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What the new $2.2 trillion stimulus bill means for unemployment benefits

Andrew Kelly/Reuters The Senate passed a $2.2 trillion stimulus bill Wednesday evening to bolster the US economy during the coronavirus pandemic. The bill now needs to pass in the House of Represen.....»»

Category: topSource: businessinsiderMar 26th, 2020

Trump has made it clear he wants to reopen the economy to boost his reelection chances, even if it means more Americans will die

REUTERS/Jonathan Ernst As the country strug.....»»

Category: topSource: businessinsiderMar 25th, 2020

Unemployment surge: Goldman estimates unprecedented layoffs

The coronavirus has halted much of the U.S. economy, and that means a surge in unemployment. The numbers we’re starting to see from analysts and... The post Unemployment surge: Goldman estimates unpreced.....»»

Category: blogSource: valuewalkMar 20th, 2020

Oil gains as governments pile on the economic stimulus

Oil prices rose on Friday as the world's richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia......»»

Category: topSource: reutersMar 20th, 2020

A cruel paradox: Beating virus means causing US recession

No one knows how long it will last or how much it will hurt. But the U.S. economy is either sliding into a recession for the first time since 2009 or is already in one......»»

Category: topSource: moneycentralMar 18th, 2020

A cruel paradox: Beating virus means causing US recession

No one knows how long it will last or how much it will hurt. But the U.S. economy is either sliding into a recession for the first time since 2009 or is already in one......»»

Category: topSource: moneycentralMar 18th, 2020

Crude nears end of worst week in a decade, hit by coronavirus and price war eruption

Oil prices were on track for their worst week since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

Here"s what coronavirus means for Nashville"s economy

Tennessee's first confirmed coronavirus case made the outbreak all that more real for Nashville. With the Williamson County diagnosis, locals are forced to feel the same worries and concerns other small business owners and hospitality employees feel.....»»

Category: topSource: bizjournalsMar 13th, 2020

Can Russia use Saudi price war to strike a fatal blow on US shale?

Armed with a $570bn foreign reserves war chest, a floating exchange rate and an economy tha.....»»

Category: topSource: bizjournalsMar 12th, 2020

Guest column: What the coronavirus means for Nashville"s economy

Tennessee’s first confirmed coronavirus cases have made the outbreak all that more real for Nashville. With the local cases, locals may feel the same worries and concerns other small-business owners and hospitality employees feel around the world......»»

Category: topSource: bizjournalsMar 11th, 2020

Mexico says seeking to mediate in Russia vs Saudi Arabia oil spat

Mexico is seeking to mediate the oil dispute between Russia and Saudi Arabia, its finance minister said on Tuesday, saying the conflict that has battered global oil prices has affected Latin America's second-largest economy......»»

Category: topSource: reutersMar 10th, 2020

Mexico seeks to mediate Russia, Saudi Arabia oil spat, minister says

Mexico is seeking to mediate in the oil row between Russia and Saudi Arabia, the finance minister said on Tuesday, saying the conflict that has battered global oil prices had affected Latin America's second largest economy......»»

Category: topSource: reutersMar 10th, 2020

The Oil Price War Is On; What That Means For Buyers Of Diesel

Oil markets are plummeting as the business week opens, and it's instructive to look at past Saudi-led price wars to see where prices may be heading.  read more.....»»

Category: blogSource: benzingaMar 9th, 2020

Coronavirus Has Now Spread To Healthy Corporations, Set To Affect The Global Economy

It's official: the Coronavirus has hit global supply chains. This means that the risk it is posing to companies is even more profound than initially expected. It is certain at this point that on a global level, supply chains will.....»»

Category: earningsSource: benzingaMar 5th, 2020

"An economic pandemic": The coronavirus is becoming a bigger threat to the U.S., economists say

The coronavirus's spread likely means the outbreak will have a bigger impact than expected on the US economy. Tourism, trade and m.....»»

Category: topSource: usatodayFeb 25th, 2020

Project Syndicate: Is a strong economy enough to re-elect Donald Trump?

The odds of an economic downturn in the this year remain low, which means that President Donald Trump’s prospects for re-election in November are strong. But he remains his own worst enemy, writes Michael Boskin......»»

Category: topSource: marketwatchFeb 21st, 2020

Capitol Report: The U.S. created 514,000 fewer jobs in 2018-19 than originally reported — here’s what that means

The U.S. economy created about a half-million fewer jobs in 2019 and 2018 than it first appeared, but it doesn’t mean the labor market isn’t strong. It is......»»

Category: topSource: marketwatchFeb 7th, 2020

Coronavirus means Hong Kong"s recession could deepen

Hong Kong's economy contracted 0.4 percent in the fourth quarter.....»»

Category: topSource: foxnewsFeb 3rd, 2020

Countdown to recession: What an inverted yield curve means

NEW YORK - A dramatic rally in Treasuries this week led some key parts of the U.S. yield curve to reinvert, a signal that has traditionally been bearish for the U.S. economy......»»

Category: topSource: reutersJan 28th, 2020

I flew both business class and economy on Saudi Arabia"s state-owned airline Saudia. Here"s what it was like.

Bill Bostock/Business Insider Earlier this month I got to fly business class from London to Riyadh on Saudi Arabia's government.....»»

Category: topSource: businessinsiderJan 25th, 2020