United States: U.S. Futures Drop With Europe Stocks; Dollar Gains: Markets Wrap “U.S. stock-index futures retreated alongside European shares on Monday as investors weighed the latest moves around the globe to relax restrictions for the coronavirus. The dollar strengthened and WTI crude oil jumped. Contracts on the S&P 500 Index gave up an earlier gain,

United States: U.S. Jobless Rate Triples to 14.7% in Sharpest Labor Downturn “In the harshest downturn for American workers in U.S. history, employers cut an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to 14.7%. Back in February, before the coronavirus pandemic brought the U.S. economy to a standstill, the

United States: Another 3.17 Million Filed for U.S. Jobless Benefits Last Week “The number of Americans filing for unemployment benefits topped 3 million for a seventh straight week, signaling little relief in sight for the economy since the coronavirus began closing restaurants, factories and offices from coast to coast in mid-March. Initial jobless claims totaled

United States: Trump Pivots to ‘Phase Two,’ Risking More Death to Save Economy “President Donald Trump fixed his course on reopening the nation for business, acknowledging that the move would cause more illness and death from the pandemic but insisting it’s a cost he’s willing to pay to get the economy back on track. Trump

United States: U.S. Trade Plummeted in March With Record Drop in Exports “U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel. The overall gap in goods and services trade widened to $44.4 billion from a

United States: U.S. Equity Futures Drop With Stocks; Dollar Rises: Markets Wrap “U.S. equity futures dropped with stocks in most of the world, signaling the risk-off move that hit markets at the start of this month may have further to run. The dollar strengthened. Contracts on the three main American equity indexes all fell, with

United States: U.S. Stock Futures Drop on Earnings; Dollar Gains: Markets Wrap “U.S. equity futures sank as investors began May pondering gloomy corporate news and the persistent economic turmoil caused by the coronavirus. The dollar rose with Treasuries as a risk-off mood prevailed on what is a holiday in many major markets. Contracts on the