Economist

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Universities to Their Alumni Networks: Give Our Grads Jobs

Matthew Garza is graduating from Colby College this month. Like many members of the class of 2020, he doesn’t have a job lined up. But unlike many of his peers, he isn’t too worried.That’s because Colby, a private liberal-arts college in Waterville, Maine, has pledged to find a job, internship or fellowship for every senior…



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More Bad News Expected in Unemployment Numbers: Live Business Updates – The New York Times

Right NowFutures markets predicted a lower opening on Wall Street. ImageMacy’s remained closed in Roseville, Minn., on Tuesday.Credit…Jenn Ackerman for The New York TimesU.S. unemployment claims are expected to approach 40 million, and counting.The coronavirus pandemic has produced a somber Thursday ritual: the tally of unemployment claims across the United States.In its report at 8:30…


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ASX to slide, Dow drops toward close

May 7, 2020 – 5.30amAustralian shares are poised to open lower. Wall Street fluctuated through the session before the Dow and S&P 500 were hit by a late selling wave. The local currency slid below US64¢.ASX futures were down down 57 points or 1.1% to 5339 near 6.15am AEST. The currency slid 0.5%.Wall Street struggled…


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ASX set to slip on renewed US-China tensions

May 4, 2020 – 5.37amAustralian shares are set to open lower as the Trump administration looks for ways to punish China – perhaps with tariffs – for the COVID-19 pandemic as the number of Americans killed by the virus nears 70,000.ASX futures are pointing to a slightly lower open; they are down 7 points or…


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ASX to rise as markets calm after wild week

Apr 27, 2020 – 5.38amAustralian shares are set to open higher as markets calmed after a wild week.ASX futures were up 82 points or 1.6 per cent to 5298. The Australian dollar was up 0.2 per cent to 63.85 US cents.Shane Oliver from AMP Capital says that March quarter CPI inflation data coming up this…


ASX set to open steady after market rally

ASX set to open steady after market rally

Apr 20, 2020 – 5.37amAustralian shares are set to open steady after markets rallied, but there is plenty of economic data to come this week and not all of it is promising.The Reserve Bank of Australia meets on Tuesday to kick off. Shane Oliver of AMP Capital writes that the minutes from the board meeting…



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Coronavirus Crisis Legacy: Mountains of Debt

The full impact of the coronavirus pandemic may take years to play out. But one outcome is already clear: Government, businesses and some households will be loaded with mountains of additional debt. The debt surge is set to shape how governments and the private sector function long after the virus is tamed. Among other things,…


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Mnuchin praises first day of small-business loan program — but applicants call it ‘confusion’ and ‘a scam’ – NBCNews.com

The launch day of the highly touted $350 billion small-business loan program had a stuttering start Friday, from technical issues with bank websites to opaque lending rules that appear to qualify hedge funds to get aid, while some cash-strapped local businesses were shut out.”I know there’s a lot of hard-working small businesses that couldn’t get…