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Economic News

Thu, Apr 9th, 2020
The Latest: China reports 42 new cases of coronavirus

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more...

Unemployment spikes again; last Utah national park closes

SALT LAKE CITY (AP) — More than 33,000 new Utah residents filed for unemployment last week in yet another increase that illustrates the stunning collapse of the global economy as businesses across industries...

Wall Street caps best week since 1974 on latest Fed stunner

NEW YORK (AP) — Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.

How major US stock indexes fared Thursday

Stocks closed broadly higher on Wall Street Thursday, rounding out the best week for the benchmark S&P 500 index since 1974.

US gig workers and self-employed face delays in jobless aid

WASHINGTON (AP) — After Rich Cruse saw about $3,000 in income for his photography business quickly disappear to the coronavirus, he tried to apply for unemployment benefits in California. But like many...

UBER : 27.11 (+0.63%)
Panic grocery buying slows; iPhone sales plummeted in March

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the...

AFLYY : 5.9500 (+0.85%)
A new $2.3 trillion Fed plan to aid localities and companies

WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus.

Pandemic has set the number of air travelers back decades

The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading the new coronavirus.

UAL : 31.50 (+14.50%)
Wiped out of toilet paper? Here's why

What does toilet paper have to do with the global coronavirus pandemic?

KMB : 131.49 (-0.87%)
Germany flies in seasonal farm workers amid virus measures

BERLIN (AP) — Two planes carrying Eastern European farmhands arrived Thursday in Germany as an ambitious government program to import thousands of seasonal agricultural workers got underway amid strict...

Wholesale prices fall 0.2% in March

WASHINGTON (AP) — Wholesale prices fell for a second consecutive month, led by a big drop in energy prices.

US long-term mortgage rates flat to lower; 30-year at 3.33%

WASHINGTON (AP) — U.S. long-term mortgage rates were stable to slightly lower this week after two weeks of declines amid deepening anxiety over the severe damage to the economy from the coronavirus pandemic....

US economy unlikely to recover as rapidly as it collapsed

BALTIMORE (AP) — President Donald Trump has been telling voters that the U.S. economy will leap back to life stronger than ever after its bout with .

Virus casts a dark cloud over once-thriving home market

BOSTON (AP) — When Rebeka McBride and her husband put their home in Washington state on the market in early March, the coronavirus outbreak was just taking hold in the United States. They managed to...

Record 16.8 million have sought US jobless aid since virus

WASHINGTON (AP) — With a seeking unemployment benefits last week, the United States has reached a grim landmark: More than one in 10 workers have lost their jobs in just the past three weeks to the...

UBER : 27.11 (+0.63%)
LYFT : 30.33 (+2.33%)
What you need to know today about the virus outbreak

With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark:

10% of US labor force now out of work since virus slammed economy as 6.6 million file for jobless aid

WASHINGTON (AP) — 10% of US labor force now out of work since virus slammed economy as 6.6 million file for jobless aid.

Half billion more people face poverty due to virus - report

LONDON (AP) — Around half a billion people could be pushed into poverty as a result of the economic fallout from the coronavirus pandemic unless richer countries take “urgent action” to help developing...

Jobless claims report Thursday could hit 7 million or higher

WASHINGTON (AP) — The government is set to report another shocking level of unemployment claims Thursday even after nearly applied for benefits in the previous two weeks because of business shutdowns...

The Latest: South Korea expects positive economic growth

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more...

GS : 184.26 (+4.13%)
AC.TO : 20.08 (+7.15%)

Chart of the Day

Qualys Inc (QLYS)

The Barchart Chart of the Day belongs to the software security company Qualys (QLYS). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart functi...
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