US retail sales jumped 17.7% in May, partially recovering after plunge in March and April when economy froze up

US retail sales jumped 17.7% in May, partially recovering after plunge in March and April when economy froze up ABC News: US BEST DEAL UPDATE: LearnVest Money Center. Start Making Progress On Your Money. Set Up Goals & Budget. Start … Read more…

Op-ed: Digital taxes are an even bigger threat to the US economy during the pandemic

Increased international taxes on U.S. companies will make America’s own economic recovery more difficult, and looting our tax base will make an already troubling fiscal situation worse, writes former Trump administration economic advisor Clete Willems. Commentary BEST DEAL UPDATE: Best … Read more…

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free … Read more…

Kevin O’Leary’s advice for small business owners as the economy reopens: ‘Practice being thrifty’

“At some point, we’re gonna start to reopen,” Kevin O’Leary, investor on ABC’s “Shark Tank,” tells CNBC Make It. “But [business owners should] lower your expectations.” Wealth SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card … Read more…

Watch live: House coronavirus subcommittee to hold a briefing on reopening US economy

The House subcommittee tasked with overseeing the country’s coronavirus response is scheduled to hold its first briefing on Wednesday where members will discuss reopening the nation’s economy. Europe News BEST DEAL UPDATE: SPECIAL NEWS UPDATE: Click today to request your … Read more…

Watch live: House coronavirus subcommittee to hold a briefing on reopening US economy

The House subcommittee tasked with overseeing the country’s coronavirus response is scheduled to hold its first briefing on Wednesday where members will discuss reopening the nation’s economy. Europe News BEST DEAL UPDATE: SPECIAL NEWS UPDATE: Click today to request your … Read more…

Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy

A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an … Read more…

Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy

A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an … Read more…

Powell says the economy will likely need more support from the Fed for the recovery to be ‘robust’

Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up … Read more…

Powell says the economy will likely need more support from the Fed for the recovery to be ‘robust’

Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up … Read more…

As Facebook’s profit doubles, CEO Mark Zuckerberg sounds off on reopening the economy too soon

Facebook reported an 18 percent increase in first-quarter revenue Wednesday, but the social media giant said it wasn’t making financial predictions because of the uncertainty caused by the coronavirus and what is expected to be the greatest economic contraction since … Read more…

Tech giants are profiting — and getting more powerful — even as the global economy tanks

As the pandemic wreaks havoc on the economy, tech giants Facebook, Amazon, Apple and Microsoft are benefiting enormously from a potentially permanent shift in consumer habits, leveraging their political clout by arguing that they are essential services, and gutting their … Read more…

Tech giants are profiting — and getting more powerful — even as the global economy tanks

As the pandemic wreaks havoc on the economy, tech giants Facebook, Amazon, Apple and Microsoft are benefiting enormously from a potentially permanent shift in consumer habits, leveraging their political clout by arguing that they are essential services, and gutting their … Read more…

Rand Paul speaks out against $500B rescue package, ‘no amount of bailout dollars’ will stimulate economy

Sen. Rand Paul, R-Ky., spoke out in opposition against the $ 484 billion small business package that was passed in the Senate Tuesday and warned, “no amount of bailout dollars will stimulate an economy that is being strangled by quarantine.” FOX … Read more…

Trump’s 3 Phase Plan To Reopen America’s Economy, Ease Coronavirus Restrictions Explained

Newsweek SPECIAL NEWS BULLETIN: Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine! SPECIAL DONATION REQUEST UPDATE: Please help American Consultants Rx achieve it’s biggest goal yet of donating over … Read more…

The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’

Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than expected. US Top News and Analysis COMMUNITY NEWS UPDATE: Click today to request your … Read more…

Torn Over Reopening Economy, Trump Says He Faces ‘Biggest Decision I’ve Ever Had to Make’

The president suggested he wanted to move soon, but he also promised to listen to public health officials cautioning against relaxing restrictions prematurely. NYT > Top Stories SPECIAL NEWS BULLETIN: Click today to request your free ACRX discount prescription card … Read more…

Doctors say the virus sets the timetable for when the US can reopen. But as the economy staggers, the President has already floated an early date.

Newsletter | Podcast | Q&A | We want to hear about those you’ve lost CNN.com – RSS Channel – HP Hero SPECIAL NEWS BULLETIN: Click today to request your free ACRX discount prescription card and save up to 80% off … Read more…

Seattle’s Empty Seaport Is A Stark Look At The Coronavirus Pandemic’s Impact On The U.S. Economy

Newsweek SPECIAL NEWS BULLETIN: Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine! SPECIAL DONATION REQUEST UPDATE: Please help American Consultants Rx achieve it’s biggest goal yet of donating over … Read more…

March’s ISM manufacturing index is 49.1, signaling contraction as coronavirus hits economy

U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data released Wednesday by the Institute for Supply Management showed. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount … Read more…

Trump weighs restarting economy despite warnings from U.S. public health officials

In tweets and retweets, the president argued that “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” reflecting concerns about the impact on the economy. Politics SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription … Read more…

India’s response to the coronavirus impact could include cash transfers to the informal economy

India has reported at least 168 cases, out of which 14 have recovered and three died, according to the health ministry. Health and Science U.S.HEALTHCARE UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…

The economy is ‘like a coiled spring’ and a sharp rebound is possible, analysts predict

Investors should avoid getting too bearish after Monday’s global market rout, according to Patrick Armstrong, chief investment officer of Plurimi Investment Managers. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…

Oil prices plunge 20% amid worries producers won’t cut supplies enough to match falling demand in virus-weakened economy

Oil prices plunge 20% amid worries producers won’t cut supplies enough to match falling demand in virus-weakened economy ABC News: US BEST DEAL UPDATE: SPECIAL NEWS BULLETIN: Click today to request your free ACRX discount prescription card and save up … Read more…

Buffett sees economy ‘a little softer,’ says several Berkshire businesses impacted by coronavirus

Buffett said that while the economy looks healthy, it’s not as strong as it was six months ago thanks to the trade war and coronavirus. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount … Read more…

China’s recent air pollution levels may be telling a story about the coronavirus impact on its economy

All eyes are on China’s progress in getting its factories to crank up again, after an extended shutdown in a bid to control the coronavirus outbreak. US Top News and Analysis COMMUNITY NEWS UPDATE: Click today to request your free … Read more…

Singapore has the financial buffer to help the economy if virus outbreak drags on, minister says

The Singapore government has set aside 5.6 billion Singapore dollars ($ 4.02 billion) to help businesses, workers and households weather the economic hit from the spread of the new coronavirus called COVID-19. Health and Science U.S.HEALTHCARE UPDATE: SPECIAL NEWS UPDATE: … Read more…

Japan’s recession risks grow as economy skids in fourth-quarter, virus clouds outlook

Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks. Reuters: Business News SPECIAL … Read more…

Investors are flocking to the largest US growth stocks as concerns rise over the global economy

The U.S. economy offers more stable growth and American securities promise more secure cash flows and yield that the rest of the globe. US Top News and Analysis COMMUNITY NEWS UPDATE: Click today to request your free ACRX discount prescription … Read more…

Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external headwinds. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX … Read more…

China’s economy, travel sector will recover once coronavirus is under control: Trip.com CEO

As long as the coronavirus outbreak is brought under control, consumer demand and buying power will prevail in China’s economy and the travel industry, says Jane Sun, CEO of Trip.com. Travel BEST TRAVEL DEAL: Find Great Deals At Radisson’s Official … Read more…