How the coronavirus job cuts played out by sector and demographics
(Reuters) - The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated.
U.S. dairy farmers dump milk as pandemic upends food markets
CHICAGO (Reuters) - Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.
Coronavirus depresses U.S. payrolls, more job losses coming
WASHINGTON (Reuters) - The U.S. economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway.
OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources
DUBAI/MOSCOW (Reuters) - OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
The watchdogs overseeing the $2.3 trillion U.S. bailout
WASHINGTON (Reuters) - Who's watching over the U.S. government's largest bailout in history - the $2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?
Trump says will ask Congress for more small business funds if money runs out
WASHINGTON (Reuters) - U.S. President Donald Trump said on Saturday he would ask Congress for more money to make loans to small businesses struggling with the economic fallout from the coronavirus outbreak if the original $349 billion allocated in a fiscal stimulus bill runs out.
Trump aims to ease U.S. oil industry's cash crunch, no plan to trim output: sources
(Reuters) - U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting it was among their top concerns, according to three sources briefed on the matter.
Brazil's lawmakers pass 'war budget' as coronavirus cases surpass 10,000
SAO PAULO (Reuters) - Brazil's lower house of Congress approved a constitutional amendment for a "war budget" to separate coronavirus-related spending from the government's main budget and shield the economy as the country surpassed 10,000 confirmed cases.
Hungary prepares $30 billion coronavirus package to jump-start economy
BUDAPEST (Reuters) - Hungary is preparing to announce a roughly $30 billion package of measures to help jump-start the economy, a top government official said on Saturday, as the coronavirus outbreak shutters factories and raises the specter of recession.
Starbucks Latin America franchise holder suspends 1,600 jobs in Chile
SANTIAGO (Reuters) - The company that holds the franchise for Starbucks in Chile has suspended the contracts of 90% of its employees in the country, where most cafes are shut as part of efforts to fight the coronavirus epidemic, local media and a union said on Friday.