The coronavirus pandemic has created a new job: temperature taker
Managers at the massive Bell facilities in North Texas had a problem. As 5,000 employees building helicopters needed to stay on the job, the company — a division of Textron — had to take steps to keep workers safe. One...
Blowout jobs report shows ‘big hedge fund guys’ got it wrong and the market was right, says Cramer
Jim Cramer Scott Mlyn | CNBC Following a “superb” jobs report, Jim Cramer said hedge funds managers who made big bearish predictions about what the coronavirus pandemic would do to the market and economy were wrong. And the relentless higher...
May’s record jobs comeback: Here’s where the jobs are in one chart
The government’s May jobs report stunned Wall Street with the largest number of payrolls gained on record and a drop in the unemployment rate during a month when most expected grim comparisons to the Great Depression. The U.S. leisure and...
Unlike during past economic downturns, Americans have money in their pockets this time
Source: Chime An unusual phenomenon is occurring during the sharpest downturn in U.S. history: Americans have money in their pockets. Economic and banking data are revealing that Americans are earning and saving money during the coronavirus crisis, thanks to unprecedented...
Stocks making the biggest moves after hours: Slack, Gap, RH and more
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. Broadcom — Shares of the semiconductor company climbed 1% in extended trading after Broadcom...
The May unemployment rate is expected to be near 20% as millions more lost jobs
People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP...
U.S. productivity falls at 0.9% rate in first quarter
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, U.S., on Wednesday, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts...
Jobless claims, total unemployment level worse than expected
Filings for unemployment insurance claims totaled 1.877 million last week in a sign that the worst is over for the coronavirus-related jobs crisis but that the level of unemployment remains stubbornly high. Economists surveyed by Dow Jones had been looking...
Market’s make or break moment in one chart – Economic forecaster Lakshman Achuthan draws parallels to the opposing 2001 and 2009 recoveries
The last two recessions may help determine what’s next for the recent market rally. Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath. Achuthan builds his...
‘The Covid-19 recession is over,’ says economist Zandi as May job losses not as bad as feared
A waiter wearing a mask and gloves delivers food to a table to customers seated at an outdoor patio at a Mexican restaurant in Washington, DC, May 29, 2020. Saul Loeb | AFP | Getty Images Finding good news in...
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