Business News
Explainer: Why 14.7% unemployment rate doesn’t capture the true state of the coronavirus economy
The U.S. economy shed 20.5 million jobs in April, and the unemployment rate rose to 14.7%, a government report Friday showed.
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The ‘silver lining’ of the April jobs report, according to Deutsche Bank Chief U.S. economist
In the month of April, the U.S. economy lost a record 20.5 million payrolls and the unemployment rate jumped to 14.7%. Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the report with Matthew Luzzetti, Deutsche Bank Chief U.S. Economist. …read more […]
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3 Big Dividend Stocks Yielding at Least 10%; Maxim Says ‘Buy’
Does history repeat? Many of us, no doubt, remember the crash of the doc.com bubble back in 2000, and at least one analyst sees that pattern repeating before our eyes. Will Meade, who built his reputation in stock analysis with Goldman Sachs, believes that the current rally is only temporary, and that the markets are likely to fall again in 2H20 – by as much as 40%.Meade points that, like in 2000, we have the risk and uncertainty of a Presidential election coming up, and then adds, “The NASDAQ in 2000 did a similar bear market bounce as stocks this …read more […]
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Can these 13 retailers survive coronavirus? Permanent store closings, bankruptcies coming
Retailers that were already ailing before the coronavirus are beginning to crumble as the crisis raises the threat of store closings and bankruptcy. …read more […]
Business News
U.S. joblessness slams Latinos, less educated with brutal force
The U.S. economy’s record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars.
Business News
Wall Street gains on easing U.S.-China tensions, jobs report
U.S. stocks jumped at the open on Friday as an easing in U.S.-China friction added to optimism from data showing the U.S. economy lost fewer jobs in April than feared due to the coronavirus crisis.
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Business News
Instant view: Coronavirus ravaged U.S. payrolls in April, 20.5 mln jobs lost
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world’s biggest economy.
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Why Regions Financial Corporation (NYSE:RF) Could Be Worth Watching
Regions Financial Corporation (NYSE:RF), operating in the financial services industry based in United States, saw a… …read more […]
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Freshworks IPO: Can Investors Expect Freshworks Stock?
In 2018, rumors of a Freshworks IPO started spreading. Investors anticipated the initial public offering would come as early as 2022. However, Freshworks stock might be closer than analysts thought.
Investors might be able to invest in the startup sooner than they expected. There are signs that Freshworks will go public as early as the end of 2020. Here’s what we know…
Freshworks IPO: The Business
Girish Mathrubootham and Shan Krishnasamy founded Freshworks in 2010 in Chennai, India. Freshworks is a Software as a Service (SaaS) company. It sells software to companies of all sizes. Although, it focuses on small businesses.
The original company …read more […]
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Business News
Tesla aims to restart Fremont plant on Friday
Tesla Inc is aiming to restart production in its U.S. car plant in Fremont, California on Friday afternoon, according to an email sent by Chief Executive Officer Elon Musk to staff.
Business News
Coronavirus deals U.S. job losses of 20.5 million, historic unemployment rate in April
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world’s biggest economy.
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Read This Before You Buy Motorola Solutions, Inc. (NYSE:MSI) Because Of Its P/E Ratio
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll look at Motorola… …read more […]
Business News
Lufthansa to start flying 80 more aircraft in June to meet travel demand
German flagship carrier Lufthansa on Friday said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet due to the coronavirus pandemic.