(Bloomberg) — U.S. loan applications for buying and refinancing homes plunged last week by the most since the global financial crisis, amid coronavirus shutdowns and related financial turmoil that pushed borrowing costs higher. The Mortgage […]
President Donald Trump has long pointed to the stock market’s success under his administration as a tangible endorsement of his economic policies and had often boasted about the Dow Jones Industrial Average’s gains since his […]
Senate Republicans and Democrats have yet to reach an overall deal on a massive economic rescue package in response to the coronavirus crisis — but the two sides are getting closer. And Senate GOP leaders […]
More than a fifth of Americans were under orders Saturday to stay home and public gathering places largely remained shuttered as US health officials issued stark warnings about the spread of the coronavirus. About 75 […]
The association representing Pennsylvania’s largest manufacturers is asking Gov. Tom Wolf to revise his order directing all but “life-sustaining” businesses to shut down, saying it is blocking essential supply chains from providing products to stem […]
Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture. That number reflected a significant rise from last week’s 211,000, which […]
McDonald’s is working to prevent the passage of a coronavirus relief bill that would require restaurants across the US — 95% which are owned by franchisees — to give workers two weeks of paid sick […]
The stomach-turning ride on global financial markets took a dramatic turn Monday, with U.S. stocks plunging the most since 1987 after President Donald Trump warned the economic disruption from the virus could last into summer. […]
(Bloomberg) — Coronavirus-induced market mayhem has pushed so much liquidity out of U.S. Treasuries that the true value of more than $50 trillion in assets around the globe is in doubt. Yields in the world’s […]
(Bloomberg) — Saudi Arabia plans to increase oil output next month, looking to boost it well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with […]
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