Economics News Results

  • U.S. job openings fall; coronavirus shutdowns seen causing further declines

    * Job openings fall 130,000 to 6.9 million in February. * Small business confidence posts record drop in March. By Lucia Mutikani. U.S. job openings fell in February, suggesting the labor market was losing momentum even before stringent measures to control the novel coronavirus outbreak shuttered businesses, throwing millions out of work.

  • UK-wide coronavirus death toll increases by 786 to 6,159

    The United Kingdom coronavirus death toll rose by 786 to 6,159 people as of 1600 GMT on April 6, the health ministry said on Tuesday. As of 0800 GMT on Tuesday, 213,181 people had been tested of which 55,242 were positive, up from 51,608 on Monday, the Department of Health and Social Care said.

  • Tax Compliance Costs 67% Higher for Small Businesses

    WASHINGTON, April 7, 2020  Small business owners are growing more pessimistic about taxes, and report little impact from the 2017 Tax Cuts and Jobs Act, according to data gathered by SCORE, mentors to America's small businesses.

  • U.S. job openings fall in February, hiring steady

    U.S. job openings fell in February, suggesting the labor market was losing momentum even before stringent measures to control the coronavirus outbreak shuttered businesses, throwing millions out of work. Job openings, a measure of labor demand, decreased 130,000 to 6.9 million, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS.

  • Canada's Ivey PMI plunges more than expected in March

    Canadian economic activity contracted at a pace that was much weaker than expected in March, Ivey Purchasing Managers Index data showed on Tuesday, in the latest sign of the damage to the economy from the coronavirus pandemic.

  • Consumer Sentiment Expected to Fall to 75.0 -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 1500 Consumer Credit Feb+ $14.0 B+ $12.02 B Thursday 0830 Jobless Claims Apr 4 5000 K 6648 K 0830 Producer Price Index Mar -0.4% -0.6%-- ex food& energy Mar +0.0% -0.3%-- ex food, energy, trade Mar -0.1% -0.1% 1000 Consumer Sentiment Apr 75.0 89.1* 1000 Wholesale Inventories Feb...

  • SEC's Clayton Says Companies Should Disclose Need for Bailout Funds

    WASHINGTON--Public companies should disclose to shareholders whether they plan to tap coronavirus-related bailout funds from the federal government, the nation's top securities regulator said Tuesday. Speaking on CNBC, Securities and Exchange Commission Chairman Jay Clayton said investors are "thirsting for information" about how the pandemic has affected companies' earnings power and their need for capital. The roughly $2 trillion aid package passed by Congress last...

  • Turkish central bank purchased around $742 million government debt on Tuesday

    Turkey's central bank purchased around a nominal 5 billion lira of government debt from the country's Unemployment Insurance Fund via primary dealers on Tuesday, two bankers told Reuters. Last week the bank bought about 9.3 billion lira in government bonds in the secondary market, including 5 billion from the unemployment fund.

  • A Season of Trouble for the Economy

    Spring is supposed to be the season of renewal, not just in nature but for many businesses. That will make the blow to the economy from the novel coronavirus crisis even heavier. Economic data often give the impression that U.S. business is a steadily moving thing, but that isn't entirely the case.

  • Brazil's retail sales post pre-coronavirus surge in February

    Retail sales in Brazil surged in February, recording their biggest rise for that month in six years, with consumers' urge to spend yet to be affected by the looming coronavirus crisis, official figures showed on Tuesday.

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