Coronavirus causing global economy to experience historic drops Morgan Stanley emerging markets head Ruchir Sharma says the economic decline the world is feeling from coronavirus could be at its worst since the 1940s due to how quickly it’s changed in such a short period of time. Get all the latest […]
Read moreMarch jobs numbers even sadder than the official report sounds
Pan-dammit, the employment numbers for March were truly shocking! That doesn’t understate what can be said about the employment report for last month that was released by the Labor Department Friday morning. It was so shocking, in fact, that it’ll make the experts reconsider how bad the job numbers are […]
Read moreUS doubles interest rate on small business loans after lenders complain
SBA administrator worried about all 30 million small businesses Treasury Secretary Steven Mnuchin says the Trump administration wants small businesses to reopen and succeed. Small Business Association Administrator Jovita Carranza says she wants employees to be ready, not lost. Get all the latest news on coronavirus and more delivered daily […]
Read moreHow to recertify your student loan income-driven repayment plan?
If you’re on an income-driven repayment plan, you need to recertify your income and renew your plan each year. Learn how to do that here. Income-driven repayment plans cap your monthly student loan payments between 10 to 20 percent of your available monthly income with the specific amount depending on the […]
Read moreU.S. Trade Deficit Shrinks To Narrowest Since September 2016
Reflecting a steep drop in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed significantly in the month of February. The Commerce Department said the trade deficit narrowed to $39.9 billion in February from a revised $45.5 billion in January. The […]
Read moreMarch jobs report won’t capture coronavirus's full damage to US economy
US private sector loses 27K jobs in March: ADP FOX Business’ Cheryl Casone breaks down the March ADP report. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The coronavirus pandemic has left the U.S. labor market reeling, but the […]
Read moreVarney: Trump's performance against coronavirus 'not looking good' for Democrats
Varney: Trump looks good in the polls amid coronavirus FOX Business’ Stuart Varney on the Democrats’ attempt to take down President Trump once the coronavirus passes. FOX Business’ Stuart Varney, in his latest “My Take,” argues that President Trump’s managing of the coronavirus outbreak only leaves the Democrats in a […]
Read moreUS jobless claims hit 6.6 million as coronavirus layoffs continue
More than 6.6 million Americans applied for unemployment benefits last week as the coronavirus continued to gut the US labor market, the feds said Thursday. The seasonally adjusted number of initial jobless claims reported by the US Labor Department surpassed the prior week’s record-shattering revised total of 3.3 million — […]
Read moreU.S. Private Sector Employment Edges Lower Ahead Of Full Impact Of Coronavirus
Reflecting a significant loss of jobs at small businesses, payroll processor ADP released a report on Wednesday showing a modest decrease in private sector employment in the U.S. in the month of March. ADP said private sector employment fell by 27,000 jobs in March after jumping by a downwardly revised […]
Read moreFood contamination probably not a factor in coronavirus, experts believe
Chicken with salmonella can make you sick. So can romaine lettuce with E. coli and buffets with lurking norovirus. So why aren’t health officials warning people about eating food contaminated with the new coronavirus? The answer has to do with the varying paths organisms take to make people sick. Respiratory […]
Read more