Unemployment has remained elevated amid the coronavirus pandemic, for the fifth week in a row dwarfing the worst week of job losses seen during the Great Recession. US weekly jobless claims were 4.4 million for […]
(Bloomberg) — Orbiting hundreds of miles above the Earth, the Sentinel-1 satellites are the eyes in the sky that show why U.S. oil prices dropped below zero and why much of the world is likely […]
(Bloomberg) — Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce — more than 50% above the existing price record — in a report titled “The Fed can’t print gold.” The […]
A Minnesota business owner lashed out at the government’s mandated coronavirus stay-at-home order, saying that the measures will cost him his life savings and his business. “I’m here because unless the governor lifts the stay-at-home […]
(Reuters) – Saudi Arabia is set to sell about 600,000 barrels of crude per day to the United States in April, which will be the highest volume in a year, Bloomberg reported bloom.bg/34S9rZy on Friday, […]
The world economy’s ability to recover from the coronavirus may ultimately depend on how soon businesses can repair damaged and broken supply chains. Here’s what they’re up against. In the costs to move goods in […]
Roughly 22 million Americans have lost their jobs amid the coronavirus shutdown over the past four weeks — a figure that roughly equals the cumulative workforce of 23 states, as noted by the New York […]
(Bloomberg) — Just days after OPEC and its allies announced their big deal to rescue the global oil industry, it’s becoming brutally clear that all they’ve done is limit the worst of the damage. The […]
Data: U.S. Bureau of Labor Statistics via FRED; Chart: Andrew Witherspoon/Axios Another 6.6 million Americans filed for unemployment last week, the Labor Department announced Thursday. Why it matters: It adds to the staggering 10 million […]
(Bloomberg) — The evidence is mounting that March marked the start of a deep global recession. The breadth of the collapse is beginning to appear in the initial trickle of economic data across the world, […]
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