Global Stock Markets Pull Back After U.S. Rally

Global stock markets largely retreated after a rally in U.S. equities pushed the S&P 500 into positive territory for the year. 


 
Recession in U.S. Began in February, Official Arbiter Says

The U.S. officially entered a recession in February, marking the end of the 128-month expansion that was the longest in records reaching back to 1854. 


 
Fed Makes Terms More Favorable for Main Street Lending Program

The central bank reduces minimum and raises maximum loan limits in an effort to reach more small and midsize businesses. 


 
German Exports Plunge

German exports fell 24% in April, their steepest monthly decline on record, as demand for goods collapsed due to the coronavirus. 


 
UK Retail Sees Cautious Signs of Recovery

British retailers suffered a sales fall of 5.9% last month, marking the second worst decline on record, but a sharp improvement over April. 


 
Why Most Shutdown Insurance Claims Are Likely to Fail

Can small businesses count on insurance checks to replenish their coffers after Covid lockdowns? In most cases, probably not. 


 
Hong Kong Dollar's Surge Spurs HKMA Intervention

The Hong Kong Monetary Authority intervened to defend the local currency's peg to the U.S. dollar, selling the Hong Kong dollar after it hit the strong end of the trading band against the greenback. 


 
Australian Business Conditions, Confidence Improved in May

Australian business conditions and confidence improved in May from April, but still remained deeply negative, reflecting conditions encountered when the country last slid into recession in 1991. 


 
World Bank Sees 5.2% Decline in Global Economy in 2020 From Coronavirus

The global economy is expected to shrink by about 5.2% in 2020 as a result of the coronavirus pandemic, making it one of the four most severe downturns in 150 years, the World Bank said Monday. 


 
Oil Falters as Libyan, U.S. Production Threatens to Mute OPEC Cuts

Crude prices wobbled after a deal by OPEC and its allies to extend production cuts was offset by the prospect of increased output from Libya and U.S. shale producers.