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March 29, 2020

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Unemployment

US tops world in virus cases and logs record unemployment

US tops world in virus cases and logs record unemployment

The United States now has more COVID-19 infections than any other country, and a record number of newly unemployed people, as the coronavirus crisis deepens around the world.Hours after his nation reached the grim milestone, President Donald Trump spoke by pho

US tops world in virus cases, overtaking China and Italy

US tops world in virus cases, overtaking China and Italy

The United States on Thursday took the grim title of the country with the most coronavirus infections and reported a record surge in unemployment as world leaders vowed $5 trillion to stave off global economic collapse.More than 500,000 people around the world

Fitch maintains US AAA rating despite coronavirus

Fitch maintains US AAA rating despite coronavirus

Fitch Ratings on Thursday reaffirmed the United States's AAA credit rating, even with the country facing rising unemployment and a looming recession as the coronavirus pandemic exacts its toll."The US sovereign rating is supported by structural strengths tha

US joblessness spikes as virus takes toll on businesses

US joblessness spikes as virus takes toll on businesses

With streets in major cities empty, and shops and restaurants forced to close due to the coronavirus pandemic, there was a record explosion of Americans filing for unemployment benefits.A staggering 3.3 million workers filed claims in the week ending March 21,

Stocks brush aside record US unemployment surge

Stocks brush aside record US unemployment surge

Stocks shot higher Thursday as investors brushed aside a record surge in US unemployment benefit claims, instead focusing on progress toward a massive stimulus plan and a pledge by world leaders for a "united front" in the fight against the coronavirus pande

US emerges as virus hotspot as infections, unemployment soar

US emerges as virus hotspot as infections, unemployment soar

The United States was quickly becoming a new epicenter of the global coronavirus pandemic Thursday as new infections soared and unemployment claims skyrocketed to a historic high.Hospitals increasingly have reported being overwhelmed with COVID-19 cases and 40