The median estimate in a Bloomberg survey of economists called for a 5.1% slump. Incomes declined 2%.
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Ford expects to begin calling back salaried employees who have been working remotely due to the coronavirus pandemic beginning in late-June. The roughly 124,000 white-collar workers are expected to be in the “final group” of employees to return to their …
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(Bloomberg)—Boeing Co. is selling $25 billion of bonds in the largest offering this year, as the company comes off of one of its worst quarter on record with the pandemic upending the global aviation industry. The airplane manufacturer is burning through the …
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ANCHORAGE, Alaska — ConocoPhillips Alaska will cut production on the North Slope by 100,000 barrels a day, or nearly half its total output, beginning in June but no layoffs were anticipated with the reduction, the company announced Thursday.
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The Paycheck Protection Program is in the middle of approving its second round of loans to small business owners affected by the coronavirus pandemic. A combination of unprecedented demand, technological shortfalls, and unclear guidelines have made it …
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