U.S. stocks ticked up Thursday as rising oil prices helped Wall Street shrug off another surge in Americans filing for unemployment benefits . At 2:36 p.m. A survey showed US business activity plumbed record lows in April, mirroring dire figures from Europe and Asia as strict stay-at-home orders crushed production, supply chains and consumer spending. [Full Article...]
The plant had been running at reduced production levels. Additionally, the company says all affected employees will continue to be compensated while the closure lasts. Waterloo Mayor Quentin Hart and scores of local officials had also called for a temporary shutdown, saying Tyson was putting its workforce in danger. [Full Article...]
There were 292,300 civilians who were out of work in March and more than 6 million employed, according to state data . "The risks to the outlook are that the economy is digging itself such a big deep hole that it will become harder and harder to climb back out of it". [Full Article...]
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in USA history were wiped out in about a month as the novel coronavirus savages the economy. [Full Article...]
Amid warnings that tackling the coronavirus pandemic could wreck developed and developing world economies for several years, Markit said the dive in activity in the United Kingdom and the eurozone was the worst since it started surveying businesses more than two decades ago. [Full Article...]
Economists at the Federal Reserve estimate that hotels and restaurants have shed the most jobs - 4 million since February 15. The President welcomed steps taken by a handful of Republican-led states to begin reopening their economies, despite warnings from health experts of a potential new surge in infections. [Full Article...]
The Costa Crociere-branded Costa Deliziosa is the last Carnival ship headed to harbor with passengers. The Centers for Disease Control and Prevention has banned future sailings on US-owned waters for the time being. The Pacific Princess has docked at Los Angeles while the Costa Deliziosa is heading to Genoa from Barcelona to complete final disembarkation. [Full Article...]
Kemp, the Georgia governor, announced this week that various non-essential businesses would reopen in the state over the coming days, prompting warnings from Democrats that the state had not yet met the federal recommendations for reopening the economy. [Full Article...]