Industrial production plunges unprecedented 11.2% in April
The Federal Reserve said Friday that its industrial production index plunged a record 11.2% in April.
New York manufacturing activity improves in May, but still in contraction
Economists polled by The Wall Street Journal had expected the indicator to be at a lower level of minus 60.0.
Will you get a second coronavirus stimulus check? Everything we know so far
A House bill released earlier this week faces a steep, uphill battle: Senate Republicans have decried the bill as a "liberal wish list"
Retail sales plunge a record 16.4% in April as coronavirus freezes economy
In the two months since the virus paralyzed the economy, more than 33 million Americans have filed for first-time unemployment benefits.
Germany in recession as economy shrinks 2.2% in 1st quarter
Europe's biggest economy went into recession following a small dip at the end of last year
Stock futures turn lower ahead of economic data
Investors will examine data on retail sales and industrial production
Coronavirus likely hammered US retail sales again in April
Retail sales are estimated to have collapsed 12.0% last month
Who is Dallas Fed President Robert Kaplan?
The 63-year-old serves as the president and CEO of the Dallas Fed
Coronavirus pandemic hit poorest Americans the hardest, Fed says
From the beginning of March through early April, 19 percent of adults reported losing a job, being furloughed or having their hours reduced.
Over 2.98M Americans filed for unemployment benefits last week, pushing two-month coronavirus job losses to 36M
The number comes on the heels of the April jobs report, which revealed that in the span of one month, more than 20 million people found themselves out of work.
Stock futures trade lower ahead of next jobless avalanche
Stocks fell in the last session on pessimism about life getting back to normal
US weekly jobless benefits to stay elevated as coronavirus layoffs widen
Another 2.5M claims are expected to have been filed in the past week
Who is Minneapolis Fed President Neel Kashkari?
Kashkari serves as the president of the Federal Reserve Bank of Minneapolis.
Fed's Powell rules out negative interest rates, despite Trump pressure
Powell has pledged that interest rates will remain at the historically low level until the U.S. weathers the outbreak of the virus.
Congress has funneled trillions to coronavirus relief efforts. Where is that money going?
Even with the unprecedented injection of aid, the jobless rate in April hit 14.7 percent, the highest on record since the Great Depression.
Fed's Powell says US economy may need more policy help to avoid 'prolonged recession'
Avoiding a prolonged recession may require additional policy measures, Powell said.
Housing market gains ground as stay-at-home guidelines ease
Mortgage rates rose slightly to 3.43 percent.
Companies start reaping billions in tax breaks to ride out economic slump
The breaks with the biggest impact now are retroactive changes designed to get cash to companies quickly.
Stock futures trade higher following selloff
All 11 sectors of the S&P 500 were lower on Tuesday
UK economy shrinks 5.8% in March
Economists predicting that the second quarter could see British economic output shrink by a quarter, or even more