Tag Archives: report

Wall Street rallied hard Friday morning in response to May’s stunning jobs report. The Labor Department data shows that employment went up by 2.5 million in May. That brings us to an unemployment rate of 13.3%. That is significantly better than the 19.5% rate predicted by economists and the 14.7% …

Some key Senate Republicans are throwing their support behind a bipartisan House bill that would give small businesses more time to use Paycheck Protection Program loans and let borrowers spend less of their loan proceeds on payroll, but other GOP senators have concerns about the measure, potentially preventing swift action …

President Donald Trump could suffer a historic defeat in the fall if the economy doesn’t sharply recover from the coronavirus pandemic and the disease lingers, according to a model that has predicted the winner of the popular vote in 16 of the past 18 elections. Oxford Economics predicts Trump would …

The fun stuff is getting more expensive during the pandemic. Yes, U.K. consumer price index growth slowed to 0.8% in April from 1.5% in March, which was a slight bit weaker than the 0.9% growth rise in a FactSet-compiled economist poll. A drop in fuel prices had the biggest impact. …

The House of Representatives, for the first time in its 231-year history, is allowing its members to vote without being physically present on the floor, a move Republicans say is unneeded. The Democratic-run House on Friday evening approved a resolution temporarily changing its rules to allow designated members to cast …

U.S. stock-index futures on Wednesday were seeing lackluster early action in thin trade as investors braced for an update on private-sector employment from ADP for April and react to corporate quarterly updates from some of the nation’s largest companies, which are mostly swooning from the effects of the COVID-19 pandemic. …

The record surge in suddenly unemployed Americans likely grew by another 4 million last week to push the total to 25 million or more since the coronavirus pandemic shut down large parts of the U.S. economy a month and a half ago. Initial jobless claims in the seven days running …

University of Chicago Medicine researchers said they saw “rapid recoveries” in 125 COVID-19 patients taking Gilead Sciences Inc.’s experimental drug remdesivir as part of a clinical trial, according to a Thursday afternoon report. Shares of Gilead Sciences Inc. GILD, +2.55% jumped 12.7% in after-hours trading on Thursday following the publication …

Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus outbreak took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially. Nearly 17 million people have already filed new jobless claims …