US Economy Shrank at 5% Annual Rate in Q1
The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.
The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.
U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy.
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts, with several thousand more jobs expected to be cut over the next few months as the aircraft deals with a downturn in travel caused by the coronavirus pandemic.
Officials from SeaWorld and Disney World say they hope to open their theme parks in Orlando, Florida, in June and July.
Stock indexes closed broadly higher on Wall Street Wednesday, as hopes for a coming economic revival turn the market’s leaderboard upside down.
Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer.
U.S. home prices accelerated in March even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes.
The auto alliance of Nissan and Renault will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
U.S. consumer confidence inched up this month, showing signs of stabilizing, but remains near a six-year low in the face of the widespread business shutdowns that have sent the economy into recession.
States and businesses are beginning to open with conflicting reports about the danger of doing so coming from the World Health Organization and political leaders.