Jennifer Haynes, a self-employed chef living in Rancho Cucamonga, California, is caught in the middle of two opposing forces: childcare duties and meager unemployment benefits. Her story is emblematic of single mothers across the U.S. during Covid-19.
Schlagwort-Archiv: CNBC
U.S. is still in a ‚very significant recession‘ despite job gains, Fed’s Rosengren says
We have a long way to go before we are fully recovered, but I will say this employment report was a very positive one,“ Boston Fed President Eric Rosengren told CNBC’s Steve Liesman during an interview on „The Exchange.“
Powell says low interest rates could last for years
Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.
Stocks making the biggest moves midday: Tesla, Wayfair, Moderna & more
Check out the companies making headlines in midday trading.
Trader Talk: What’s next for markets?
The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.
China’s yuan could become the world’s third largest reserve currency in 10 years, Morgan Stanley predicts
Morgan Stanley analysts predict the Chinese yuan will account for between 5% to 10% of global foreign exchange reserve assets by 2030, putting the currency into third place.
Trader Talk: What’s next for markets?
The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.
Stocks making the biggest moves in the premarket: DocuSign, Broadcom, Tesla, Grubhub & more
The stocks making the biggest moves in premarket trading include DocuSign, Broadcom, Tesla, Grubhub, and more.
Stocks struggle as tech losses continue, Nasdaq falls nearly 2%
The S&P 500 opened flat on Friday as Wall Street tried to recover some of its steep losses from the previous session after the of better-than-expected U.S. unemployment data.
Chinese banks‘ profits will weaken even more in the second half of 2020, says Fitch Ratings
China’s authorities aim to dispose 3.4 trillion yuan ($497 billion) worth of bad loans from the banking sector this year — only one-third of that have been written off, said Fitch.