May 15, 2020
“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%… Continue Reading…
May 15, 2020
“U.S. factory production plummeted in April by the most in records back to 1919 as coronavirus-related shutdowns exacted a bigger toll on the economy. Output slumped 13.7% from the prior month after a revised 5.5% decrease in March, Federal Reserve… Continue Reading…
April 30, 2020
“…The Dow Jones Industrial Average traded 134 points, or 0.5%. The S&P 500 slid 0.4%. The Nasdaq Composite rose marginally. Earlier in the session, the Dow dropped more than 300 points. A 3.8% jump in Boeing shares helped the Dow claw back some of its earlier… Continue Reading…
April 29, 2020
“General Electric posted bigger-than-expected drops in earnings and revenue for the first quarter, as the coronavirus hit to global commercial air travel stung key businesses. GE stock fell as cash burn was also slightly worse than the industrial giant forecast.… Continue Reading…
April 23, 2020
“The eurozone economy is suffering an “unprecedented” collapse according to a PMI index released Thursday by analysis firm IHS Markit… Manufacturing also saw a record fall however, because of staff and material shortages and severe supply chain disruptions. Employment plummeted… Continue Reading…
April 14, 2020
“JPMorgan Chase & Co.’s first-quarter profit tumbled 69% and the bank set aside an additional $6.8 billion to cover potential losses on loans to consumers and businesses struggling to stay afloat during the coronavirus shutdown…” https://www.wsj.com/articles/jpmorgan-chase-reports-profit-falls-69-amid-u-s-coronavirus-outbreak-11586862723
April 13, 2020
“Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop in revenue…” https://www.cnbc.com/2020/04/13/ford-shares-fall-on-first-quarter-revenue-warning.html
April 3, 2020
“Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close… Continue Reading…
April 1, 2020
“Indeed, it has been punishing for investors, as the market went into a coronavirus-sparked free fall that has the 124-year-old Dow Jones Industrial Average registering its worst quarterly loss since the fourth quarter of 1987. The three-month skid represented the… Continue Reading…
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