France, Italy Risk Recession in EU Warning on Virus Impact

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France, Italy Risk Recession in EU Warning on Virus Impact

… and financial-market channels,” according to a European Commission briefing note on the economic impact, seen by Bloomberg. “Cascading effects
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Fed Puts Pressure, Chinese Activity, World Bank Help: Eco Day

Here's the latest news and analysis from Bloomberg Economics to help you start the day: The Federal Reserve's decision to slash U.S. interest rates to
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Michael Bloomberg Ends Presidential Bid, Endorses Joe Biden

Michael Bloomberg ended his presidential campaign Wednesday after failing to persuade Democratic voters he was the best choice to defeat
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Private sector added 183000 jobs in February, says ADP

… including 38,000 in professional and business services such as accounting and tax preparation, as well as 9,000 in financial activities like banking.
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Russia Opposes Saudi Plan for Drastic Oil Cuts

Russia on Wednesday opposed a Saudi plan that would ask OPEC and its allies to make drastic crude-production cuts, people familiar with the matter said, as the coronavirus outbreak further erodes demand amid a global oil glut. Saudi Arabia, OPEC’s de …
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