Economic Indicators4 hours ago (May 08, 2020 07:20PM ET) By Ann Saphir (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said the U.S. government should funnel aid to those who need it most so that its funds can last the one to two years it will take […]
Colombia’s easing of lockdown could get 70% of economy back to work: minister
(C) Reuters. Colombia’s Minister of Commerce, Industry and Tourism, Jose Manuel Restrepo, speaks during an interview with Reuters in Bogota By Nelson Bocanegra BOGOTA (Reuters) – New exceptions to Colombia’s two-month coronavirus quarantine will revive between 60% and 70% of economic activity, Commerce Minister Jose Manuel Restrepo said on Friday, […]
Which Oil ETF Should You Use?
Some of us with more of a stomach for risk are considering betting on oil’s recovery as production gets shut in and the economy gradually reopens. After all, a couple of weeks ago prices crashed and the front-month WTI futures contract went negative for the first time in history. In […]
The Year the Internet Thought I Was MacKenzie Bezos
I reached out to Google’s press email three times to try to get my problem fixed, starting in November of last year. In February, feeling desperate, I asked if there was anything WIRED could do to make it stop. “Once again I’m experiencing this problem with Mackenzie Bezos, I’ve received […]
U.S. jobless rate likely much higher than 14.7%, Labor Department says
Economic Indicators11 hours ago (May 08, 2020 11:55AM ET) SAN FRANCISCO (Reuters) – Millions of U.S. residents were counted as employed in April despite having no job, suggesting April’s true unemployment rate was closer to 20%, much higher than the official 14.7% reported, the Labor Department said Friday. The jobless […]
Canada loses record 2 million jobs; temporary layoffs hide extent of damage
Economic Indicators12 hours ago (May 08, 2020 11:35AM ET) (C) Reuters. A woman walks past a “Help wanted” sign at a retail store in Ottawa By Kelsey Johnson OTTAWA (Reuters) – Canada lost a record-breaking 2 million jobs in April while the unemployment rate surged to a near-record high 13%, […]
Exclusive: Brazil asks mint to work overtime as currency shortage looms
By Carolina Mandl and Marcela Ayres SAO PAULO/BRASILIA (Reuters) – Brazil is running short of hard currency needed to pay funds aimed at helping people impoverished by the coronavirus crisis, according to two sources and a document reviewed by Reuters, the latest blow to the country’s troubled stimulus program. Cash […]
Share of Unemployed on Temporary Layoff in U.S. Soars to Record
Forex14 hours ago (May 08, 2020 09:27AM ET) (C) Reuters. Share of Unemployed on Temporary Layoff in U.S. Soars to Record (Bloomberg) — The April jobs report was breathtakingly awful, but the figures also included a hopeful sign for U.S. workers once the economy begins re-opening from its pandemic-induced shutdown. […]
Brazil Consumer Prices Fall the Most Since 1998 Amid Virus Rout
Stock Markets14 hours ago (May 08, 2020 09:00AM ET) (C) Reuters. Brazil Consumer Prices Fall the Most Since 1998 Amid Virus Rout (Bloomberg) — Brazil’s consumer prices in April tumbled the most in nearly 22 years on the back of plunging transportation costs, validating this week’s larger-than-expected interest rate cut. […]
We Asked for Flying Cars. We Got Axl Rose’s Twitter Spat
In a classic doofus misstep, Mnuchin punctuated his tweet with a flag emoji apparently intended to display his patriotism. But he chose the flag of Liberia, which, in fairness, is similar to Betsy Ross’ original work. He quickly deleted and reposted, but by then his original had been seen and […]