June 5, 2020
“The Dow advanced more than 2% shortly after market open, adding more than 700 points. The 30-stock index hit its highest level since March 4. The S&P 500 also rose more than 2% and hit its highest level since February… Continue Reading…
June 2, 2020
“Pfizer Inc <PFE.N> said on Tuesday it will invest up to $500 million into publicly traded drug developers to fund their treatment candidates and provide access to the U.S. drugmaker’s scientific expertise. Pfizer said it will make non-controlling investments in… Continue Reading…
May 25, 2020
“Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet. More than 4.1 million homeowners are in forbearance plans now, according to the latest data from… Continue Reading…
May 21, 2020
“First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. Economists surveyed by Dow Jones had been looking for 2.4 million claims. The seasonally adjusted… Continue Reading…
May 14, 2020
“New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new… Continue Reading…
May 11, 2020
“The nation’s labor force participation rate reached a 47-year low of 60.2 percent in April, according to the Bureau of Labor Statistics, as the number of people not in the labor force jumped by 6,570,000 to a record 103,415,000. The participation rate… Continue Reading…
May 6, 2020
“Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. In all, the decline totaled 20,236,000 — easily… Continue Reading…
April 30, 2020
“First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday. Economists surveyed by Dow Jones had been looking… Continue Reading…
April 16, 2020
“It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years. The coronavirus and the forced closure of business throughout the country again fueled the number of Americans applying… Continue Reading…
April 9, 2020
“The number of Americans seeking unemployment benefits swelled to 6.6 million last week… Claims between the period of March 28 and April 4 neared the previous week’s record of 6.87 million, according to the weekly jobless claims report from the Labor Department published… Continue Reading…
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