The deepening economic slump was underscored by other data on Friday that showed production at industries collapsed last month at its deepest pace in 101 years. The reports, combined with a historic 20.5 million job losses in April, buttressed Federal Reserve Chair Jerome Powell’s warning on Wednesday of an “extended period” of weak growth and stagnant incomes.
Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...
Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce,...
