TGIF

Clean Energy Sector

106K Clean Energy Jobs Evaporate in March

Analysis conducted by BW Research Partnership for the E2 Advocacy Group, found that more than 106,000 jobs in the clean energy sector were lost in March amid the economic shutdown. “What these numbers tell us is that clean energy workers are a huge and important part of America’s workforce – and they are hurting badly,” E2’s executive director Bob Keefe said in a statement. Last week, renewable energy and environmental groups wrote to Congress highlighting…

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Stock Market

Stock Futures Jump Amid Optimistic News

Stock futures kicked off higher on Thursday evening in response to the days positive news of policymakers plans to reopen businesses along with major drug makers showing promise in finding a treatment for COVID-19 patients. Some individual companies have also set plans to restart…

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U.S. Employment

Weekly Jobless Claims Bring Coronavirus Total to Staggering 22 Million Jobs Lost

The ranks of the unemployed grew bigger by the millions last week—new applications for unemployment hit 5.245 million in the week ending April 11, Labor Department data showed Thursday. Economists had forecast around…

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Stock Market

Next 45 Days “Most Critical Period in U.S. Financial History” Says Market Expert Who Profited in 1987 and 2008

The timing and execution of the reopening of the U.S. economy from it’s shut down could be one of the biggest factors in determining how the market recovers from the pandemic, says Alan B. Lancz. The stock market is at a crucial inflection point. “The next 45 days may just become the most critical period in U.S. financial history,” he wrote in a newsletter published Wednesday. “While on average we may face a bear market every 10 years, this one is like no other,” he said. “Even if we execute properly, the recovery…

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Food and Beverage Industry

Miss Those Wonderful Starbucks Aromas? Stores May Reopen Soon

Ah, remember the smell of fresh brewed coffee, muffins and cookies when you walked into a Starbucks? Well, you may get to experience that again soon…The coffee chain’s U.S. stores have been limited to drive-thru service in recent weeks, but on Thursday, CEO Kevin Johnson told employees by letter that the company is exploring plans to reopen. Johnson said the coffeehouse chain has moved to a “monitor and adapt” phase of its response to the pandemic as federal…

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Small Business

Small Business Loan Program Runs Out of Money, No Longer Taking Applications

A highly touted and popular small business relief program ran out of funds on Thursday morning, as billions of dollars in Coronavirus aid remain stuck in congressional limbo. Although Republicans and Democrats agree on the need to replenish the program.

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Stock Market

This Stock Pops 16% After Report Says Coronavirus Drug Trial Shows Encouraging Early Results

A drug company saw their shares popped by more than 16% in after-hours trading Thursday, after details leaked of a closely watched clinical trial of the company’s antiviral drug Remdesivir, showing promising results in treating COVID-19.

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Economy of China

China Economy Shrank by 6.8% in First Quarter

China reported it’s first quarter GDP contracted by 6.8% in 2020 compared to a year ago as the nation dealt with the coronavirus outbreak. This was the country’s first registered decline since…

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