Asian Shares Fall After Spike In Virus Cases

Asian stocks fell broadly on Thursday as the rising number of coronavirus cases in Beijing as well as several U.S. states dampened investor euphoria over the potential economic recovery. With the road back from recession likely to take some time, Federal Reserve Chair Jerome Powell urged Congress on Wednesday not to pull back too quickly on federal relief for households […]

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Economists Have Biggest Miss Ever in U.S. Jobs-Report Shocker

In this article How did economists bungle this one so badly? The monthly U.S. jobs report can often surprise relative to projections, but forecasts have never been so spectacularly wrong as they were for May’s data out Friday, raising the question of why this miss was so wide. A record 2.5 million workers were added by employers during the month, […]

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GM ready to launch new large SUVs as plants restart

GM’s money makers are in big SUVs Fox News automotive editor Gary Gastelu on Chevy’s new SUV lineup. DETROIT  - General Motors Co is ready to start building its new generation of large sport utility vehicles at a plant in Arlington, Texas, when it reopens North American assembly plants on May 18, Philip Kienle, the automaker's North American manufacturing chief, […]

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Hundreds protest coronavirus stay-at-home order at Michigan capitol

Trump on reopening of America from coronavirus: We will transition to greatness ‘fast’ President Trump on reopening America, disagreements with Dr. Fauci, and bringing the economy back from the coronavirus pandemic. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below LANSING, Mich. — A couple hundred people angry about Michigan's coronavirus […]

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Twitter Earnings: What to Look For

Key Takeaways Analysts expect adjusted EPS of $0.09 vs. $0.37 in Q1 2019. Monetizable daily active users (mDAUs) are expected to rise. COVID-19 expected to hurt sales and earnings. Social-media company Twitter Inc. (TWTR), which has struggled with falling profits in recent quarters, faces drastic earning declines ahead as the coronavirus pandemic shrinks the global economy. While Twitter's traffic may […]

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Asian Shares End Choppy Session On Mixed Note

Asian stocks ended a choppy session on a mixed note on Wednesday as uncertainty lingered despite signs of a flattening coronavirus infection curve. China’s Wuhan ended a two-month lockdown and Austria announced plans to reopen the country on April 14, helping limit the downside to some extent. Chinese shares ended slightly lower as the government lifted restrictions on the movement […]

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Stocks in Asia Head for Third Day of Gains: Markets Wrap

Stocks in Asia extended a rally into a third day on light volumes as investors weighed signs of a slowing rate of coronavirus spread against more fatalities. Oil continued to swing ahead of a key meeting of suppliers. Japanese shares climbed more than 1%, with shares in Korea and Australia also higher. Hong Kong and China underperformed. S&P 500 futures […]

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