U.S. Stock Futures Rally Following Sharp Selloff

U.S. stock futures rallied, reversing some of this week's selloff, as investors weighed data on the surge of the coronavirus in key states against government programs to shore up the economy. 


 
Steven Mnuchin Says White House Considering Second Round of Stimulus Payments

Treasury Secretary Steven Mnuchin said the administration is weighing getting behind a second round of stimulus payments for Americans as part of an economic relief package Congress is likely to consider next month. 


 
Trump Says Fed's Forecasts Are Too Gloomy

President Trump criticized the Federal Reserve after its chairman, Jerome Powell, said the economy faced a potentially long road to full recovery and that the central bank would provide more support as needed. 


 
U.K. Economy Shrank 20% in April as Lockdown Hit

British output shrank by a fifth in April, a record decline that exposes the cost of nationwide lockdowns on the world's advanced economies. 


 
Denmark Keeps Bond Issuance Target

Denmark's central bank affirmed the country's government bond issuance target for 2020 even as the estimate for central finances for the year has deteriorated since December as a consequence of the coronavirus crisis. 


 
WSJ Survey: U.S. Recovery From Pandemic Shock to Begin by Third Quarter

The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic. 


 
Covid-19 Hospitalizations Surge in Some States

Some U.S. states that were largely spared during the early days of the Covid-19 pandemic are now seeing record admissions. 


 
Net Worth of U.S. Households Dived in First Quarter

The net worth of U.S. households saw a record decline in the first three months of this year as the coronavirus pandemic sent shock waves through the economy and caused equity prices to plummet. 


 
Record U.S. Corn Supply Grows Even Bigger

A strong planting season for U.S. corn is expected to lead to a record-high supply, even as demand for the crop remains muted due to the fallout from the coronavirus pandemic. 


 
More Than 1.5 Million Workers Sought Jobless Benefits Last Week

Though states continue to work through a backlog of claims, new applications for unemployment benefits have trended down since the pandemic triggered a surge in claims at the end of March.