This is the critical link to successfully reopening the US economy
US President Donald Trump participates in a meeting with Supply Chain Distributors to discuss the response to COVID-19 at the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images The successful relaunch of...
Industrial production plunges unprecedented 11.2% in April
American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by the coronavirus pandemic. The Federal Reserve said Friday that its industrial production index tumbled a record 11.2% in April. Manufacturing output also...
Retail sales plunge a record 16.4% in April, far worse than predicted
Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%...
Treasury yields fall after retail spending drops the most on record amid pandemic
U.S. government debt yields moved lower Friday as investors digested more somber economic data. The yield on the benchmark 10-year Treasury note fell 2 basis points to 0.595% while the yield on the 30-year Treasury bond also declined 4 basis...
Stocks making the biggest moves in the premarket: Qualcomm, Cisco, Apple, Boeing & more
Take a look at some of the biggest movers in the premarket: Qualcomm (QCOM), Cisco (CSCO), Apple (AAPL), Boeing (BA) – Reports out of China suggest that retaliation against these and other U.S. companies could come if the U.S. goes...
Want a fast economic recovery? Invest in tests, Fed’s Kaplan says
Robert Kaplan, president and CEO of the Federal Reserve Bank of Dallas. Mary Catherine Wellons | CNBC Even with tens of millions of jobs lost and a historic decline in output projected this quarter, the U.S. economy could still pull...
Stocks making the biggest moves after hours: Aurora Cannabis, Dillard’s, Applied Materials and more
An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018. Jason Franson | Bloomberg | Getty Images Check out the companies making headlines after the bell. Applied Materials —...
Weekly jobless claims total 2.981 million, bringing coronavirus tally to 36.5 million
New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new...
Stocks making the biggest moves in the premarket: 3M, Cisco, SmileDirectClub, Starbucks & more
Take a look at some of the biggest movers in the premarket: Norwegian Cruise Line (NCLH) – Norwegian reported a first-quarter loss of 99 cents per share, wider than the 50 cents a share loss that analysts had projected. Revenue...
The jobs recovery could be choppy, with some coming back quickly and others lost forever
A worker wears a mask at the Boeing Renton Factory, where 737 MAX airliners are manufactured, as commercial airplane production resumes following a suspension of operations last month in response to the coronavirus pandemic as efforts continue to help slow...
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