Italy has deep economic scars from its COVID-19 lockdown. The European Commission hosts an online pledge drive to help fund a pandemic vaccine. Air France and Norwegian Air have been handed lifelines.
The S&P 500 went up more than 12% in April. Analysts say they expect to see a sales decline of more than 50% for automakers. Amazon’s warning on company spending. Relief efforts for undocumented immigrants.
With May 1 rent due, there are strikes nationally with so many people out of work. Macy’s plans to reopen 68 stores on Monday. An important tax ruling for businesses that got Paycheck Protection Program money. South Africa eases restrictions.
South Africa tries to boost its economy as COVID-19 restrictions have already led to heavy job losses. Pineapple prices have spiked there as more people start home brewing. International Workers’ Day turns virtual.
Roughly 30.3 million people have now filed for jobless aid. How the pandemic is widening inequality. Tesla’s surprise report of profits during the first quarter of 2020. How big banks were temporarily locked out of the Paycheck Protection Program.
The Federal Reserve has now decided to keep interest rates super low, near zero. Oil giant Shell cuts investor dividends for the first time in 80 years. And, game theory for robots — they’re learning economics, too, you know.
France and Spain posted their biggest economic declines in 25 years, while Italy starts its long road to recovery. Will the European Central Bank intervene? A deal between AstraZeneca and Oxford University could see the U.K. produce a COVID-19 vaccine.
The biggest quarterly contraction in the U.S. economy since the 2008 financial crisis. Ford reports first-quarter losses. Surveying the meat industry amid supply chain disruption and demand shock. Pandemic problems for the global flower trade.
