Oil prices surged again on Friday on the hope that a production cut deal will soon be reached after OPEC and its allies announced they will meet on Monday, and after Russian producers said they are ready for cuts in a bid to stop the price rout, according to …
Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close to the…
People walk on Wall St. outside the New York Stock Exchange, August 7, 2019. This is a live blog. Please check back for updates. 8:37 am: Biggest jobs drop in a decade, US payrolls fall by 701,000 in March U.S. payrolls fell by 701,000 in March, according …
March’s employment report could show the most monthly job losses in a decade, but it’s only a fraction of the real hit to the workforce that came when many states issued stay-at-home orders late in the month. Economists expect a consensus decline of 100,000 …
Check out the companies making headlines after the bell. Tesla The automaker’s stock shot up 16% in extended trading after Tesla reported that it had delivered around 88,400 cars in the first quarter of 2020. The reported numbers included 76,200 combined de…
At around 2:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was sharply lower at 0.5830% while the yield on the 30-year Treasury bond was down at 1.2112%. Risk aversion from investors amid the deepening coronavir…
Economists expect 4 million to 5 million or more workers filed for unemployment claims last week, but there are still millions of claims expected, and layoffs could easily double those in the financial crisis, economists said. There are two key employment re…
Chief Executives from at least seven energy companies are set to meet with President Donald Trump on Friday at the White House to discuss energy policy, according to sources familiar with the matter. The meeting comes as U.S. oil producers struggle to breake…
Companies reduced payrolls by 27,000 in early March before the worst of the coronavirus-induced economic freeze, according to a report Wednesday from ADP and Moody’s Analytics. Actual losses for the month were far worse as indicated by the millions of people…
U.S. government debt prices were higher Wednesday morning as investors continue to monitor the human and economic toll of the coronavirus pandemic.At around 2:15 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lo…
Goldman Sachs has revised its view for how the coronavirus will impact the U.S. economy, seeing a sharper downturn than originally thought followed by an even bigger upturn. Among its expectations are that the unemployment will peak around 15% later this yea…
Take a look at some of the biggest movers in the premarket: Conagra (CAG) The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short, however Conagra said it has seen sig…