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Mission Critical To Save The Economy: Fed Goes Even Bigger With Massive Loan Help

MISSION CRITICAL TO SAVE THE ECONOMY: FED GOES EVEN BIGGER WITH MASSIVE LOAN HELP

In its latest salvo, the Federal Reserve announced $2.3 trillion in new lending programs in an effort to keep businesses and local...

Real unemployment in the United States has likely hit 14.7%, the highest level since 1940

REAL UNEMPLOYMENT IN THE UNITED STATES HAS LIKELY HIT 14.7%, THE HIGHEST LEVEL SINCE 1940

We're likely sitting at the highest level of joblessness since Franklin Roosevelt was president. Another 6.6 million Americans filed...

 
 
 
Young people, who are least likely die from the coronavirus, should be released early from the UK's lockdown to help the economy, a new paper said

YOUNG PEOPLE, WHO ARE LEAST LIKELY DIE FROM THE CORONAVIRUS, SHOULD BE RELEASED EARLY FROM THE UK'S LOCKDOWN TO HELP THE ECONOMY, A NEW PAPER SAID

Luis Alvarez/Getty Images Working people aged between 20 and 30 years-old should be the first out of lockdown to help re-start the...

Wall Street climbs after Fed stuns markets again with aid

WALL STREET CLIMBS AFTER FED STUNS MARKETS AGAIN WITH AID

NEW YORK - Stocks rose in morning trading on Wall Street Thursday after the Federal Reserve launched its latest unprecedented effort...

 
 
 
Senate Democrats Block GOP Effort To Boost Small-Business Aid

SENATE DEMOCRATS BLOCK GOP EFFORT TO BOOST SMALL-BUSINESS AID

Democrats want to funnel the extra funding through community-based financial institutions, which they say help minority-, rural- and...

Jobs Carnage Mounts: 17 Million File For Unemployment In 3 Weeks

JOBS CARNAGE MOUNTS: 17 MILLION FILE FOR UNEMPLOYMENT IN 3 WEEKS

The number of people seeking jobless benefits shot up again last week, as 6.6 million more of the unemployed filed first-time claims....

 
 
 
Treasury Secretary Steven Mnuchin says American businesses could reopen in May amid the coronavirus pandemic

TREASURY SECRETARY STEVEN MNUCHIN SAYS AMERICAN BUSINESSES COULD REOPEN IN MAY AMID THE CORONAVIRUS PANDEMIC

AP Photo/Evan Vucci Treasury Secretary Steven Mnuchin said Thursday that the US economy could reopen in May if President Donald Trump...

Weekly Initial Unemployment Claims decrease to 6,606,000

WEEKLY INITIAL UNEMPLOYMENT CLAIMS DECREASE TO 6,606,000

The DOL reported : In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000, a decrease...

 
 
 
Saudi Arabia plowed $1 billion into Shell and other European oil producers

SAUDI ARABIA PLOWED $1 BILLION INTO SHELL AND OTHER EUROPEAN OIL PRODUCERS

Saudi Press Agency via AP Saudi Arabia snapped up about $1 billion worth of stock in four European oil companies, The Wall Street Journal...

Boris Johnson ‘stable and improving' after 3rd night in ICU for Covid-19

BORIS JOHNSON ‘STABLE AND IMPROVING' AFTER 3RD NIGHT IN ICU FOR COVID-19

British PM Boris Johnson remains in intensive care but is “stable” and “things are getting better,” UK Culture Secretary Oliver Dowden...

 
 
 
Amid Divisions, European Finance Ministers Fail To Reach Coronavirus Support Deal

AMID DIVISIONS, EUROPEAN FINANCE MINISTERS FAIL TO REACH CORONAVIRUS SUPPORT DEAL

European finance ministers spent the overnight hours arguing over the best way to offer financial support to southern members badly...

Unemployment insurance provides money for people who lost their jobs, and currently anyone who qualifies gets an extra $600 a week

UNEMPLOYMENT INSURANCE PROVIDES MONEY FOR PEOPLE WHO LOST THEIR JOBS, AND CURRENTLY ANYONE WHO QUALIFIES GETS AN EXTRA $600 A WEEK

Marija Babic/EyeEm/Getty Images Unemployment insurance is a US government program that provides money for people who have lost work. Under...

 
 
 
The Fed estimated a 'more adverse' coronavirus outbreak would plunge the US into a year-long recession, meeting minutes reveal

THE FED ESTIMATED A 'MORE ADVERSE' CORONAVIRUS OUTBREAK WOULD PLUNGE THE US INTO A YEAR-LONG RECESSION, MEETING MINUTES REVEAL

Kevin Lamarque/Reuters The Federal Reserve's directors envisioned two economic scenarios of differing intensity as the coronavirus...

Why PR & Marketing Will Be Essential During the COVID-19 Recession

WHY PR & MARKETING WILL BE ESSENTIAL DURING THE COVID-19 RECESSION

COVID-19 is delivering a body blow to PR and marketing agencies and departments. The near shut-down of the travel and conference industries,...

 
 
 
Chase customers affected by the coronavirus can now request to delay credit card payments online

CHASE CUSTOMERS AFFECTED BY THE CORONAVIRUS CAN NOW REQUEST TO DELAY CREDIT CARD PAYMENTS ONLINE

Spencer Platt/Getty Images Chase is offering assistance to credit card customers who have been financially impacted by the coronavirus. You...

The Coronavirus Economy: How my job as a sommelier has changed through the pandemic

THE CORONAVIRUS ECONOMY: HOW MY JOB AS A SOMMELIER HAS CHANGED THROUGH THE PANDEMIC

Subscribe to Fortune's Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business. Over...

 
 
 
Even though I lost 50% of my gigs in March, I'm still convinced that freelancing is more stable than a typical full-time job

EVEN THOUGH I LOST 50% OF MY GIGS IN MARCH, I'M STILL CONVINCED THAT FREELANCING IS MORE STABLE THAN A TYPICAL FULL-TIME JOB

MoMo Productions/Getty Images I've been freelancing for five years, and have focused on building a diverse clientele so that I'll always...

14 surprising and bizarre photos from oilfield workers reveal what crude oil actually looks like when it comes out of the ground

14 SURPRISING AND BIZARRE PHOTOS FROM OILFIELD WORKERS REVEAL WHAT CRUDE OIL ACTUALLY LOOKS LIKE WHEN IT COMES OUT OF THE GROUND

If there's one substance that drives the global economy, it's oil - and oil has had a chaotic couple of months. The coronavirus pandemic...

 
 
 
Millennials came limping out of the Great Recession with massive student debt and crippled finances. Here's what the generation is up against if the coronavirus triggers another recession

MILLENNIALS CAME LIMPING OUT OF THE GREAT RECESSION WITH MASSIVE STUDENT DEBT AND CRIPPLED FINANCES. HERE'S WHAT THE GENERATION IS UP AGAINST IF THE CORONAVIRUS TRIGGERS ANOTHER RECESSION

Getty Images; Samantha Lee/Business Insider The coronavirus pandemic has ignited fears of a global recession. In the week ending March...

US home loan applications drop to the lowest since 2015 as the coronavirus pandemic continues to weigh on the housing market

US HOME LOAN APPLICATIONS DROP TO THE LOWEST SINCE 2015 AS THE CORONAVIRUS PANDEMIC CONTINUES TO WEIGH ON THE HOUSING MARKET

Tom Merton/Getty Images The US home loan purchase index fell 12% in the week ending April 3 to its lowest point since 2015, according...