Strategy

The Economy

May Jobs Report Much Stronger Than Expected

The U.S. unemployment rate fell to 13.3% in May as states reopened.
Credit

ECB Adds $672B to Pandemic Relief Program

“The euro area economy is experiencing an unprecedented contraction," the ECB said as it provided additional stimulus through emergency bond buying.
The Economy

U.S. Factory Orders Tumble 17.2% in April

"While this recession didn't start with a capital spending slump, the weakness in investment spending could take a long time to dissipate."
Growth Strategies

Finance During the Crisis: Five Lessons from CFOs

Boards and management teams, along with CFOs, now see the importance of an adaptable, agile finance function that operates in near-real time.
The Economy

U.S. GDP Contracts 5% in Q1 as Corporate, Consumer Spending Plunge

The coronavirus pandemic triggered 'rapid changes in demand' as governments issued stay-at-home orders.
Credit & Capital

Equipment Finance Borrowings Dip 7% in April

Lenders are suffering from "the effects of the coronavirus pandemic, with volume levels and portfolio quality metrics both falling in tandem."
The Economy

Another 2.4M Workers File First-Time Jobless Claims

"The states may be opening back up, but the labor market is still closed for millions across America."
Strategy

Rolls-Royce to Cut 9,000 Jobs Amid Coronavirus Crisis

Most of the cuts will come in the civil aerospace division, which makes engines for Boeing and Airbus.
The Economy

Households’ Money Problems Started Back in March

About 13% of adults reported that they lost a job or were furloughed in March or the beginning of April this year.
Capital Markets

JD.com Plans to Kickstart Hong Kong IPO

U.S.-listed Chinese firms are increasingly looking toward home.
The Economy

Core Inflation Posts Record 0.4% Drop in April

The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
Strategy

Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption

“CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalize.”
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