The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’
A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Corbis via Getty Images The economic reports showed the double whammy of state shutdowns in mid-March on...
Fed Beige Book says economy contracted ‘sharply and abruptly’ due to coronavirus
Economic activity has showed a deep decline due to measures taken during the coronavirus scare, with leisure and hospitality as well as retail the hardest-hit so far, according to the Federal Reserve’s latest Beige Book report. The report released Wednesday...
Federal Reserve on coronavirus: Activity contracted sharply and abruptly
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World Bank president warns the global coronavirus recession will hurt poorer countries the most
The coronavirus pandemic may set back economic growth efforts in developing nations, World Bank President David Malpass told CNBC on Wednesday. Futher progress can be made on access to electricity, clean water and sanitation, Malpass said in a “Squawk on the Street”...
America’s ‘clean energy’ workforce projected to fall by 15% in months ahead
Will Lester | Inland Valley Daily Bulletin | Getty Images Over 106,000 people working in the U.S. “clean energy” sector lost their jobs in March as the industry struggled to soften the impact of the coronavirus pandemic, it was claimed...
Citigroup’s first-quarter profit tumbles 46% as bank sets aside more money for loan losses
Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters Citigroup reported Wednesday a sharp drop in its first-quarter profit as the bank built its loan-loss...
Stock futures flat as investors digest signs coronavirus pandemic is easing
Stock futures were flat in overnight trading following a big rally in the previous session fueled by optimism that the coronavirus outbreak is improving in the U.S. Dow futures fell, indicating a loss of 33 points at the open on...
US import prices post largest drop in over five years
A container ship is seen from the Verrazzano-Narrows Bridge as it leaves New York on November 3, 2019. Johannes Eisele | AFP | Getty Images U.S. import prices dropped by the most in more than five years in March amid...
Stocks making the biggest moves after hours: Roku, AMC, Tesla and more
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell. Roku...
Here is everything the Fed has done to save the economy
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on “Monetary Policy and the State of the Economy” in Washington, July 10, 2019. Erin Scott | Reuters On Thursday, April 9, the market learned that the...
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