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Category: Economy

Category:
  • Economy

Study using satellite data finds rate of urban growth much greater than previously thought

An international team of researchers has used satellite images to map urban growth between 1985 and 2015. Each image captured 900 square meters of ground, a level of detail that Continue Reading

Posted On : 11 May 2020 Published By : Tom Whipple
Category:
  • Asia
  • Economy

Virus hits Asian energy, exporters hardest, as analysts cut outlook

Concerns that extended factory lockdowns and social distancing rules will dent company profits prompted analysts to cut forecasts for Asian companies’ 2020 earnings by around 5.4% over the last month, Continue Reading

Posted On : 11 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

U.S. unemployment rate will get worse, Treasury’s Mnuchin says

The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday. “The reported numbers are probably Continue Reading

Posted On : 11 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

Trump advisers cite need to stop ‘permanent’ economic toll

Some of President Donald Trump’s top economic advisers emphasized on Sunday the importance of states getting more businesses and offices open even as the pandemic makes its way to the Continue Reading

Posted On : 11 May 2020 Published By : Tom Whipple
Category:
  • Economy

Trump’s Jobs Bet Unravels on Worst Slump Since Depression

President Donald Trump says he resuscitated Barack Obama’s gasping economy and proceeded to build it to its strongest in generations. Now as record job losses mount across the country, the Continue Reading

Posted On : 11 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

Factories Close for Good as Coronavirus Cuts Demand

View full article at www.wsj.com

Posted On : 11 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

Stocks hit weekly highs as markets shrug off dismal U.S. jobs data

Equity markets rallied on Friday, hitting weekly highs, and oil prices gained as more governments around the world began gradually reopening their economies and Sino-American trade tensions eased. The optimism Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

US Jobs Report Apr. 2020: Unemployment Rate Triples to 14.7%

It took just one month for the labor market in the world’s largest economy to capsize. It will take longer for the damage to be fully realized.  In the harshest downturn Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

U.S. April Jobs Report Was Full of Records — the Bad Kind

It took just one month for the labor market in the world’s largest economy to capsize. It will take longer for the damage to be fully realized. In the harshest downturn Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

Wall Street closes higher despite dire US jobs data

The gulf between a buoyant Wall Street and withering Main Street, which has perplexed many investors for more than a month, was widened further on Friday by a rally in Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple

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