2020 got off to a decent start in January and February, but shutdowns in the second half of March had an immediate negative impact.
On airplanes, it's hard enough to keep from bumping knees with the person in the next seat — let alone follow social-distancing guidelines.
Small businesses accounted for the private-sector job cuts, shedding 90,000 payrolls through the month ended March 12, according to ADP.
"The coronavirus pandemic and shocks in global energy markets have impacted all manufacturing sectors," said Timothy Fiore, the chair of ISM.
Wells Fargo has the capacity to lend an additional $384 billion to consumers and businesses, but it can't due to the asset cap imposed by the Fed.
The Australian company that operates traffic enforcement for 90 US cities warned this week its business will be hurt by the driving slowdown.
Funds for the Paycheck Protection Program and Economic Injury Disaster Loans could begin paying out this week to help employers maintain payroll.
Tech giants usually go shopping in economic downturns. Here are 15 possible mergers featuring Google, Facebook and Microsoft, according to experts.
"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.
At this time, we stand by our forecast for a minimum 50% to 61.8% correction of the entire rally from 2009 to 2020. Thats the value area that will start bringing in the real buyers and not just the reactionary buyers.
From the best times to shop to the most underrated items to buy, here's how to make the most of a Costco run during the pandemic.
"There's absolutely no assurance that an oversold market will not become decidedly more oversold," says John Hussman.
Switzerland's death toll from the new coronavirus has increased to 235 people from 197 on Friday, the health ministry said on Saturday, with the number of cases also increasing to 13,213 from 12,161. The Alpine country of
Google pledged $250 million in ad grants to help spread information, $200 million into a fund, and $20 million as Cloud credits for researchers.
You can submit a request to defer your personal and business Bank of America credit card payments online.
The British Pound may face liquidation pressure ahead of the BoE rate decision at the same time that traders may be scrambling to the haven-linked USD after jobless claim data is released.
The turmoil in the mortgage market is bringing echoes of the 2008 financial crisis, when credit markets froze in the face of plunging values on mortgage securities.
The move comes as a relief to some sellers who borrowed money from Amazon's lending program, as their sales have taken a hit in recent months following COVID-19.
The International Monetary Fund said on Wednesday its board had approved a four-year, $1.3 billion loan program for Jordan, signaling confidence in the country's reform agenda at a time it was taking measures to cushion its econ
"Companies with strong balance sheets will weather the storm, while companies with significant leverage may reach distress," analysts wrote.
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