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
Uber, Lyft would owe California $413M in unemployment taxes if drivers were treated like employees, report says
But taxpayers across the country will be covering the cost of their unemployment insurance.
Fauci: Reopening too soon could 'turn the clock back' on economic recovery
Dr. Anthony Fauci said he is concerned that cities or states may disregard federal guidelines about when it is safe to roll back mitigation efforts.
What happens to your unemployment benefits if you refuse to go back to work?
The enhanced benefits still mean that roughly half of American workers stand to earn more on unemployment than they did at their jobs.
What is the Federal Reserve’s balance sheet?
The Fed's balance sheet has become one of its most potent tools in addressing economic fallout from the coronavirus
US consumers' expectations deteriorate 'sharply' in April, Fed says
The survey is a monthly poll based on a rotating panel of 1,300 households.