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JPMorgan"s Nationwide Consumer Data Slips As COVID "Dark Winter" Drowns Recovery
JPMorgan's Nationwide Consumer Data Slips As COVID 'Dark Winter' Drowns Recovery The US economy slowed considerably in recent months, as it faced a dark winter of COVID-19 infections. New retail fo.....»»
Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis
Associated Press The German economy plunged into recession as the country's federal statistics authority released grim data showing a contraction of 2.2% on Friday. The economy's decline reflects its biggest quarterly .....»»
One chart shows where daily coronavirus cases are surging. The US, Russia, and Brazil now have the bulk of new infections.
Reuters/David W Cerny Coronavirus cases are surging in some of the biggest countries around the globe. The US log.....»»
Stocks rally grinds on as virus and trade nerves linger
Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy kept worries about a potential second wave of coronavirus infections at bay......»»
Stocks rally falters as virus and trade nerves linger
Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy helped limit worries about a potential second wave of coronavirus infections......»»
S&P 500 closes barely higher as investors balance pandemic with recovery
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business......»»
S&P 500 gains as investors look beyond pandemic to recovery
The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business......»»
Bank of England warns the UK economy could contract by 30% in the first half as coronavirus hammers activity
Tolga Akmen/Pool via REUTERS The UK economy could shrink by 30% in the first half of the year and suffer its worst recession on record, the Bank of England warned on Thurs.....»»
Key Words: A wave of bankruptcies, surging taxes, and Americans harboring lasting scars from coronavirus lockdowns — the head of world’s largest asset manager warns of grim outlook
The era of coronavirus h.....»»
Surging small cap stocks offer hope of U.S. growth rebound
Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S. economy can emerge from its coronavirus-fueled slowdown......»»
The Moneyist: My state is reopening restaurants and movie theaters. Am I selfish if I go, or am I selfish if I stay home?
‘I am torn between supporting our town and our nation’s economy, and ensuring that I don’t contribute to an increase in coronavirus infections.’.....»»
The Moneyist: My state is reopening businesses, including restaurants and movie theaters. Am I selfish if I go, or am I selfish if I stay home?
‘I am torn between supporting our town and our nation’s economy, and ensuring that I don’t contribute to an increase in coronavirus infections.’.....»»
Why a Second Wave of Covid-19 Is Already a Worry
As authorities the world over consider when to lift economy-crippling movement restrictions aimed at curbing coronavirus infections.....»»
Dow ekes out gains on surging oil prices as investors look past grim jobs numbers
A disappointing report on Gilead‘s highly anticipated coronavirus treatment punctures rally......»»
More than 100,000 unemployment claims were filed in Kentucky last week
A grim report from the federal government Thursday morning revealed more than 100,000 Kentucky workers filed new unemployment claims last week, underscoring the economic devastation of the coronavirus shutdown on the state's economy. According to.....»»
Trump to announce "guidelines" on reopening U.S. economy Thursday
U.S. President Donald Trump said on Wednesday that data suggested the country had passed the peak on new coronavirus infections, and said he would announce "new guidelines" for reopening the economy at a news conference on Thursday......»»
Coronavirus live: UK economy could shrink by a third with 2 million more people unemployed
Reuters April 15: The UK coronavirus death toll continues to rise as the pandemic nears its peak. The country's dea.....»»
Fed officials see risks in reopening economy too soon, but acknowledge need to move
U.S. Federal Reserve officials have begun grappling with the complexities of how to simultaneously reopen the country's economy and protect against a resurgence of coronavirus infections, goals they've argued cannot be successfully separated......»»
Global economy in 2020 on track for sharpest downturn since 1930s: IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday......»»
Coronavirus "Great Lockdown" will shrink global economy by 3% in 2020: IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday......»»