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US jobless claims to surge again as Covid-19 downturn deepens - business live

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Rolling coverage of the latest economic and financial news, as markets brace for another huge jump in America’s unemployment total

London’s stock market has opened higher, after yesterday’s 3.3% drop. The FTSE is up 25 points, or 0.5%, led by travel stocks such as EasyJet , cruise operator Carnival and British Airways owner IAG .

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winning

That's why the web is being flooded with stupid conspiracy theories (I just lost another friend to this sickness) and the GOP is now pointing at China with the help of the Fox Propaganda Network.

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Oil sinks again as investors fret about economic cost of Covid-19 - business liveRolling coverage of the latest economic and financial news Oil is not good for health bad chelostral Really worried that the current gov don’t have what it takes to reimagine the economy. Does a 35% drop in GDP matter? Debt as 100% of GDP (as forecast by OBR)? Tory economics - we’ll need to tighten our belts But why? Rest of world in same situation. Where has the money gone?
Source: The Guardian - 🏆 84. / 53 Read more »