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Biden says Trump should 'step out of his own bunker' [Video]

Biden says Trump should 'step out of his own bunker'

Democratic White House candidate Joe Biden on Friday criticized Republican President Donald Trump for prematurely celebrating a better-than-expected jobs report, saying the battered U.S. economy still..

Credit: Reuters Studio     Duration: 02:12Published
Need2Know: New Charges in Floyd Case, Jobless Claims Dip & Zoom IPO [Video]

Need2Know: New Charges in Floyd Case, Jobless Claims Dip & Zoom IPO

These are the headlines you Need 2 Know for Wednesday, June 4, 2020.

Credit: Cheddar Inc.     Duration: 09:01Published
Free Help: Financial Planners Offering Services [Video]

Free Help: Financial Planners Offering Services

Americans are being forced to make hard choices when it comes to how to spend their money during this uncertain time. But as Amanda Brandeis learned, there are some experts – all over the country –..

Credit: FOX 47 News Michigan     Duration: 02:47Published
Global stocks and euro gain ahead of U.S. jobs report [Video]

Global stocks and euro gain ahead of U.S. jobs report

World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fueling hopes for a global rebound. Ciara Lee reports

Credit: Reuters Studio     Duration: 01:35Published
Trump facing trio of crises ahead of November election [Video]

Trump facing trio of crises ahead of November election

A Reuters poll shows presumptive Democratic candidate Joe Biden expanding his lead over Republican Donald Trump as the president faces a health crisis, an economic downturn, and rising civil unrest...

Credit: Reuters - Politics     Duration: 01:51Published
Think Positive: Despite Pandemic, Civil Unrest, Dow Jumps 268 Points [Video]

Think Positive: Despite Pandemic, Civil Unrest, Dow Jumps 268 Points

The stock market seemed to pay little to no attention to the civil unrest sweeping the US on Tuesday. According to Markets Insider, US stocks rose as investors turned their attention towards..

Credit: Wochit Tech     Duration: 00:34Published
Four China-Exposed Stocks That Have Outperformed [Video]

Four China-Exposed Stocks That Have Outperformed

China has led the global recovery from the virus-induced recession. Holding stocks exposed to China? You're in good hands.

Credit: The Street     Duration: 02:30Published
Trucking Has Been In Recession Since 2018 [Video]

Trucking Has Been In Recession Since 2018

AP Photo/Carolyn Kaster Business Insider Aaron Terrazas is the director of economic research at Convoy, a digital freight network. He says that, for the millions of truckers around the United States,..

Credit: Wochit     Duration: 00:33Published
Money Talks for May 31, 2020: Coronavirus Recession [Video]

Money Talks for May 31, 2020: Coronavirus Recession

Brad Zucker tells us if we are in the midst of a recession.

Credit: KTNV Channel 13 Las Vegas     Duration: 03:19Published
Money Talks for May 30, 2020: Stimulus Debit Cards [Video]

Money Talks for May 30, 2020: Stimulus Debit Cards

Some Americans are receiving coronavirus stimulus payments via prepaid debit cards.

Credit: KTNV Channel 13 Las Vegas     Duration: 03:15Published
Most Americans worry they will never be financially stable [Video]

Most Americans worry they will never be financially stable

Seven in 10 Americans worry they will never be financially independent, according to new research.The study asked 2,000 Americans about their finances and how knowledgeable they feel on the..

Credit: SWNS STUDIO     Duration: 00:59Published
Covid update: Flight passengers infected; China's plan; Karnataka blockade [Video]

Covid update: Flight passengers infected; China's plan; Karnataka blockade

From over a dozen passengers on domestic Indian flights found to be infected, to Karnataka placing a complete travel blockade on people from 5 states - here are the top ten news updates on the Covid-19..

Credit: HT Digital Content     Duration: 04:15Published
German economy likely to shrink 6.6% this year [Video]

German economy likely to shrink 6.6% this year

The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus crisis before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update. Ciara Lee..

Credit: Reuters Studio     Duration: 01:15Published
EU unveils 750 bln euro plan for coronavirus recovery [Video]

EU unveils 750 bln euro plan for coronavirus recovery

The European Commission on Wednesday unveiled a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump...

Credit: Reuters Studio     Duration: 02:00Published
Virus could cost Mexico a million jobs: president [Video]

Virus could cost Mexico a million jobs: president

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as many industries considered not essential remain shut...

Credit: Reuters - Politics     Duration: 01:24Published
Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus [Video]

Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus

Japan is expected to lift its state of emergency over Tokyo, as it eyes a fresh stimulus relief package worth nearly $930 billion. Gloria Tso reports.

Credit: Reuters Studio     Duration: 01:05Published
Laid off? This group helps pay for job training [Video]

Laid off? This group helps pay for job training

This program is helping steer people towards reemployment by offering free personalized job search assistance, and connecting them to a training provider. That way, they can enhance their skills and..

Credit: WCPO Cincinnati     Duration: 01:58Published
Europe's week: Franco-German recovery plans, recession fears and US-China relations [Video]

Europe's week: Franco-German recovery plans, recession fears and US-China relations

Europe's week: Franco-German recovery plans, recession fears and US-China relations

Credit: Euronews English     Duration: 07:06Published
Macy's Loses $1 Billion In First Quarter Of 2020 [Video]

Macy's Loses $1 Billion In First Quarter Of 2020

The department store was forced to close its locations on March 18, causing sales to plunge by as much as 45%. CBS2's Mary Calvi reports.

Credit: CBS 2 New York     Duration: 00:30Published
Victoria's Secret To Close 251 Stores After Coronavirus Hit To Business [Video]

Victoria's Secret To Close 251 Stores After Coronavirus Hit To Business

Victoria's Secret is among the latest retail chains to be impacted by the economic recession created by the spread of coronavirus. CBS2's Mary Calvi reports.

Credit: CBS 2 New York     Duration: 00:26Published
China ditches GDP target for first time [Video]

China ditches GDP target for first time

China will refrain from setting a GDP target citing concerns over the coronavirus and global uncertainty, the country's premier said on Friday. Ciara Lee reports

Credit: Reuters Studio     Duration: 01:27Published
'We need to do more': California schools face daunting task of reopening amid recession [Video]

'We need to do more': California schools face daunting task of reopening amid recession

Lonnie Wong reports

Credit: KTXL     Duration: 01:40Published
UK inflation slumps to lowest since 2016 as coronavirus hits [Video]

UK inflation slumps to lowest since 2016 as coronavirus hits

Britain's inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing stores slashed prices, bolstering the prospect of more Bank..

Credit: Reuters Studio     Duration: 01:29Published
Equity indices hold firm, pharma and financial stocks up [Video]

Equity indices hold firm, pharma and financial stocks up

Equity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks. The BSE SandP Sensex closed 622 points or 2.06 per cent higher..

Credit: ANI     Duration: 01:16Published
Teachers union responds to school district budget shortfall [Video]

Teachers union responds to school district budget shortfall

NEWS: The district faces a 37.8 million dollar budget shortfall because of the coronavirus.

Credit: KTNV Channel 13 Las Vegas     Duration: 02:01Published

Why Foot Locker, Under Armour, and American Eagle Outfitters Stocks Were Up Today

An unexpectedly strong jobs report plus New York's reopening raise hopes the recession is near an end.
Motley Fool - Published

How major US stock indexes fared Friday

Stocks jumped Friday after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed. Economists cautioned that..
SeattlePI.com - Published Also reported by •Seattle Times

Dow soars 829 points after surprising jobs report shows unemployment fell in May

dow soars 829 points after surprising jobs report shows unemployment fell in may
** · *US equities spiked on Friday after the Bureau of Labor Statistics announced an unexpected decline in unemployment and net job creation in May.* · *The nation's unemployment rate dropped to..
Business Insider - Published

SIGN UP NOW: How to invest during turbulent times — a conversation with 3 top market strategists

sign up now: how to invest during turbulent times — a conversation with 3 top market strategists
The coronavirus pandemic spurred the fastest stock-market crash in history and the deepest economic recession in the post-war era. And the subsequent recovery has been similarly torrid. Join..
Business Insider - Published

Biden Slams Trump for Economic 'Crowing' With 13.3% Joblessness

Joe Biden scolded President Donald Trump on Friday for declaring "mission accomplished" after a better-than-expected May jobs report while millions of Americans are still suffering from the recession..
Newsmax - Published

These 6 charts show how the jobs market is still suffering the effects of the pandemic even after Friday's wild report

these 6 charts show how the jobs market is still suffering the effects of the pandemic even after friday's wild report
· The May jobs report shocked economists when it showed a declining unemployment rate and net positive job creation, signaling that a rebound from the coronavirus pandemic started earlier than..
Business Insider - Published

'Greatest miss in forecasting history': 4 economists and strategists react to Friday's surprising May jobs report

'greatest miss in forecasting history': 4 economists and strategists react to friday's surprising may jobs report
· The May jobs report released Friday from the Labor Department showed the US economy gained 2.5 million jobs and the unemployment rate declined to 13.3%. · It was a major surprise for economists..
Business Insider - Published

Microsoft execs explain how they've taken everything they've learned from the pandemic and used it to accelerate cybersecurity innovation (MSFT)

microsoft execs explain how they've taken everything they've learned from the pandemic and used it to accelerate cybersecurity innovation (msft)
· The US fight against COVID-19 began just 20 miles from Microsoft's Redmond, Washington, headquarters.  · No other US tech company grappled with the disease locally and in its core daily business..
Business Insider - Published

US Employment Jumps 2.5 Million In May, As Unemployment Falls To 13.3 Percent – Analysis

The May jobs numbers were considerably better than most analysts had expected with the economy reportedly adding 2,509,000 jobs, while the unemployment rate fell by 1.4 percentage points to 13.3..
Eurasia Review - Published

If Warren Buffett Isn’t Buying Stocks, Should You Hold On to Cash?

Consider buying shares of Shopify, as the Oracle of Omaha chooses to continue building his pile of cash during the recession. The post If Warren Buffett Isn’t Buying Stocks, Should You Hold On to..
Motley Fool - Published

Chart shows that black Americans weren't part of the surprise May hiring bump that benefited white and Latino workers

chart shows that black americans weren't part of the surprise may hiring bump that benefited white and latino workers
· The black unemployment rate stood at 16.7% as of May, holding constant from the previous month. · The level of unemployment fell slightly for white and Latino workers, and there was not a similar..
Business Insider - Published

Why the Stock Market Just Doesn’t Care

Civil unrest, racial inequality, pandemic, recession, severe unemployment? No problem.
NYTimes.com - Published

3 Ways to Prepare Your Portfolio for a Recession

If, like many experts and non-experts, you see a recession looming, here are some smart moves to maximize your financial security.
Motley Fool - Published

There's Been A Changing Of The Guard In 'Recession Proof Defensives'


SeekingAlpha - Published

Unemployment rate falls to 13.3%, U.S. adds 2.5 million jobs

The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake..
Newsday - Published

Unemployment dips to 13.3%, U.S. adds 2.5 million jobs in May as impact from coronavirus eases

WASHINGTON — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy..
Denver Post - Published

Baillie Gifford cashed in on Amazon and Tesla before the vast majority of investors. A 33-year partner at the firm breaks down a risk that scares him more than the pandemic — and details 3 stocks he's buying for the new era.

baillie gifford cashed in on amazon and tesla before the vast majority of investors. a 33-year partner at the firm breaks down a risk that scares him more than the pandemic — and details 3 stocks he's buying for the new era.
· Baillie Gifford's James Anderson says the end of carbon — illustrated by the historic oil crash in April — will have more lasting implications for the world than the coronavirus..
Business Insider - Published

'One of the greatest wealth transfers in history': Stocks have rebounded because the pandemic is sparing big companies, Jim Cramer says

'one of the greatest wealth transfers in history': stocks have rebounded because the pandemic is sparing big companies, jim cramer says
** · *The stock market has brushed off a lot of bad news because public companies are poised to thrive as the pandemic threat recedes, "Mad Money" host Jim Cramer said on his Thursday show.* ·..
Business Insider - Published

Trump says he hopes George Floyd 'looking down' and seeing today's jobs numbers as 'a great day for him'

Donald Trump says he hopes George Floyd, who was killed by police on Memorial Day after an officer forced his knee on the back of his neck for nearly nine minutes while facing the ground in handcuffs,..
Independent - Published

Homebuyers push for discounts in distressed markets

With recession on the horizon and a big drop in transactions, buyers sense an opportunity
FT.com - Published

Briefingday Edition 2020-06-05

Policing Won’t Solve Our Problems The Principles to Mend Our Social Fabric 70% of People Infected Did Not Pass It to Anyone Pandemics Have Fueled the Rise of Mega-Corporations Ranked: People Killed..
Upworthy - Published

Japan's first-quarter GDP decline likely smaller than initial estimates on firmer capex: Reuters poll

Japan's first quarter economic contraction was likely smaller than initially estimated, a Reuters poll showed, thanks to stronger business spending although the country is still expected to slide..
Reuters India - Published Also reported by •Reuters

Official: Bentley to axe 1000 jobs

Bentley is seeking to scale back its workforce significantly British marque is seeking to dramatically streamline the business via its new Beyond100 initiative Bentley is seeking to cut almost a..
Autocar - Published

German factory orders plunge, portending lean times ahead

BERLIN (AP) — Factory orders in Germany plunged even more than anticipated in April, underlining the effect the coronavirus pandemic has had on Europe's largest economy. The Economy Ministry said..
SeattlePI.com - Published

Despite reopening, some jobs lost to virus are gone for good

BANGKOK (AP) — Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back. That’s the harsh truth facing workers laid off around the U.S. and the..
SeattlePI.com - Published Also reported by •Seattle Times

Pandemic-induced economic recession is likely to be sharp but short, says Morgan Stanley

pandemic-induced economic recession is likely to be sharp but short, says morgan stanley
Compared to the global financial crisis in 2008-2009, U.S. policymakers have announced stronger support this time to counter the economic hit from the coronavirus pandemic, says Chetan Ahya of Morgan..
WorldNews - Published

Virus lockdown pushes already weak economy into recession

A recession is not what happens to gross domestic product in two successive quarters or even half a dozen, it’s what happens to employment.
Brisbane Times - Published Also reported by •Sydney Morning HeraldThe Age

3 tips for surviving an ASX recession

Australia is (un)officially in recession. Here are 3 tips for surviving an ASX recession with security and with your wealth in-tact. The post 3 tips for surviving an ASX recession appeared first on..
Motley Fool - Published

Another huge blow to US workers expected in May jobs report

WASHINGTON (AP) — America's workers likely suffered another devastating blow in May, with millions more jobs lost to the viral pandemic and an unemployment rate near or even above 20% for the first..
SeattlePI.com - Published

We’re in recession. What does that mean for investors?

Treasurer Josh Frydenberg admitted the inevitable on Wednesday. Australia is in a recession. So what does this mean for ASX investors? The post We’re in recession. What does that mean for..
Motley Fool - Published

Coronavirus: Job-hunting advice for 2020 graduates, from the Class of 2008

We asked three people who hit the job market just as recession was biting, what got them through.
BBC News - Published Also reported by •BBC Local News

ECB gives another shot of stimulus as economy reels

The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World..
Reuters - Published

ECB sees big 2020 recession, partial rebound next year

The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related restrictions weigh on output for an extended period.
Reuters - Published

ECB boosts pandemic stimulus to 1.35 trillion euros

The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World..
Reuters - Published



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