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 […]
(Bloomberg) — Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared toward $1,700 an ounce amid a flight to haven […]
The Goodman family has been milking cows in Wisconsin since 1889. Jim Goodman is the last of his line. The 66-year-old farmer has sold his herd and the land where they grazed. His children have […]
At Wednesday night’s Democratic primary debate, as Michael Bloomberg took a bludgeoning for the mistreatment of women at the company that made him a billionaire, the former New York City mayor mounted this defense of […]
(Bloomberg) — U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting […]
During his State of the Union address last week, President Donald Trump repeatedly invoked the specter of socialism—it “destroys nations,” he warned. But by the end of the week, one of the highest-ranking officials in […]
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