Avie Schneider

Avie Schneider appears in the following:

'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come

Wednesday, April 29, 2020

The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.

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Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks

Thursday, April 23, 2020

The number of people forced out of work during the coronavirus lockdown keeps soaring. Last week, 4.4 million people filed for jobless benefits, boosting the total since last month to 26 million.

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Record Oil Price Drops Send Stock Markets Diving, Too

Tuesday, April 21, 2020

The Dow fell 631 points a day after oil prices turned negative for the first time ever. The drops are the latest market reactions to the global economic downturn caused by the pandemic.

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10 Years Of Spectacular U.S. Job Growth Nearly Wiped Out In 4 Weeks

Thursday, April 16, 2020

The number of people filing for unemployment climbed by another 5.2 million, as the toll of the nation's economic dive continues to mount. In the past four weeks, 22 million have filed claims.

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Jobs Carnage Mounts: 17 Million File For Unemployment In 3 Weeks

Thursday, April 09, 2020

The number of people seeking jobless benefits shot up again last week, as 6.6 million more of the unemployed filed first-time claims. Much of the economy has shut down, leaving millions out of work.

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Get Money Out To The Economy Quickly, Ex-Treasury Secretary Says

Thursday, April 02, 2020

Henry Paulson, who served during the 2008 financial crisis, says sending money rapidly to people and businesses will be the key to limiting damage to the economy.

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Staggering: Record 10 Million File For Unemployment In 2 Weeks

Thursday, April 02, 2020

The staggering number of people claiming jobless benefits set a new record for the second week in a row. Much of the country has been ordered to stay at home, bringing the economy to a lurching halt.

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The Dow Has Lost Nearly 14% In A Volatile Month

Tuesday, March 31, 2020

The stock market has never seen a month like March, with downs and ups of thousands of points in a day. The Dow has recovered from recent lows, but it has fallen 24% since its record high.

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Macy's Furloughs Most Of Its 130,000 Workers

Monday, March 30, 2020

Citing the pandemic's "heavy toll" on its business, Macy's says it's furloughing the majority of its employees. Its stores have been closed since March 18 and there's no sign when they will reopen.

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Orange Juice Is A Hot Commodity During The Coronavirus

Friday, March 27, 2020

Orange juice is suddenly hot. Frozen concentrate futures have soared 25% in the past month as people looking to boost their vitamin C intake are lifting OJ sales.

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3.3 Million File For Unemployment Claims, Shattering Records

Thursday, March 26, 2020

A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It's nearly five times the levels seen during the Great Recession.

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Dow Jumps A Record 2,100 Points As Stimulus Deal Awaited

Tuesday, March 24, 2020

U.S. stock indexes surged as negotiations continued over a massive stimulus package to help the crippled economy deal with the growing effects of the coronavirus pandemic.

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Stocks Fall Even After The Fed's Latest Move

Monday, March 23, 2020

The Dow Jones Industrial Average and other U.S. stock indexes fell again Monday as central bankers and lawmakers struggled to deal with the coronavirus pandemic's economic damage.

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Dow's Dive Erases All Gains Under Trump

Friday, March 20, 2020

The Dow fell more than 900 points, leaving the index 2.8% lower than when President Trump took office. The drop culminated a staggering week of losses as the coronavirus impact took an economic toll.

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Stock Market Rises For A Change

Thursday, March 19, 2020

U.S. stock indexes finished the day up as investors tried to absorb the latest financial impacts of the coronavirus. The Dow rebounded, rising nearly 200 points a day after its steep plunge.

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Filings For Unemployment Benefits Rise As Coronavirus Hits Job Market

Thursday, March 19, 2020

New claims for jobless benefits climbed 70,000 to 281,000 last week as the coronavirus pandemic shuttered businesses and left people out of work. It was the highest level since September 2017.

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New York Stock Exchange To Shift To All-Electronic Trading

Wednesday, March 18, 2020

"We will proceed in that manner until we can re-open our trading floors to our members," NYSE President Stacey Cunningham said in a statement.

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Dow Dives 6%; NYSE To Close Its Floor, Shift To All-Electronic Trading

Wednesday, March 18, 2020

The Dow plummeted more than 1,300 points after President Trump announced new emergency steps. The New York Stock Exchange said that to protect its employees, it will close its trading floor Monday.

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U.S. Stocks Jump As White House Plans $1 Trillion Stimulus

Tuesday, March 17, 2020

In a rebound from its record plunge, the Dow gained more than 1,000 points as the White House planned a massive stimulus package and the Fed set up a new loan program to boost the economy.

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Here's What's Been Flying Off Store Shelves

Monday, March 16, 2020

Sure, hand sanitizer and spray disinfectant are among the most popular items sought out by panicked shoppers. But they're also buying a lot more oat milk and canned goods, according to Nielsen.

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