by Troy S. Mason | May 19, 2020 | Business News
Wall Street soared Monday after U.S.-based drugmaker Moderna said it has seen “positive” results from its first human trial for a vaccine against COVID-19, prompting hope among investors that economic recovery could be on the horizon. The Dow Jones Industrial Average was up by around 830 points by midday Monday, with the S&P 500 notching […]
by Troy S. Mason | May 14, 2020 | Business News
BEIJING — For more than a generation, China — boasting the biggest manufacturing sector and the largest workforce in the world — has made economic growth seem easy. Over the last four decades, its economy has grown by an average of 10 percent per year, according to...
by Troy S. Mason | May 14, 2020 | Business News
Wall Street benchmarks closed sharply down on Wednesday, after Federal Reserve Chairman Jerome Powell warned of a longer recession if Congress did not step in with additional fiscal stimulus. The Dow Jones Industrial Average ended the day lower by just over 515...
by Troy S. Mason | Apr 29, 2020 | Business News
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record to an abrupt halt. Gross domestic product, which measures the output of goods and services, sank by 4.8...
by Troy S. Mason | Apr 16, 2020 | Business News
President Donald Trump has repeatedly predicted a quick economic recovery once restrictions put in place to stem the spread of the coronavirus start to ease — a view that a number of economists say is overly optimistic given the devastating effect the pandemic has...
