Private employers in the US laid off a record 20.2 million workers last month as a forced shutdown of business to stem the COVID-19 outbreak savaged the economy.US markets fell less than 1 per cent, despite data showing more than 20 million Americans lost their jobs last monthThe Australian dollar fell below 64 US cents on a generally downbeat mood on markets
"One thing for sure is that this pandemic health crisis has produced depression-magnitude job losses, which means this recovery is going to take longer than many are thinking," he said. Rideshare rival Lyft announced a loss of $US398.1 million from sales of $US956 million, which was better than expected.
As digital giants come under fire for misinformation about coronavirus on their platforms, Facebook has announced the first 20 members of its oversight board.The members include Alan Rusbridger, former editor in chief of The Guardian newspaper, former judge Andras Sajo, a European Court of Human Rights vice-president and law professor, and Nicolas Suzor from the Queensland University of Technology.
So even after “depression-magnitude job losses” Trump's stock market is 20% above where Obama left it. Says a lot. SocialismKills
Ease? Oh, you mean prices dropped (again) In the US and then Australian markets
'Those who do not learn from history are condemned to relive it'