Economic Indicators20 hours ago (Apr 16, 2020 02:16PM ET) 2/2 (C) Reuters. General view of empty Saint Mark’s Square as the spread of the coronavirus disease (COVID-19) continues, ahead of Earth Day in Venice 2/2 By Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit will be near 10% of gross […]
The Influencer Economy Hurtles Toward Its First Recession
The first signs of distress came not with panic, but positivity. “Hope you all are feeling safe and at peace hunkered down with your family,” one influencer wrote, paired with a selfie featuring her adorable children in pajamas. Another posted a photo of her “mini oasis,” a selection of well-kempt […]
UK delays consultation on reform to flawed inflation measure
Economic Indicators20 hours ago (Apr 16, 2020 01:50PM ET) (C) Reuters. Digital coronavirus outbreak presser in London LONDON (Reuters) – Britain’s government will delay until August a consultation to decide when it should fix a flawed measure of inflation, the retail price index, finance minister Rishi Sunak said in a […]
These Ferrofluid Sculptures Will Melt Your Mind
In the early 1960s, a NASA engineer by the name of Steve Papell dreamed up a career for modern-day artist Eric Mesple. Well, at least not directly. Papell was trying to figure out how to move fuel around an engine in zero gravity, and hit upon the idea of a […]
Fed’s Kaplan says open to doing more, but ‘moral hazard’ a concern
Economic Indicators21 hours ago (Apr 16, 2020 01:25PM ET) (C) Reuters. Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco SAN FRANCISCO (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said Thursday he is “open minded about what else we need to do” […]
OECD’s Gurria says global economy probably in contraction
Economic Indicators10 hours ago (Apr 16, 2020 11:10AM ET) (C) Reuters. OECD’s Secretary General Gurria attends news conference at Chancellery in Berlin PARIS (Reuters) – The impact of the coronavirus outbreak is making economic forecasting highly uncertain, though the global economy is probably in contraction, OECD chief Angel Gurria said […]
Measures to control coronavirus weigh on U.S. homebuilding
Coronavirus11 hours ago (Apr 16, 2020 10:10AM ET) (C) Reuters. Construction on a home is idle amid concerns related to coronavirus disease WASHINGTON (Reuters) – U.S. homebuilding fell by the most in 36 years in March amid a broad decline in activity, offering further evidence that the economy was buckling […]
Canadian manufacturing sales edge up 0.5% in February despite rail blockades, COVID-19
Coronavirus11 hours ago (Apr 16, 2020 09:55AM ET) (C) Reuters. Workers are seen at Bri-Steel Manufacturing, a manufacturer and distributer of large diameter seamless steel pipes, in Edmonton By Kelsey Johnson OTTAWA (Reuters) – Canadian factory sales rose by a surprise 0.5% in February, following five months of declines, even […]
The Complete History And Future of Robots
Modern robots are not unlike toddlers: It’s hilarious to watch them fall over, but deep down we know that if we laugh too hard, they might develop a complex and grow up to start World War III. None of humanity’s creations inspires such a confusing mix of awe, admiration, and […]
Canada sheds 177,300 jobs in March as coronavirus rips through economy
Coronavirus12 hours ago (Apr 16, 2020 08:55AM ET) (C) Reuters. TORONTO (Reuters) – Canada lost 177,300 jobs in March, including sharp declines in trade, transportation and utilities as well as leisure and hospitality, as the coronavirus outbreak hurt the economy, a report from payroll services provider ADP (NASDAQ:ADP) showed on […]