US GDP Fell at 5.0% Rate in Q1; Worse Is Likely on the Way
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.
Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen.
Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection.
The agrochemical giant Monsanto has agreed to pay Washington state $95 million to settle a lawsuit that blamed it for pervasive pollution from PCBs — toxic industrial chemicals that have accumulated in plants, fish and people around the globe for decades.
U.S. regulators are requiring inspections and possible repairs to engine coverings of all Boeing 737 Max jets.
Google is tweaking its privacy settings to keep less data on new users by default.
Airlines, hotels, retail shops and restaurants have begun to reopen in parts of the country hardest hit by the pandemic, and there are signs of life in the housing market again.
Italian officials have voiced outrage over an online advertisement by budget airline easyJet describing the southern Italian region of Calabria as lacking tourists because of its history of mafia and earthquakes.
Experts who advise the German government say the economy won’t completely bounce back to pre-virus levels until 2022 after a sharp plunge of 6.5% this year.
Amazon said Tuesday that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment.