Global Chemicals Output Fell Sharply in February

Data collected and tabulated by the American Chemistry Council show that led by a large decline in China due to the COVID-19 coronavirus, global chemicals production fell 2.4% in February, an acceleration from the 0.8% decline in January. Headline global production was off 1.5% year-over-year (Y/Y) on...

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Dallas Fed: Grim Outlook for Oil Industry

Activity in the oil and gas sector declined significantly in first quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey . The business activity index—the survey’s broadest measure of conditions—plunged from -4.2 in the fourth quarter to -50.9 i...

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U.S. Jobless Claims Reach Record High

Shattering the old mark of 695,000 set in October of 1982, a record 3.28 million Americans filed for unemployment benefits this week. The consensus forecast among economists was approximately 1.5 million.

“This was way bigger than we thought and the market’s still moving higher,” Rand...

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Senate, White House Agree to Terms on Stimulus Package

Negotiators representing the White House and Senate agreed to terms early Wednesday morning on a $2 trillion piece of legislation; the largest economic stimulus package in modern U.S. history.

“The deal is set to include a range of far-reaching provisions. Everything from $1,200 government chec...

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