Unemployment benefit applications surged to a record 3.3 million last week, vivid evidence of the coronavirus’s damage to the economy
The actual total was on the higher side and so could roil stocks, says Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. Markets had surged this week after plunging more than 30% from its all-time high in mid-February as the outbreak spread on hopes Congress will pass a $2 trillion relief package for American households and businesses. The Senate approved the measure late Wednesday.
The concern is that “layoffs are just starting,” says economist Kathy Bostjancic of Oxford Economics.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ford joins 3M, GE in speeding up ventilator, respirator productionCarmaker Ford Motor Co on Tuesday jumped into the emergency push by major U.S. m...
Leer más »
Ford joins GE, 3M in speeding up ventilator, respirator productionCarmaker Ford Motor Co on Tuesday jumped into the emergency push by major U.S. m...
Leer más »
Ford is working with 3M and GE to make respirators and ventilatorsFord announced Tuesday that it's working with 3M and GE Healthcare to produce medical equipment and protective gear for healthcare workers to help address shortages in the fight against the coronavirus.
Leer más »
Ford, 3M and GE team up to make ventilators and respirators, but process could take monthsOne industry executive likened the partnership to 'bringing in the cavalry.'
Leer más »
Ford Will Work With 3M And GE To Make Respirators And Ventilators To Address Shortages During Coronavirus PandemicFord announced today that it will be working with 3M and GE Healthcare to produce respirators, ventilators and face shields to address shortages in the treatment of coronavirus patients
Leer más »
U.S. braces for record surge in jobless claims amid coronavirus falloutU.S. braces for record surge in jobless claims amid coronavirus fallout Follow our live blog for the latest updates on coronavirus:
Leer más »