Retail sales during the month of March plunged a record 8.7%, marking the largest one-month decline since the Commerce Department began tracking the series in 1992.
Manufacturing in the New York area also slumped by its biggest margin ever to a historic low, surpassing the levels seen in the throes of the Great Recession. "This points to a very severe recession because this is just the beginning of a series,"
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what happened to the stock market on TuesdayStocks got a boost as investors cheered the apparent progress on the coronavirus front. Such a joke... lookout cause this ain’t gonna last people.. can the money printer switch to making masks?
Source: CNBC - 🏆 12. / 72 Read more »
Stock-market bull warns investors not to ‘chase the rally’ as ‘epic battle’ between Fed and coronavirus unfoldsCanaccord Genuity chief market strategist is no stranger to bullish stock-market calls, but after a remarkable run for U.S. stocks over the past few weeks,... Gold is terribly dealing with bears. I doubt they even venture it 1st this is NOT a typical “bear market.(Panic) 2nd the market has not reflected the working class economy for decades (faux relief) 3rd the global pandemic is making money for Insiders (rally) 4th Taxpayers bail out banks & corporation already paying net $ 0% (frustration) Main Street America experiences massive loss of income,feels pain & uncertainty, and gets a tiny Congress stimulus (basically a good’ol “addaboy,hang in there”). Wall Street America experiences massive wealth protection, feels euphoria & confidence, and gets a Huge Fed Bailout.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market news: Live updates on the Dow, S&P 500, companies and more - CNNUS stocks set to open lower as investors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today: CNN is a joke Well
Source: cnnbrk - 🏆 393. / 55 Read more »