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Economic News
Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries
By Marcelo RochabrunSAO PAULO (Reuters) - Planemaker Embraer (SA:EMBR3) said Tuesday it delivered just five commercial jets in the first…
U.S. joblessness slams Latinos, less educated with brutal force
By Howard SchneiderWASHINGTON (Reuters) - The U.S. economy's record run of job growth and historically low unemployment has been stopped…
Euro zone set for record recession, inflation to vanish: Commission
By Jan StrupczewskiBRUSSELS (Reuters) - The euro zone economy will contract by a record 7.7% this year because of the COVID-19 pandemic…
U.S. insurers want taxpayers to back pandemic coverage for businesses
By Suzanne Barlyn(Reuters) - The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government…
U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says
By Tim AhmannWASHINGTON (Reuters) - The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic…
Coronavirus clouds Intel outlook, despite short-term bump from PC buying
By Stephen Nellis and Munsif Vengattil(Reuters) - Intel Corp (O:INTC) on Thursday forecast second-quarter earnings below Wall Street…
French lockdown still reducing economic activity by 35%: INSEE
PARIS (Reuters) - A country-wide lockdown in France is still reducing economic activity by 35% from normal levels despite a slight pick-up…
Australian retail sales surge in March, might avert first-quarter GDP contraction
By Wayne ColeSYDNEY (Reuters) - Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred…
Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales
(Reuters) - Ford Motor Co (N:F) on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash…
Trump unveils three-stage process for states to end coronavirus shutdown
By Jeff Mason and Steve HollandWASHINGTON (Reuters) - President Donald Trump laid out new guidelines on Thursday for U.S. states to…