A growing number of companies has nixed earnings guidance amid the coronavirus pandemic, and some in the corporate world say they should be dropped permanently.
Gig workers, independent contractors and the self-employed have a more roundabout process to file for unemployment benefits than traditional salaried workers, experts say.
The IHME projections were used by the Trump administration in developing national guidelines to mitigate the outbreak. Now, they are reportedly influencing White House thinking on how and when to "re-open" the country, STAT News reports.
Saudi oil shipments to the U.S. have nearly quadrupled since February to a whopping 1.46 million barrels per day in the first half of April — a level not seen since 2014.
China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago as the coronavirus outbreak seriously impacted the world's second largest economy.
The Wuhan government said total confirmed infections in the city have been revised upwards by 325 to 50,333, while there are now 1,290 more deaths totaling 3,869, Xinhua News Agency reported.
The International Monetary Fund this week downgraded its economic forecast. It now expects the global economy to shrink by 3% this year before growing 5.8% next year.
Michael Cohen, the former personal lawyer and fixer for President Donald Trump, will be released from prison and be allowed to serve the remainder of a three-year sentence due to concerns about the coronavirus