years. Posted on June 7, 2020June 7, 2020
Business, Weird Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data. Posted on June 5, 2020June 5, 2020
Business Employment rose by a 2.5 million in May and the jobless rate declined to 13.3%, far better than economists had been expecting. Posted on June 5, 2020June 5, 2020
Business U.S. exports and imports both posted their largest monthly decreases on record amid coronavirus-related shutdowns around the world. Posted on June 5, 2020June 4, 2020
Business, World China’s aviation authority allows more foreign flights after the U.S. bans Chinese carriers. Posted on June 4, 2020June 4, 2020
Business Largest US mall owner, Simon Property, sues Gap over skipped rent payments. Posted on June 4, 2020June 4, 2020
Business US weekly jobless claims total 1.877 million, vs 1.775 million expected Posted on June 4, 2020June 4, 2020
Business Amazon plans June 22 sale to boost sales after coronavirus pandemic. Posted on June 3, 2020June 3, 2020
Business New orders for US-made goods plunged in April. Factory orders drop 13% vs 14% expected after falling 11% in March. Posted on June 3, 2020June 3, 2020
Business ADP reports another 2.76 million job losses in May vs. 8.75 million expected. Posted on June 3, 2020June 3, 2020
Business US consumer spending dives while savings hit an all-time high. Posted on May 29, 2020May 29, 2020
Business US mortgage delinquencies jump by 1.6 million in record increase for April. Posted on May 21, 2020May 21, 2020
Business Jobless claims total 2.4 million last week, inline with expectations. Posted on May 21, 2020May 21, 2020
Business Pier 1 is going out of business and closing all 540 stores. Posted on May 20, 2020May 20, 2020
Business CBO sees GDP plummeting 38%, the greatest single drop in the history of the US. Posted on May 19, 2020May 19, 2020
Business Southwest and United Airlines say ticket cancellations are slowing and demand is improving. Posted on May 19, 2020May 19, 2020
Business US housing starts drop to five-year low in April underlining fears coronavirus crisis could lead to deep economic contraction. Posted on May 19, 2020May 19, 2020
Business Walmart e-commerce sales grew by 74% and same-store sales jumped by 10% in first quarter. Posted on May 19, 2020May 19, 2020
Business Survey of 86,000 small and medium-sized business owners find a third believe they will not reopen after the coronavirus crisis passes. Posted on May 18, 2020May 18, 2020
Business Fed Chairman Jerome Powell said US GDP could shrink up to 30% but he does not see the economy entering a Depression over the longer term. Posted on May 18, 2020May 18, 2020
Business, US Feds say full economic recovery may be dependent on a successful coronavirus vaccine. Posted on May 17, 2020May 17, 2020
