GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge
A worker assembles an X model at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019....
Visa sees a pickup in consumer spending in May
Chase Visa Tap to Pay Source: JP Morgan Chase Visa’s total U.S. payments volume fell at a much...
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG’s Julian Emanuel warns
BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into...
Stocks making the biggest moves midday: Pfizer, Chipotle, Gap, Target, Delta, Carnival & more
A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange,...
U.S. manufacturing activity pulls off 11-year low
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of...
In a post-coronavirus world, China looks set to grow while the rest of the world contracts
In the face of a global recession, China looks set to be one of the few countries that...
Expanded unemployment benefits could bump people from welfare, other assistance
Enhanced unemployment benefits could push jobless Americans off safety net programs like Medicaid, food stamps and welfare, or...
House bill gives small businesses more time to use PPP loans and lets them spend less on payroll
Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government...
Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi
Women losing jobs at a higher rater than men isn’t just an inequality problem — it’s an economic...
U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending
The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits....
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