Economy

Does US Have to Brace for a Loss of a Million Jobs?

So far, the coronavirus has not caused mass layoffs in any U.S. industries. However, if the virus spreads rapidly, some industries will almost have to curtail activity. The civilian labor ...
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Record-Low Treasury Yields: Coronavirus vs. Rate Cuts and Inverted Yield Curves

The longstanding generalization is that bond traders know more about the economy than stock traders do. That is something that can be debated, of course. Another generalization is that an ...
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Lessons of Doomsday Preppers for the COVID-19 Coronavirus Scare

The outbreak of the COVID-19 novel coronavirus has now expanded well beyond China and has reached much higher numbers than global health watchers would have hoped for. With more cases ...
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Consumer Sentiment Slides as Worries Mount Over Coronavirus

The Morning Consult index of consumer sentiment fell slightly, dipping from 115.3 to 114.8 in the week ending February 23. That keeps the index near record highs. The index is ...
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Coronavirus and the ‘Working From Home’ Economy

The coronavirus currently spreading from country to country has caused extreme concern in nations where the number of cases is growing. So far, the United States has been spared, although ...
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One-Third of Americans Question How 2020 Census Data Will Be Used, Shared

Americans' trust in the federal government fell to just 25% in a 2019 survey conducted by Pew Research. A new survey conducted by the Urban Institute found that nearly a ...
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Higher Wages Are Spread Unequally Among US Workers: EPI

In only 10 of the past 40 years have U.S. workers achieved positive wage growth. Half of those gains have come in the five-year period between 2014 and 2019 when ...
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How Global GDP Is Still Escaping Recession in the Covid-19 Outbreak

Investors, economists and the public all have two things in common at this point: finding out how to avoid the coronavirus and trying to figure out how and when the ...
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Dear America: Stop Wasting Unused Gift Cards and Credit Card Rewards!

The world of personal finance can sometimes feel nothing short of a mystical monetary jungle. There are many ways to get lost and predators are just waiting to pounce on ...
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WTO Flashes Warning About Global Economy

The World Trade Organization (WTO) warned that the economy, based on world merchandise trade slowed toward the end of last year. Its researchers warned that the outbreak of COVID-19 are ...
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Japan GDP Drops 6.3%, Raises Specter Of Global Recession

The Japan Cabinet Office released GDP numbers for the fourth quarter of 2019. They were more than dismal. GDP dropped a breathtaking 6.3%. Combined with a blow to China's economy, ...
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US Consumer Sentiment Remains Strong, but Sources of Uncertainty Are ‘Stirring’

The preliminary University of Michigan Consumer Sentiment Index rose from a January reading of 99.8 to February's preliminary level of 100.9. When the preliminary January index score was reported last ...
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Japan Faces Rising Recession Risks on Heels of Coronavirus

It has become inevitable that the rising number of coronavirus cases and the rising death toll are hurting many economies. There may not be widespread recession now, but some economies ...
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Germany and China Both Flirt With Recession

The news about the German economy for the fourth quarter was bad. The German Statistics Office said fourth-quarter growth was stagnant. The world's fourth-largest nation, as measured by gross domestic ...
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How the Coronavirus Will Harm GDP and Businesses in 2020

The worst issue to consider in any viral and contagious outbreak is the suffering from illness and the loss of life. As of February 13, 2020, there were more than ...
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