Today is Thursday, April 2 and the big news is that the US weekly jobless claims doubled to 6.6 million and the stock market continues to be volatile due to the increase in unemployment and other economic failings related to the coronavirus pandemic. We are also reading about how restaurants are getting creative as they try to keep business afloat, as well as a few other articles.
The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed over the past two weeks.
The coronavirus outbreak, which sent global markets tumbling in the first quarter, continues to act as a headwind for the market as investors grapple with the ongoing uncertainty around how long the economy will be closed.
Treasury yields fell on Thursday after data showed unemployment claims in the U.S. surged for a second week amid the coronavirus crisis.
The stimulus checks are on their way. If you’re one of the people looking froward to this money as a lifeline, now’s the time to sit down and think about how you’ll use it.
Buy a meal, get a free roll of toilet paper. Restaurants are turning to bundling in-demand consumer products with food and drinks to reach out to their communities even as the future of their businesses is unclear.