The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic.
German flagship carrier Lufthansa announced on Thursday that it will ax thousands of jobs amid projections of a bleak future for the global airline industry in the wake of the Covid-19 crisis.
An additional 1.54 million Americans have filed for unemployment benefits in the week ending June 6, according to a report published by the US Labor Department on Thursday.
Oil and gas exploration and production companies are set to be the hardest hit of any sector in 2020, with Fitch Ratings estimating a $1.8 trillion loss by the end of the year.
Global economic systems were built for an era with older technology that counted on growth and inflation, and the only thing now driving growth is easy credit, says the founding CEO of e-commerce company BuildDirect Jeff Booth.
The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic.
Global economic systems were built for an era with older technology that counted on growth and inflation, and the only thing now driving growth is easy credit, says the founding CEO of e-commerce company BuildDirect Jeff Booth.
German flagship carrier Lufthansa announced on Thursday that it will ax thousands of jobs amid projections of a bleak future for the global airline industry in the wake of the Covid-19 crisis.
An additional 1.54 million Americans have filed for unemployment benefits in the week ending June 6, according to a report published by the US Labor Department on Thursday.
Oil and gas exploration and production companies are set to be the hardest hit of any sector in 2020, with Fitch Ratings estimating a $1.8 trillion loss by the end of the year.
So far, the coronavirus is proving to be the cheapest crisis Russia has ever experienced, and despite the huge economic shock the economy has received, Russia Inc is already back in profit.
The National Bureau of Economic Research said this week that the US economy entered a recession in February as the coronavirus struck the nation, ending its longest expansion on record.
India’s industrial machinery sales to Singapore skyrocketed 95 percent in April from a year earlier, to $553 million. Singapore is now India’s leading engineering importer, having replaced the United States.
US aircraft manufacturer Boeing has reported nine orders of its new freighter planes in May and twice as many cancellations, which included a switch of a delivery slot for a 747 freighter for parcel firm UPS.
They are both named after inventor Nikola Tesla. They are both aiming to upend the market of predominantly gasoline and diesel-powered cars and trucks with their zero-emission technologies.
The new sanctions by Washington targeting Russia’s Nord Stream 2 pipeline are “absolutely unacceptable,” Klaus Ernst, chairman of the Bundestag Committee on Economic Affairs and Energy, told RT.
Markets gained this week as more US cities started the reopening process after the coronavirus outbreak. Meanwhile, tensions are still high in the country following nearly two weeks of protests against racial injustice.
The US Federal Reserve has decided to keep rates steady in the midst of the coronavirus devastation. The latest policy update from the Federal Reserve’s Federal Open Market Committee is as expected, with Federal Reserve Chair Jerome Powell...
In this episode of Keiser Report, Max and Stacy discuss the fraction of an economy (down 51% according to the Atlanta Fed) spurring on stock market speculation as bankrupt companies like Hertz soar on retail investors spending ‘free...