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News & Articles By Franz Walker
04/02/2020
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By Franz Walker
Experts warn of more layoffs and more deaths in the wake of the coronavirus
The onslaught brought on by the coronavirus in America has stretched its healthcare system to the limit and ground the economy to a halt. Economic managers are warning that unemployment will continue to increase. Meanwhile, health officials are warning that hundreds of thousands of Americans could die before the end of the year. According to a survey by […]
03/31/2020
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By Franz Walker
One-two punch: Coronavirus, price war send oil prices to 18-year low
The economic slowdown brought about by the global coronavirus pandemic, compounded with the price war between Saudi Arabia and Russia, has sent oil prices into an 18-year low Monday. This was crude-oil future’s biggest percentage drop on record for any month or quarter, according to Dow Jones Market Data analysis, since 1983. Crude oil futures in the U.S. […]
03/27/2020
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By Franz Walker
Coronavirus causes record-breaking 3.2 million Americans to file for unemployment
A total of 3.2 million people filed for unemployment benefits last week as the economic slowdown caused by the coronavirus outbreak forced layoffs around the U.S. last week. The seasonally adjusted total reported by the Department of Labor (DOL) shattered records, surpassing the previous one of 695,000 initial jobless claims in a single week set in 1982. […]
03/13/2020
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By Franz Walker
Coronavirus fears continue to crush the Dow: US stocks suffer worst losses since 1987 market crash
The Dow Jones Industrial Average sank by 10 percent Thursday, the worst one-day drop since the 1987 “Black Monday” market crash which sent the Dow tumbling to more than 22 percent, plunging the index deeper into bear market territory. The slide comes despite efforts from both President Donald Trump and the Federal Reserve to quell investors’ concerns over […]
03/12/2020
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By Franz Walker
Coronavirus sinks Dow into bear market territory, other major indices down 5% – the bear is back with a vengeance
The coronavirus crushed U.S. stock markets anew, with the Dow Jones Industrial Average falling by 5.9 percent by closing bell on Wednesday. The 20.3 percent decline from its most recent high on February 12, 2020, also signals the end of the market’s decade-long bull run. This also marks a bear market, suggesting that investors have changed their view of the […]
03/06/2020
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By Franz Walker
Massive economic disruptions ahead as businesses in Washington state brace for upswing in coronavirus infections
With 51 confirmed coronavirus cases and 10 deaths, King County has been the center of the outbreak in Washington state. Now, county officials are suggesting its over two million residents to work from home in an attempt to reduce the number of infections. “Workplaces should enact measures that allow people who can work from home to do so,” said King […]
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