WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic […]
BRUSSELS (AP) — The European Union is predicting “a recession of historic proportions this year” due to the impact of the coronavirus. It released Wednesday its first official forecast of the damage the disease has […]
WASHINGTON (AP) — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector […]
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