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'The situation is about to get worse': Stocks slide as surging US unemployment and coronavirus cases stifle stimulus hopes

13 days ago   |   By Business Insider

Stocks fell on Friday as surging unemployment and novel coronavirus cases in the US overpowered hopes for a $2 trillion stimulus bill to mitigate the pandemic's fallout.
Initial jobless claims rocketed to almost 3.3 million last week - more than four times the previous weekly record.
The US passed 82,000 coronavirus cases on Thursday, overtaking China as the world leader in confirmed infections.
"The situation is about to get worse in the coming weeks," one analyst said.
Visit Business Insider's homepage for more stories .
Stocks slid on Friday as sharp increases in unemployment and novel...
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'The situation is about to get worse': Stocks slide as surging US unemployment and coronavirus cases stifle stimulus hopes

'The situation is about to get worse': Stocks slide as surging US unemployment and coronavirus cases stifle stimulus hopes

13 days ago   |   By Business Insider

Stocks fell on Friday as surging unemployment and novel coronavirus cases in the US overpowered hopes for a $2 trillion stimulus bill to mitigate the pandemic's fallout.
Initial jobless claims rocketed to almost 3.3 million last week - more than four times the previous weekly record.
The US passed 82,000 coronavirus cases on Thursday, overtaking China as the world leader in confirmed infections.
"The situation is about to get worse in the coming weeks," one analyst said.
Visit Business Insider's homepage for more stories .
Stocks slid on Friday as sharp increases in unemployment and novel...
Read more ...

 

Great Depression 2.0? US may be headed for HIGHEST UNEMPLOYMENT EVER

Great Depression 2.0? US may be headed for HIGHEST UNEMPLOYMENT EVER

13 days ago   |   By RT

The coronavirus pandemic will push the US jobless rate even higher than it was during the Great Depression if all the gloomy forecasts are true, Roger Farmer, an economist at the University of Warwick, believes.
Earlier this week, a US Federal Reserve official predicted that the outbreak will leave 30 percent of Americans jobless while the country's gross domestic product will fall by 50 percent. According to James Bullard, president of the St. Louis branch of the US Federal Reserve Bank, that could happen quite soon - in the second quarter of this year.
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US weekly unemployment claims jump by 6.6 million, bringing 3-week total to...

US weekly unemployment claims jump by 6.6 million, bringing 3-week total to more than 16 MILLION

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Republicans are worried Trump is hurting himself with rally-like...

Republicans are worried Trump is hurting himself with rally-like performances at coronavirus briefings and are urging him to step back

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Round 3: Facebook Live Events for Running Your Business During the COVID-19...

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FirstResponders First Partners with Marriott International to Provide Free...

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Fed rolls out $2.3 trillion plan to stabilize economy

Fed rolls out $2.3 trillion plan to stabilize economy

WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and... Read more ...

Doctors are asking states to use their lethal-injection drugs to treat...

Doctors are asking states to use their lethal-injection drugs to treat patients with COVID-19, instead

States that execute prisoners by lethal injection have a stockpile of drugs that, amid the pandemic, are now in short supply. "Your stockpile could save the lives of hundreds... Read more ...

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments. Data... Read more ...

How to check which version of Android you have on your device

How to check which version of Android you have on your device

To check which version of Android you have on the device in your possession, navigate to your phone or tablet's system settings. Knowing which version of Android you have can... Read more ...

China is relaxing its coronavirus lockdowns, but the rules are still more...

China is relaxing its coronavirus lockdowns, but the rules are still more restrictive than US cities under quarantine

China eased coronavirus travel restrictions in Wuhan this week, ending a 76-day quarantine, with a drop in the country's new daily cases signaling the lockdowns have helped... Read more ...

How to unmute posts on Instagram using the mobile app

How to unmute posts on Instagram using the mobile app

You can unmute posts on Instagram from going into the specific user's profile page. Once you've unmuted a user's posts, you'll see their content in your Instagram feed... Read more ...