The number of Americans filing new claims for unemployment benefits last week totaled 1,434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to devastate the U.S. economy. It was the nineteenth consecutive week in which initial claims totaled at least 1 million …
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Yum Brands reported Thursday that global sales at the same store fell 15% in the fiscal second quarter, led by falling sales at the KFC brand, but the company said sales began to stabilize at its open locations. Store closings peaked in early April, CEO David Gibbs said in a …
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The numbers: A coronavirus battered economy slowed to a record 32.9% per year in the second quarter, underscoring how big the hole the United States is in to recover from the deepest recession in US history. The wave of damage caused by the first global pandemic in a century was …
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The US economy experienced the largest decline in activity it has ever seen in the second quarter, although it was not as bad as feared. Gross domestic product from April to June fell 32.9%, according to the Commerce Department’s first reading of data released Thursday. Economists surveyed by Dow Jones …
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The Bureau of Economic Analysis will report how bad the second quarter was on Thursday, in its first estimate of gross domestic product, the economy’s most comprehensive measure. Economists surveyed by Refinitiv expect an annualized decrease of 34.1% between April and June. That would be the worst contraction since the …
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