After rolling out trillions of
dollars in support for the U.S. economy during the coronavirus
pandemic, Federal Reserve officials have begun warning of
potentially lasting scars to the workforce and productivity if
the recovery is not handled well.
Some dividend fund managers are
wading back into the shares of battered railroad stocks, energy
companies and other economically sensitive, cyclical names, even
as a host of companies have slashed their payouts.
New York Governor Andrew Cuomo said on
Friday all state schools would stay closed for the rest of the
academic year due to the coronavirus pandemic, even as
hospitalizations and the daily death toll fell to their lowest
levels in more than a month.
Hundreds gathered in Portugal's
capital Lisbon on Friday to celebrate Labour Day, observing
strict social distancing rules in a smaller-than-usual event to
show solidarity with those left jobless due to the coronavirus
JPMorgan Chase & Co said
on Friday that the U.S. Small Business Administration gave it
the green light to make $15 billion in new loans to some 211,000
business customers hurt by the outbreak of the novel