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Coronavirus Recession Looms, Its Course 'Unrecognizable' The American economy is facing a plunge into uncharted waters. Economists say there is little doubt that the nation is headed into a recession because of the coronavirus pandemic, with businesses shutting down and Americans being shut in. But it is harder ...
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FDA OKs 'emergency use' coronavirus test, global cases top 300000 The coronavirus has infected more than 303,180 and killed at least 12,944 worldwide, according to data from Johns Hopkins University. watch now. VIDEO3:3203:32. Coronavirus fears hit hospitals. Coronavirus. The coverage on this live blog has ended ...
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'Terrified' Package Delivery Employees Are Going to Work Sick Hour after hour, day after day, the packages keep arriving: food, medicine, clothes, toys and a million other items brought to the doorsteps and building lobbies of Americans who are hunkering down as the coronavirus sweeps the land. An increasing number ...
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How the current stock market collapse compares with others in history In mid-February 2020, the Dow Jones Industrial Average reached nearly 30,000 points, the highest level in its more than 100-year history. And then, the severity and scale of the COVID-19 pandemic came into sharper focus. Within a week of hitting an all-time ...
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COVID-19's Worst Case? 10.6% Jobless Rate, $1.5 Trillion GDP Drop Economists have vastly under-estimated the economic damage from COVID-19. For example, on March 2, the OECD estimated that the Coronavirus would nick U.S. economic growth in 2020 — trimming its 2% U.S. GDP growth forecast for the year to 1.9%.
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Major US airlines, unions insist on cash grants from Congress over coronavirus WASHINGTON/CHICAGO (Reuters) - Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they ...
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With Coronavirus Decimating the Industry, Should You Buy Airline Stocks Right Now? Bbargain-hunting investors should stick to airlines with solid balance sheets and track records of strong free cash flow. Adam Levine-Weinberg. (TMFGemHunter). Mar 21, 2020 at 12:25PM. Author Bio. Adam Levine-Weinberg is a senior Industrials/Consumer ...
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United Airlines warns of massive layoffs without federal aid United Airlines is hinting that major layoffs could be coming if Washington doesn't pass an airline bailout by the end of this month. By. DAVID KOENIG AP Airlines Writer. March 20, 2020, 4:38 PM. 4 min read. News headlines today: Mar. 20, 2020.
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Factories Pivot to Fight Coronavirus, but Challenges Abound In this May 19, 2011 photo, robots weld a Chevrolet Sonic at the General Motors Orion Assembly plant in Orion Township, Mich. General Motors, Ford, jet engine maker Rolls-Royce and other companies are talking to their governments about repurposing ...
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Airlines appear to come up short in bid to win cash grants in rescue package WASHINGTON/CHICAGO (Reuters) - A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday.
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