If you borrowed money to attend college, you most likely won’t feel any impact from the Federal Reserve’s interest rate cut.
US Employers Shed 701,000 Jobs in March, Unemployment Jumped to 4.4%, as Coronavirus Ravages Economy
The U.S. economy lost 701,000 jobs in March, snapping a decade-long record of employment growth, as strict measures to contain the coronavirus pandemic shuttered businesses and forced Americans to stay at home.
Futures contracts tied to the major U.S. stock indexes pointed to a lower start to Friday’s session, leaving Wall Street on track for modest weekly losses.
The torrent of Americans filing for unemployment insurance continued last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday.
U.S. stock futures jumped after a surge in the price of oil, a financial market which has collapsed this year and raised concerns about hefty losses for the energy industry.
Stocks ended sharply lower Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected.
U.S. stock futures dropped early Wednesday morning and pointed to sizable declines at the open, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off.
All of the presumptive Democrat Presidential candidates and the two remaining – Joseph Biden and Bernie Sanders -- would essentially ban fracking in the U.S., as would many other politicians and activists.