April 13, 2020
“A silver lining seems to be emerging finally for the market ravaged by the coronavirus crisis. The United States, which has been under partial or complete lockdown in some states, might finally lift the same in May if the current… 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…
April 8, 2020
“We don’t know yet which companies are going to get how much in federal bailout money and what the bailout terms will be. But it’s a sure bet that a ton of money will be earmarked for our nation’s four… Continue Reading…
April 3, 2020
“The rebate checks are part of the $2 trillion stimulus package President Donald Trump signed into law last week, intended to provide financial relief to Americans in the wake of the coronavirus pandemic. People can receive a rebate check up… Continue Reading…
April 2, 2020
“The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed over the past two weeks.… Continue Reading…
April 1, 2020
“Twenty-eight percent of those surveyed said they’d already “lost wages or other personal income.” Another 16 percent said they were laid off or furloughed from work, and an additional 28 percent said they lost what they considered a “substantial amount” from… Continue Reading…
March 31, 2020
“A sudden stop in the economy so severe, Goldman Sachs economists now forecast real GDP growth of negative 9% in the first quarter and down an astonishing 34% in the second. Economists at Goldman Sachs expect the economy to recover mid-year with… Continue Reading…
March 26, 2020
“Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus… Layoffs are sure to accelerate as the U.S. economy sinks into a… Continue Reading…
March 23, 2020
“Some 23 million jobs may be in immediate danger from the massive disruptions to the U.S. economy from the coronavirus epidemic. Americans who work in retail, airlines, travel agencies, restaurants, hotels and entertainment are the most vulnerable, according to a new… Continue Reading…
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