Pence says virus taskforce soon to deliver recommendation on whether to re-open economy
Vice President Mike Pence, heading the Trump administration's response to the coronavirus outbreak, said on Saturday that he would deliver a recommendation to the president on whether to re-open the U.S. economy in the coming week......»»
Nissan to close global headquarters, other Japan sites through May 10 due to virus
Nissan Motor Co said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy running......»»
Amazon CEO Jeff Bezos says more coronavirus testing needed to open economy
Amazon CEO and founder Jeff Bezos says "vastly more testing capacity" for virus that causes COVID-19 is needed before U.S. can open economy......»»
Lansing, Michigan protests should not surprise us -- There are real risks from aggressive, prolonged lockdowns
State governors, who truly control whether the economy stays open or shut, must better explain their reasons for their trade-offs between slowing the spread of the virus and throwing millions out of work.....»»
President Trump Urges Governors To Rank Counties By Virus Risk In Bid To Re-Open America"s Economy
President Trump Urges Governors To Rank Counties By Virus Risk In Bid To Re-Open America's Economy President Trump said in a letter to governors today that governments should soon be ranking individual counties across t.....»»
Big Fed rate cuts baked into futures prices as virus spreads
The U.S. central bank will deliver a big dose of stimulus starting this month in a bid to protect the world's biggest economy from the impact of the coronavirus, traders of futures contracts tied to Federal Reserve policy are betting......»»
In major cell therapy manufacturing deal, UCSF, biotech tools leader Thermo Fisher go small to go big
The new cell therapy manufacturing facility, which will open early next year, will be able to deliver highly specialized cell therapies to patients in clinical trials at UCSF's women's, children's and cancer hospitals complex across Mariposa Street......»»
Walmart says customers starting to shop like normal again as the US economy continues to re-open
Buying behavior is returning to normal as people resume traveling, socializing, and working from offices, the retailer said Tuesday. AP Photo/Julio Cortez Walmart sales hit $138.3 billion in the first quarter of 2021, up 2.7% over the .....»»
Market Snapshot: Dow futures edge higher as Home Depot, Walmart deliver strong earnings
The Dow Jones Industrial Average on Tuesday is poised to open slightly higher, with Wall Street sentiment scoring a lift from better-than-expected quarterly results from retailers, including Home Depot, Walmart and Macy's......»»
Economic Report: U.S. gains just 266,000 jobs in April ‘in a huge disappointment’
The U.S. created just 266,000 new jobs in April even as the economy gained strength, suggesting companies might be struggling to fill open jobs even with millions of people still unemployed. The jobless rate also rose to 6.1% from 6%......»»
The Fed: Fed’s Kaplan, in interview, says it’s time to open discussion on tapping brakes on central-bank support for economy
Dallas Fed President Robert Kaplan on Tuesday pushed for the Fed to start to discuss tapering its $120 billion per month in asset purchases.....»»
Fed says economy path will "depend significantly" on virus
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
The Tell: ‘Massive helicopter drop of money’ from Fed and Washington raises inflation risk, says manager of $88 billion bond fund
Policymakers are making a big gamble that their extraordinary efforts to stimulate the economy wouldn't send inflation out of control, but one of the biggest bond fund managers says its an open question if their wager will pan out......»»
The FDIC wants to make it easier for millions of ‘unbanked’ Americans to get their stimulus payments
The FDIC is launching a campaign in Atlanta and Houston to get low-income and minority families to open bank accounts, which will make it easier for the IRS to deliver stimulus payments......»»
The FDIC wants to make it easier for millions of ‘unbanked’ Americans to get their stimulus payments
The FDIC is launching a campaign in Atlanta and Houston to get low-income and minority families to open bank accounts, which will make it easier for the IRS to deliver stimulus payments......»»
Despite record year in 2020, Sprouts will open fewer stores than expected in 2021
Sprouts Farmers Market Inc. put up record earnings numbers in 2020, despite the global pandemic that stalled the economy in most sectors. The Phoenix-based specialty grocer released its earnings for the fourth quarter and the full year of 2020 on.....»»
Stocks set for gains as Yellen calls on Congress to deliver coronavirus relief
U.S. equity markets were set to open modestly higher Friday after Treasury Secretary Janet Yellen called for Congress to deliver a “big package” for COVID-19 relief......»»
Israel plans to reopen gyms, malls, and hotels - but only for people who have been vaccinated
Speaking on Sunday, Prime Minister Benjamin Netanyahu said that Israel's economy could open up to people who have been vaccinated within the month. Is.....»»
Coronavirus Update: U.S. COVID vaccine program enters new phase as feds deliver jabs directly to drug store chains
The U.S. vaccine program will enter a new phase Friday when the federal government starts to deliver doses directly to drug store chains and pharmacies, in an effort to get more jabs into arms as new variants of the virus continue to spread......»»
The economy gained just 49,000 jobs in January as recovery sputters amid pressure from virus
The January data, released by the Labor Department, is another reminder of how much ground the labor market still needs to regain to return to pre-pandemic levels......»»
The economy gained just 49,000 jobs in January, as recovery sputters amid pressure from virus
The January data, released by the Labor Department, is another reminder of how much ground the labor market still needs to regain to return to pre-pandemic levels......»»