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Thursday’s Stock Market Open: US Equities Fall On Rising Covid-19 Cases, Stubbornly High Initial Jobless Claims

U.S. stocks dropped on Thursday as cases of covid-19 spiked in some states.

Coronavirus Economy: More Than 30 Million Americans Are Collecting Unemployment Benefits

Hundreds of unemployed people wait outside the Kentucky Career Center in Frankfort, Kentucky for help with their unemployment claims

The number of initial claims filed last week were higher than economists had anticipated.

How The Covid-19 Pandemic Has Devastated New York City’s Immigrant Communities

Workers unload a truck of Pepsi products in New York

Nearly half of the city's immigrants are unemployed.

US President Donald Trump (R) with Treasury Secretary Steven Mnuchin, who said: Americans need "cash now"

Stimulus Check News: Trump Promises Second Round As Part Of 'Generous' Financial Relief Package

President Trump claimed the next stimulus package would be a bipartisan effort “over the next couple of weeks.”

More news

Virus-fighting Bank Of England Pumps Out Extra ?100bn Stimulus

Virus-fighting Bank of England pumps out extra ?100bn stimulus

A closed sign is posted outside a Department of Homeland Security building and US Citizenship and Immigration Services field office after an employee was tested for the novel coronavirus in Tukwila, Washington

Coronavirus Economy: 1.5 Million Americans File For Initial Unemployment Claims

Initial jobless claims have not dipped below 1 million since mid-March when the economy shut down because of the coronavirus.

Scott Morrison said the country was "working with some of the biggest economic challenges" it has ever faced

Australian Unemployment Hits Two-decade High

Australian unemployment hits two-decade high

UK Payrolls Dropped By 600,000 During March-May, But Jobless Picture Muddled By Wage Subsidy Scheme

Nearly 3 million Britons have filed for unemployment benefits

Japan is suffering its first recession since 2015

Bank Of Japan Boosts Aid For Coronavirus-hit Firms

Bank of Japan boosts aid for coronavirus-hit firms

Global stock markets capitulated on what has become known as "Black Monday", with the Dow on Wall Street plunging more than 2,000 points

US Stock Futures Slide, Point To Monday Opening Losses Amid Fears Of Coronavirus Second Wave

Futures declined on the rising number of coronavirus cases and hospitalizations in states that had reopened and commenced commercial activity earlier than the others.

White House economic adviser Larry Kudlow defends an expeditious reopening of the US economy

Trump's Top Economic Adviser Calls For $600 Unemployment Checks To End In July, Says US Already In 'Recovery Stage'

Larry Kudlow has stated that additional payments being made to people left unemployed during the coronavirus pandemic will end in July.

US consumers expect the economy to get better, but don't expect things to get back to normal for a long time

US Consumer Sentiment Jumps More Than Expected In June: Survey

US consumer sentiment jumps more than expected in June: survey

Fear of the new illness is palpable among many small business owners in Margate, whose sandy beaches are a favourite sunny weather retreat for Londoners

Coronavirus Economy: Britain’s GDP Tanked By 20% In April As Lockdown Paralyzed Almost All Sectors

U.K. gross domestic product fell by 10.4% from February to April

Thursday’s Stock Market Close: US Equities Crater, Dow Plunges 1,860 Points in Worst Session Since March

U.S. stocks plummeted on Thursday as another 1.54 million people filed for unemployment claims

The iconic fish market in Washington, DC reopens, as workers nationwide return to their jobs amid the pandemic

Massive US Layoffs Continue Even As Businesses Reopen

Massive US layoffs continue even as businesses reopen

Thursday’s Stock Market Open: US Equities Plunge On Fears Of New Covid-19 Outbreak, Another 1.54M File Jobless Claims

U.S. stocks fell on Thursday as another 1.54 million people filed for unemployment claims

A 'help wanted' sign in the window of Add Accessories in New York City

Are More Americans Finding Jobs? Initial Unemployment Claims Fall For 10th Week But Remain High

Some 1.5 million Americans filed initial unemployment claims last week, bringing to 42 million the number who have done so since mid-March when the coronavirus forced the economy to shut down.

Federal Reserve Chair Jerome Powell said that "there is no place at the Federal Reserve for racism, and there should be no place for it in our society"

Spike In Black Unemployment 'Heartbreaking': Fed's Powell

Spike in black unemployment 'heartbreaking': Fed's Powell

Coronavirus Economy: Hispanic Women Among The Hardest Hit By Job Losses

Hispanic unemployment has surged since February

OECD Secretary-General Jose Angel Gurria (pictured October 1, 2019) said that "failure to reach greement by 2020" could have significant negative consequences on the global economy

Global Economy Facing Deep Recession, Long Painful Recovery: OECD

OECD provided outlooks for two different scenarios, one included a second outbreak of virus

Wednesday’s Stock Market Open: US Equities Drifting Ahead Of FOMC Statement, Nasdaq Above 10,000

U.S. stocks opened on Wednesday as OECD warned of severe global recession.

The stimulus pacakge aims to pep up Japan's recession-hit economy

Japan MPs Pass Record Coronavirus Budget

Japan MPs pass record coronavirus budget

A woman wearing a face mask passes by a show window with masked mannequins in Mulhouse, eastern France

France’s Economy May Shrink 10%, Shed 1 Million Jobs This Year: Central Bank

The unemployment rate is expected to reach 11.8% by mid-2021

More than 42 million people have been laid off since the coronavirus lockdowns began in the United States, and the May unemployment rate is set to rise even further

Layoffs 2020: Women Hit Hardest By Coronavirus Job Losses, Dubbed 'She-cession'

The terrible impact of the COVID-19 pandemic wiped out nearly all of the gains women have made over the last decade: Nicole Mason, IWPR president and CEO.

The US economy shrunk by 4.8 percent in the first quarter, even though lockdowns to stop the coronavirus were implemented only in the last two weeks

Coronavirus Economy: US Recession Began In February, Ending Longest Expansion In History

The beginning of the recession effectively ended the 128-month expansion, the longest in history.

Pope Francis said the worst of the coronavirus crisis was over in Italy as he addressed the faithful for the first time in Saint Peter's Square

Battered By Covid-19, Italy’s Economy May Shrink By 8.3% This Year

Italy is one of the countries hardest hit by the pandemic

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