Economic Outlook

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
KNSS News
April 29, 2020 - 3:49 pm
Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. The upswell of hope was so strong that investors completely sidestepped a report showing the outbreak drove the U.S. economy to its worst quarterly performance...
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Mohammad Ikram closes a large door to his business Hot Stop, fully stocked but closed during the coronavirus pandemic, on the boardwalk in Atlantic City, N.J., Tuesday, April 28, 2020. (AP Photo/Matt Rourke)
April 29, 2020 - 12:30 pm
WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the...
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President Donald Trump signs a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. Sen. Roy Blunt, R-Mo., left, and Jovita Carranza, administrator of the Small Business Administration look on. (AP Photo/Evan Vucci)
April 24, 2020 - 4:09 pm
WASHINGTON (AP) — Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end. One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls...
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A masked worker at this state WIN job center in Pearl, Miss., holds an unemployment benefit application form as she waits for a client, Tuesday, April 21, 2020. The job centers lobbies are closed statewide to prevent the spread of COVID-19. However the continuing growth of unemployment demands and now additional assistance for self-employed, church employees, gig workers, and others who were previously ineligible for unemployment assistance has drawn some people to the centers for information and to obtain and submit unemployment benefit applications. (AP Photo/Rogelio V. Solis)
April 23, 2020 - 8:29 am
WASHINGTON (AP) — More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday. Roughly 26 million people have now filed for jobless aid in the five weeks since the...
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A man walks along an empty street in downtown Barcelona, Spain, Monday, April 20, 2020 as the lockdown to combat the spread of coronavirus continues. (AP Photo/Emilio Morenatti)
April 23, 2020 - 6:21 am
LONDON (AP) — European economies are heading for an unprecedented recession as a result of the lockdown measures put in place by governments to get a grip on the coronavirus pandemic, closely watched surveys indicated Thursday. The scale of the decline in business activity recorded in monthly...
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A man wearing a mask against the spread of the new coronavirus walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 23, 2020. Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. (AP Photo/Eugene Hoshiko)
April 22, 2020 - 10:55 pm
TOKYO (AP) — Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. Japan's benchmark Nikkei 225 added 1.2% to 19,370.42 in morning trading, while South Korea’s Kospi rose 06% to 1,907.92. Australia’s S&P/ASX 200...
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FILE - In this Monday, June 24, 2019, file photo, a CSX freight train rolls past downtown Pittsburgh. CSX Corp. said Wednesday, April 22, 2020, its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. (AP Photo/Gene J. Puskar, File)
April 22, 2020 - 5:52 pm
OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. The Jacksonville, Florida- based company said it earned $770 million, or $1 per...
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In this Tuesday April 21, 2020 photograph, Laury Hammel, CEO and founder of the Longfellow Health Clubs and the Salt Lake Tennis and Health Club, poses at the Wayland, Mass. facility, closed due state COVID-19 restrictions. Small businesses, who get government relief money are expected to rehire workers, are unsure when the business will reopen and how it will operate. (AP Photo/Charles Krupa)
April 22, 2020 - 9:45 am
WASHINGTON (AP) — Some small businesses that obtained a highly-coveted government loan say they won’t be able to use it to bring all their laid-off workers back, even though that is what the program was designed to do. The Paycheck Protection Program promises a business owner loan forgiveness if...
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This July 8, 2019, photo, shows cars to be exported at Kawasaki port, near of Tokyo. Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. The Finance Ministry said Monday, April 20, 2020 that exports to the U.S. fell 16.5% in March from a year earlier, while those to China declined 8.7%. (AP Photo/Koji Sasahara)
April 20, 2020 - 5:48 am
TOKYO (AP) — Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. and China, generally its two biggest markets. The Finance Ministry said Monday that exports to the U.S. fell 16.5% in March from a year earlier, while those to China declined 8.7%. Trade...
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FILE - This Tuesday, July 2, 2019 file photo shows Eagle Butte mine in in Gillette, Wyo., following the closure of the Blackjewel mines.The coal industry was already hurting before the coronavirus. The pandemic has made things a lot worse. Production is down along with electricity demand, with office and school lights off across the nation. (Josh Galemore/The Casper Star-Tribune via AP, File)
April 19, 2020 - 10:54 am
CHEYENNE, Wyo. (AP) — Travis Deti has been working the phones to try to get government support for the U.S. coal industry during the coronavirus pandemic. Between recent calls, the head of the Wyoming Mining Association tried to unclog a sink at home. But unlike Deti’s sink, which eventually...
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