Mostly just Macy’s workers pace the main floor, around the beauty department, on March 17. Source: Lauren Thomas, CNBC Thursday’s spike in weekly jobless claims signals just the start of a crush of layoffs that could more than double the unemployment rate. Unemployment claims filed with the states last week jumped to 281,000 from 211,000 the
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Jerome Powell, chairman of the U.S. Federal Reserve, pauses while speaking during a news conference in Washington, D.C., on Tuesday, March 3, 2020. Andrew Harrer | Bloomberg | Getty Images Just like consumers started a run on toilet paper, companies and institutions all over the world have created a shortage of dollars, as some players
“Theater Closed” signs are posted in front of the AMC Montebello, as the US chain of AMC movie theaters closes for 6 to 12 weeks, On March 17, 2020 in Montebello, California, as the coronavirus (covid-19) epidemic leads to restaurant and school closures and workers working from home in an effort to encourage social distancing.
Markets face more violent swings in the coming week as investors watch out for a rising number of coronavirus cases and new data that could show how the virus is slamming the U.S. economy. The past week was brutal for stock investors with the Dow Jones Industrial Average posting a 17.3% decline, its worst week since
Traders work on the floor of the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images For a market rocked by big volatile moves lower, Friday’s expiration of stock futures and options could add even more wild swings. But the quadruple witching expiration, as it is
Tesla vehicles stand outside of a Brooklyn showroom and service center on August 27, 2018 in New York City. Spencer Platt | Getty Images Check out the companies making headlines after the bell. Crowdstrike — The cybersecurity company’s stock soared 19% in extended trading after the company posted fourth-quarter revenue that exceeded analysts’ expectations. Crowdstrike