A Dana assembly technician wears a face mask while assembling axles for automakers, as the auto industry begins to reopen amid the outbreak of coronavirus disease (COVID-19), at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters The US economy USA It contracted at a rate …
Read More »Bank stocks pull back higher as regulators ease Volcker rule, JPMorgan Chase rises 2%
US banking regulators USA They are about to ease the restrictions created after the financial crisis, a fact that triggered a surge in bank stocks on Thursday. Officials with the Federal Deposit Insurance Commission said in a call that they are loosening the restrictions of the so-called Volcker Rule, allowing …
Read More »Dow futures drop 200, jobless claims rise, travel stocks sink
The New York Stock Exchange (NYSE) is located in Lower Manhattan on May 18, 2020 in New York City. Markets increased today as promising details of a possible COVID-19 vaccine were released and more European countries were gradually reopened after months of closure. Spencer Platt | fake pictures This is …
Read More »Weekly unemployment claims in the United States total 1.48 million, compared to an estimated 1.35 million
Unemployment claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those who received benefits fell below 20 million for the first time in two months. Economists surveyed by Dow Jones expected 1.35 million claims. While the weekly figures remained high and were …
Read More »Biden leads Trump in all matters except economy, according to CNBC All-America poll
Democratic presidential candidate and former Vice President Joe Biden listens as he meets with local residents at Carlette’s Hideaway sports bar during a campaign stop in Yeadon, Pennsylvania, the United States, on June 17, 2020. Jonathan Ernst | Reuters Vice President Joe Biden jumped to a 9-point lead over President …
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