A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.
The U.S. Postal Service on Friday said it lost $4.5 billion in the quarter ending in March, more than double its loss over the same period last year, and warned COVID-19 could severely hurt its finances over the next 18 months.
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc , the world's largest retailer, added more than 90,000 jobs.
The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
The coronavirus pandemic has made almost every facet of American life harder, and coming up with rent is high on that list. These resources can help.
The U.S. economy shed 20.5 million jobs in April, and the unemployment rate rose to 14.7%, a government report Friday showed.
"I think 2021 could be a boom year. With the liquidity that the Fed is adding, unprecedented. It could be a really good year," the Wharton School professor told CNBC on Friday.
J.C. Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter.
U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in friction between Washington and Beijing.
Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
As a startup, any intellectual property (IP) is a critical asset that should be protected. Here are a few things to consider when planning your IP strategy. Continue reading
U.S. stocks jumped at the open on Friday as an easing in U.S.-China friction added to optimism from data showing the U.S. economy lost fewer jobs in April than feared due to the coronavirus crisis.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
Siemens has secured a 3 billion euro ($3.25 billion) loan that will be transferred to the group's Energy unit, which is scheduled to be spun off at the end of September, Chief Executive Joe Kaeser told Bloomberg TV on Friday.