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Economy

Reuters | Equities.com |

A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad and swift turnaround from growth that had been well above trend just weeks before. The drop crossed sectors, and in a single month pushed the Chicago Fed's National Activity Index near the bottom it hit ov...


Reuters | Equities.com |

WASHINGTON (Reuters) - A gauge of future U.S. economic activity suffered a record decline in March, suggesting the economy could struggle to pull out of a deep slump caused by the novel coronavirus outbreak.The Conference Board said its index of leading economic indicators (LEI) tumbled 6.7% last month, the largest decrease in the series’ 60-year history. Data for February was revised down to show the index falling 0.2% instead of gaining 0.1% as previously reported. Economists polled by Reute...


Reuters | Equities.com |

WASHINGTON (Reuters) - Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak. The Labor Department on Thursday said 5.245 million new unemployment claims were filed last week, down fr...


Reuters | Equities.com |

U.S. manufacturing output dropped by the most since 1946 in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment contracted further in the first quarter.


Reuters | Equities.com |

The coronovirus and mandatory business closures drove retail sales down 8.7%, the biggest decline since the government began tracking the series in 1992.


Reuters | Equities.com |

Three states on the West Coast, led by California Governor Gavin Newsom, and seven on the East Coast, led by New York Governor Andrew Cuomo, will develop coordinated regional plans.


Reuters | Equities.com |

It will be the steepest downturn since the Great Depression.


Reuters | Equities.com |

Defying legal experts as well as the 10th amendment of the Constitution, Trump says it's his decision "for many good reasons."


World Economic Forum | Equities.com |

To prevent an economic collapse, governments will need to take on large and unprecedented roles in securing business continuity and jobs.


Reuters | Equities.com |

“This is an example of us working together for the best of our nations.”