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July 13, 2020
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CNBC Business

Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%

CNBC
CNBC – For more and to sign up click here Even when the Great Recession dampened consumer confidence and drove up unemployment things weren’t as bad for retailers as they have been during the current Covid-19 crisis, according to a new analysis from Retail Metrics. Days after the World Health......
BBC - Business

Eurozone recession ‘will be deeper than forecast’

BBC
https://www.bbc.co.uk/news/business-53319935 Image copyright AFP The eurozone economy will sink deeper into recession than previously thought due to the effects of the pandemic, the European Commission (EC) has said. The bloc will contract a record 8.7% this year before growing 6.1% in 2021. It compares with the EC’s May forecast of......
CNBC Business

Afraid of investing during a recession? Here are some lower-risk market bets so you don’t just sit in cash

CNBC
CNBC – For more and to sign up click here Ovchynnikov Igor | Hemera | Getty Images Plus When unemployment is high, markets are volatile, and the economy is in a recession, you can be forgiven for wanting to stuff all your money under a mattress. Smart investors know, however,......
CBS US News

Who would get a second stimulus check — and who wouldn’t?

CBS News
CBS News – For more and to sign up click here A recent Census Bureau survey shows that nearly half of U.S. households have taken a painful hit to their pocketbook during the steep recession caused by the coronavirus pandemic, spurring calls for the federal government to offer Americans more direct financial assistance.......
CNBC Business

Recession and recovery stocks are working, but the trend is not sustainable, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Wall Street players are divided between two investment themes as investors try to gauge which way the coronavirus response and economic recovery is headed, CNBC’s Jim Cramer said Monday. The optimistic and pessimistic investors are placing opposite bets in the......
Food Business News

Innovation lessons from the Great Recession

FoodBusinessNews
CHICAGO — Lessons from the 2008 recession may help companies shape their innovation strategy in the wake of the coronavirus (COVID-19) pandemic. Key themes that emerged during the Great Recession include premiumization, larger pack sizes and brand expandability, according to data from Information Resources Inc. (IRI)’s 2008-2010 New Product Pacesetter......
BBC - Business

Why a recession can be a good time to start a business

BBC
https://www.bbc.co.uk/news/business-53075485 Image copyright Getty Images Image caption GM went on to become a global car industry giant What do General Motors, Burger King, CNN, Uber and Airbnb all have in common? The were all founded during economic downturns. GM launched in 1908, when the US economy was in turmoil after......
CNBC Business

TikTok for financial advice? Young people are turning to the video app for tips to weather the recession

CNBC
CNBC – For more and to sign up click here An AFP collaborator poses for a picture using the smart phone application TikTok on December 14, 2018 in Paris. – TikTok, is a Chinese short-form video-sharing app, which has proved wildly popular this year. (Photo by – / AFP) (Photo......
Reuters - Business

U.S. inflation subdued with economy in recession

Reuters
WASHINGTON (Reuters) – U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid a recession caused by the COVID-19 pandemic. FILE PHOTO: A shopkeeper works inside his retail store as the phase one reopening of......
CNBC Business

The U.S. is in a recession but the stock market marches higher. Here’s why there’s a disconnect

CNBC
CNBC – For more and to sign up click here An entrance to the New York Stock Exchange (NYSE) in New York. Photographer: Michael Nagle/Bloomberg via Getty Images Great Depression-era levels of unemployment. An economy in downward spiral. More than 100,000 dead from a killer virus. A nation in upheaval......
CNBC Business

The U.S. is officially in a recession. Will it actually become a depression?

CNBC
CNBC – For more and to sign up click here A shuttered J. Crew store in New York. The apparel purveyor filed for bankruptcy in May, one of the first major retail casualties of the pandemic. Bryan Thomas/Getty Images The U.S. is officially in a recession.  With unemployment at levels......
New York Times - World

New Zealand, BTS Fans, Global Recession: Your Tuesday Briefing

New York Times
New York Times – For more and to sign up click here (Want to get this briefing by email? Here’s the sign-up.) Good morning. We’re covering why the protests in the U.S. feel different this time, a historic contraction in the global economy and what New Zealand is doing as......
Reuters - Business

Nasdaq hits record high as U.S. recession becomes official

Reuters
(Reuters) – Surging technology and communications stocks have put the Nasdaq on the cusp of confirming that it is in a new bull market just 16 weeks after coronavirus fears smashed stocks and threw the U.S. economy into recession. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market......
BBC - Business

Pandemic pushes US into official recession

BBC
https://www.bbc.co.uk/news/business-52972901 Image copyright Getty Images The economic downturn in the US triggered by the pandemic has been officially declared a recession. The National Bureau of Economic Research made the designation on Tuesday, citing the scale and severity of the current contraction. It said activity and employment hit a “clear” and......
Reuters - Business

It’s official: U.S. economy entered recession in February

Reuters
(Reuters) – The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday. FILE PHOTO: A pedestrian walks on an empty street......
CNBC Business

The U.S. entered a recession in February, according to the official economic arbiter

CNBC
CNBC – For more and to sign up click here New Jersey First Lady Tammy Murphy hands out bags containing meals, face masks and other personal protective supplies to residents in need outside the NAN Newark Tech World during the outbreak of the coronavirus disease (COVID-19) in Newark, New Jersey,......
CNBC Business

‘The Covid-19 recession is over,’ says economist Zandi as May job losses not as bad as feared

CNBC
CNBC – For more and to sign up click here A waiter wearing a mask and gloves delivers food to a table to customers seated at an outdoor patio at a Mexican restaurant in Washington, DC, May 29, 2020. Saul Loeb | AFP | Getty Images Finding good news in......
BBC - Business

Australia set for first recession in three decades

BBC
https://www.bbc.co.uk/news/business-52901560 Image copyright Getty Images Australia is set for its first recession in 29 years as the country feels the impact of the virus pandemic. Official figures show that the economy shrank by 0.3% in the first three months of the year, amid bushfires and the early stages of the......
CNBC Business

Europe could target Silicon Valley with taxes to help it rebound from the coronavirus-fueled recession

CNBC
CNBC – For more and to sign up click here The EU flags are seen in front of the Berlaymont, the EU Commission headquarter on May 19, 2020, in Brussels, Belgium. Thierry Monasse Tech giants could be forced to pay higher taxes in Europe as governments search for new revenue to......

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