Economic Indicators3 hours ago (May 22, 2020 04:45PM ET) BRASILIA (Reuters) – Brazil’s national indebtedness will soar to record levels this year due to the coronavirus crisis, with gross national debt reaching 93.5% of gross domestic product and net debt hitting 67.6% of GDP, the Economy Ministry said on Friday. […]
All 50 U.S. states shed jobs in April: Labor Department
(C) Reuters. FILE PHOTO: FILE PHOTO: The spread of the coronavirus disease (COVID-19), in Fort Smith By Dan Burns (Reuters) – Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to […]
The Promise of Antibody Treatments for Covid-19
“We need vaccines,” immunologist Jacob Glanville says. He knows about combating infections; the fast-talking, curly-haired former Pfizer staff scientist has spent years searching for a universal flu vaccine, and his San Francisco-based startup Distributed Bio spearheads a variety of vaccination projects. As one might expect, his team is working diligently […]
What Is Clubhouse, and Why Does Silicon Valley Care?
Kurt Schrader, the CEO and cofounder of Clubhouse, knew that Clubhouse had become Silicon Valley’s idee fixe when, in early May, his Twitter mentions became flooded with people desperate to get on the app. But Schrader’s Clubhouse, a project management tool, is not the Clubhouse that’s suddenly in demand. That […]
Sundar Pichai Says Google Doesn’t Plan to Go Entirely Remote
Sundar Pichai’s job wasn’t particularly easy before Covid-19. The 47-year-old CEO of Google and its parent company Alphabet (he assumed the latter post from cofounder Larry Page in December 2019) was already dealing with antitrust allegations, employee unrest, and a feeling that as a trillion-dollar behemoth dominating global search and […]
Michigan Led U.S. With Biggest Percentage Drop in April Payrolls
Stock Markets9 hours ago (May 22, 2020 11:09AM ET) (C) Bloomberg. Empty chairs are seen inside a restaurant in Detroit on April 4. Photographer: Emily Elconin /Bloomberg (Bloomberg) — The coronavirus pandemic ripped through the economy with frightening speed, spurring job losses in every U.S. state in April. The largest […]
Income crisis pushes Colombian cities, provinces to seek market funding
Economic Indicators10 hours ago (May 22, 2020 10:30AM ET) (C) Reuters. Outbreak of the coronavirus disease (COVID-19) in Bogota By Nelson Bocanegra BOGOTA (Reuters) – After two months of coronavirus quarantine, Colombian cities and towns are bracing for tax income to dry up and venturing into the relatively unfamiliar territory […]
In the Lockdown Economy, Old Measures of Inflation Get It Wrong
Stock Markets10 hours ago (May 22, 2020 10:09AM ET) (C) Reuters. In the Lockdown Economy, Old Measures of Inflation Get It Wrong (Bloomberg) — Inflation is one of the great question marks of the coronavirus era, with some economists predicting it’s poised to take off and others warning of a […]
Canadian retail sales plunge record 10% in March, led by car sales
Economic Indicators11 hours ago (May 22, 2020 09:35AM ET) (C) Reuters. FILE PHOTO: A woman walks with children past a sales sign on display outside a retail store in Ottawa By Kelsey Johnson OTTAWA (Reuters) – Canadian retail sales plunged a record 10% in March as officials shuttered many non-essential […]
Chile’s central bank says looking at more options to jumpstart economy: minutes
EconomyMay 22, 2020 09:05AM ET (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Santiago By Fabian Cambero SANTIAGO (Reuters) – Chile’s central bank will consider further monetary impulse measures including non-traditional avenues to bolster the economy as the world’s no. 1 copper producer grapples with the impact […]