U.S. consumer prices up just 0.3% in past year after April CPI decline
The collapse in the U.S. economy caused by the coronavirus pandemic triggered the biggest drop in gross domestic product in the first quarter since 2008 in a prelude to an even more massive decline in the spring. GDP, the...The spring is shaping up to post the biggest contraction in U.S. economic growth since the Great Depression in the 1930s, but the first quarter is also likely to be pretty bad.
But they are also starting to think the worst might be over. The ...Consumer sentiment appeared to stabilize toward the end of April after suffering the biggest decline ever, perhaps reflecting the raises hopes of Americans that the economy will improve later in the year after the early on...Orders for durable goods sank 14.4% in March largely because of a decline in demand for big-ticket items such as new cars and trucks as the coronavirus swept across the country.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Latest far-right tactic: Naming names, threatening people who report coronavirus lockdown violationsA far-right group has posted names, email addresses and phone numbers of thousands of people who reported suspected violations of Washington state's stay-at-home order.
Read more »
Former Google CEO Eric Schmidt has cut last ties with Alphabet: reportIt's apparently the end of an era in Silicon Valley, as former Google chief executive and chairman Eric Schmidt has cut his last ties to the tech giant, CNet has reported. Schmidt left his role as a technical adviser to Alphabet Inc. in February, CNet reported Saturday, citing a person familiar with the situation. Schmidt was named CEO of Google in 2001, guiding it through its spectacular 2004 IPO and its years of explosive growth until stepping down in 2011. He served as executive chairman until 2017. Schmidt is currently chairman of a pair of defense-related initiatives, and advises the military on how to upgrade its technology. He has also recently been enlisted by New York Gov. Andrew Cuomo to head a commission tasked with "reimagining" the path of state's recovery after the coronavirus pandemic.
Read more »
Report: Pence Says He’d ‘Certainly Consider’ Bringing Michael Flynn Back Into The Trump AdministrationHis comments come a few days after the Justice Department dropped its case against Trump’s former national security adviser.
Read more »
Report: Durant won't play if NBA resumes seasonBrooklyn Nets star Kevin Durant will not play if the NBA restarts the season, ESPN's Adrian Wojnarowski reported Sunday.
Read more »
States Look to Boost Coronavirus Testing as Some Countries Report Resurgence in CasesState leaders across the U.S. sought to increase testing for the new coronavirus. Meanwhile, three of the Trump administration’s top health-care officials have begun quarantining themselves to various extents.
Read more »
Coronavirus updates: 5,000 deaths in NYC with links unclear to virus, CDC report saysIn touching moment, a student from Abu Dhabi virtually celebrated graduating with a master's degree from University of Michigan—and gave a heartfelt thanks to her teachers and classmates, even though she was thousands of miles away.
Read more »