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MARKETWATCH FRONT PAGE
The coronavirus pandemic destroyed a massive 20.5 million jobs in April, driving the unemployment rate to a post Word War Two high of 14.7% as the United States faced its biggest economic crisis in almost a century. See full story.
The economy can’t really come back until consumers feel safe
Short of a vaccine, Americans won’t be eager to board an airplane, sit in a crowded theatre or pack into a sports stadium. See full story.
Dow futures rise after historic jobs report shows 20.5 million out work, unemployment rate hits 14.7% amid coronavirus
U.S. stock-index futures indicated a sharp gain to start Friday trade, even though the Labor Department, showed that 20.5 million jobs were lost in April, with the unemployment rate rising to 14.7%, underscoring the depth of the impact of the COVID-19 pandemic on the American economy. See full story.
Infectious-disease doctors ask government to explain how it decides who gets Gilead’s remdesivir
Within a week of the Food and Drug Administration authorization of remdesivir as a COVID-19 treatment, clinicians are pushing the Trump administration to clarify how it is selecting which hospitals get access to the drug. See full story.
Hedge fund blames U.S. meat processing ‘oligopoly’ for ‘excessive concentration, reduced competition and…a decline in resilience’
A portfolio manager at one of world’s leading hedge funds has launched an attack against America’s largest meatpacking companies over their alleged part in breaking the U.S. food supply chain. See full story.
MARKETWATCH PERSONAL FINANCE
The process for distributing economic impact payments is far from perfect. See full story.
