• U.S. consumer spending rises moderately in February

    9 days ago - By Reuters

    U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.
    Read more ...

     

  • U.S. not bailing out airlines, Boeing not using federal money: Treasury Secretary

    9 days ago - By Reuters

    U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill set to soon pass the House of Representatives is not an airline bailout and that taxpayers will need to be compenstated for relief given to the companies badly hobbled by the global pandemic.
    Read more ...

     

  • The Coronavirus Pandemic May Be Loosening Links In The Supply Chain

    The Coronavirus Pandemic May Be Loosening Links In The Supply Chain

    9 days ago - By NPR

    Some shippers can't meet unprecedented demand for basic goods. Others are starved for goods from Asia and are facing a drop-off in U.S. factory production.
    Read more ...

     

  • China's 4% GDP Plunge Is Trump's Nightmare

    9 days ago - By Forbes

    Trump's hopes of getting a traumatized economy “opened up” again by the time of the April 12 Easter holiday are due for a Chinese reality check. The U.S. is losing a $14.1 trillion market for American goods.
    Read more ...

     

  • Opposite Sides Of Border Closure: Laredo, Texas, Nuevo Laredo, Mexico

    9 days ago - By NPR

    The U.S. last week closed its borders with Canada and Mexico because of the coronavirus outbreak. At the southern border, the closure is affecting life on both the U.S. and Mexico sides.
    Read more ...

     

  • Corporate America must learn to innovate frugally to get through the coronavirus crisis

    9 days ago - By Fast Company

    The current health crisis in America is an historic opportunity for U.S. firms to unlearn how they practiced innovation for the past 100 years and adopt a frugal innovation style that lets them react faster.
    As hospitals grapple with a shortage of masks and ventilators in their fight against COVID-19, creative solutions are emerging worldwide.
    Read more ...

     

  • Trump Says U.S. And China Working ‘Closely' To Defeat Coronavirus As U.S. Sees Most Cases In The World

    9 days ago - By Forbes

    China's president Xi Jinping pledged China's support to the U.S. in a phone call with Trump, as the U.S. faces becomes the centre of the global pandemic with more than 86,000 cases.
    Read more ...

     

  • ‘Critical moment:' Trump and China's Xi pledge cooperation on coronavirus as U.S. President drops ‘Chinese virus'

    9 days ago - By Fortune

    U.S. President Donald Trump and China's Xi Jinping pledged in a phone call to cooperate in the fight against the coronavirus pandemic , signaling a fresh detente between the two countries after weeks of rising tensions .
    “Just finished a very good conversation with President Xi of China. Discussed in great detail the CoronaVirus that is ravaging large parts of our Planet,” Trump tweeted Friday. “China has been through much & has developed a strong understanding of the Virus. We are working closely together. Much respect!”
    Trump notably refrained from referring to the disease as the...
    Read more ...