‘Never Thought I Would Need It’: Americans Put Pride Aside to Seek Aid

With coronavirus-related job losses, many workers are reluctantly seeking charity and unemployment benefits for the first time in their lives.

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Japanese Large Manufacturers' Sentiment Plunges

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Coronavirus Home Test Hangs In Balance

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Dean & Deluca Files for Bankruptcy Protection From Creditors

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Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States.

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Bond investor Jeffrey Gundlach bets stocks March lows to be surpassed in April

Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in March will be surpassed in April due to uncertainty over the outbreak.

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Stocks under pressure after biggest quarterly drop since 2008

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002.

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Trump warns of up to 240,000 coronavirus deaths

President changes tone on crisis as he tells Americans to prepare for a ‘very, very painful two weeks’

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Coronavirus latest: Russia to send medical supplies to US

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Chinese mask makers use loopholes to speed up regulatory approval

Factories exploit US and EU rules on coronavirus equipment but quality concerns persist

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Taiwan in talks over gift of coronavirus masks to EU

Plan likely to anger China and highlights geopolitical dimension of pandemic

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Former Labor Secretary Robert Reich expects unemployment to surpass levels during the Great Depression

The future of retail in the US: industry trends and market trends

• This is a preview of the new Future of Retail 2020 market research report from our partners at eMarketer.
• eMarketer PRO analyzes the social media industry and provides in-depth analyst reports, proprietary forecasts, customizable charts, and more. 
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Retail sales volume was higher in 2019 than ever before — and it will only continue trending upward as the entire experience becomes more streamlined and frictionless for customers. However, the face of the industry is changing rapidly; Business Insider Intelligence recently reported that in 2019 ecommerce sales surpassed 10% of total retail sales for the first time ever.

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The growing online trend impacts both e-tailers and brick-and-mortar sellers. Because merchants must embrace ecommerce to boost their own growth, the roles of solutions providers like BigCommerce and Shopify, as well as marketplaces like Amazon, could expand further in the coming years, due to their ability to help merchants without the resources to develop their own ecommerce platforms to begin selling online.

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See Also:

• TOP 10 US ECOMMERCE COMPANIES 2020: Walmart and Target Climb Rankings on Click-and-Collect Gains
• The best diaper bags
• 7 charts that show the glaring gap between men's and women's salaries in the US

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More Americans could die from coronavirus than those killed in battle during Civil War, White House projection shows

Associated Press

• President Donald Trump and his leading health advisers dealing with the novel coronavirus pandemic offered some grim statistics for Americans in the weeks ahead.
• Statistical models showed that roughly 100,000 and 240,000 Americans could die from the disease — even if Americans observed the strict social distancing guidelines.
• The forecasted figures are an alarming when put in context with other pandemics and wars.
• Visit Business Insider's homepage for more stories.

President Donald Trump and his leading health advisers dealing with the novel coronavirus pandemic offered some grim statistics for Americans in the weeks ahead.

Statistical models showed that roughly 100,000 and 240,000 Americans could die from the disease — even if Americans observed the strict social distancing guidelines issued by the Centers for Disease Control and Prevention, according to Trump's coronavirus team.

See the rest of the story at Business Insider

See Also:

• Expert advice for mayors and governors to help their towns, cities, and states weather the coronavirus pandemic
• 10 coronavirus symptoms you may not be aware of, from malaise and dizziness to digestive issues
• 'Like warp speed': J&J's top scientist told us how the pharma giant plans to rapidly test a potential coronavirus vaccine and pump out 1 billion doses

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'I will be watching carefully': Elizabeth Warren just put the Treasury Department and Federal Reserve on notice about the $500 billion corporate bailout fund

Associated Press/Jeff Chiu

• Warren sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on Tuesday, pressing them to ensure stimulus money for corporations is responsibly used.
• "I will be watching carefully as you hand out these funds," Warren wrote.
• A battle is brewing among top Democrats and the Trump administration around oversight of a $500 billion corporate lending program.
• Visit Business Insider's homepage for more stories.

Sen. Elizabeth Warren put Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on notice on Tuesday as efforts ramp up to administer a colossal $2 trillion stimulus law.

In a letter sent to both leaders, Warren pressed them to use their sway to ensure money lent to corporations under the recent stimulus package is responsibly used.

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NOW WATCH: The rise and fall of Pan Am

See Also:

• GOP senator calls on Trump to reopen parts of the coronavirus-stricken economy because 'death is an unavoidable part of life'
• The $2 trillion coronavirus rescue package is more than double the size of Obama's stimulus plan — but it may only salvage the economy for a few months
• Trump signs the $2 trillion coronavirus economic relief bill into law, which includes checks for Americans and business loans

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Secretive big data company Palantir is reportedly providing software to help the CDC track the coronavirus pandemic, even as critics slam its work with ICE (AMZN)

Bertrand Guay/Getty Images

• Palantir is providing the CDC with software to help it monitor the spread of COVID-19 and assess how hospitals are dealing with spikes in new cases, Forbes reported Tuesday.
• Palantir's software uses data from hospitals and public health agencies — such as test results, bed capacity, and ventilator supply — to give the CDC insight into where additional resources are needed, according to Forbes.
• The tool resembles one Palantir built for the UK's top health agency and has raised significant privacy concerns, with sources telling Forbes that, while it uses anonymized data currently, personally identifiable information could be used in the future.
• Palantir, a secretive big data company, built has been slammed by critics for using its technology to assist ICE with tracking and deporting immigrants.
• Visit Business Insider's homepage for more stories.

Big data firm Palantir is providing the US Centers for Disease Control and Prevention with software to help it monitor the coronavirus pandemic, Forbes reported Tuesday.

The tool uses data such as lab test results, hospital bed capacity, and ventilator supply, gathered from hospitals and health agencies, to help the CDC assess where the virus is spreading (or could spread to) and how best to allocate limited resources, according to Forbes.

See the rest of the story at Business Insider

NOW WATCH: Jeff Bezos reportedly just spent $165 million on a Beverly Hills estate — here are all the ways the world's richest man makes and spends his money

See Also:

• Did you quit Facebook as part of the #DeleteFacebook movement? Business Insider wants to hear from you
• New York City has opened a human rights probe into Amazon's firing of a warehouse worker who led a strike against the company over coronavirus safety concerns
• Facebook and Twitter blocked videos from Brazilian president Jair Bolsonaro for coronavirus misinformation

SEE ALSO: Amazon, Microsoft, and Palantir will help the UK health service map its coronavirus response, raising privacy worries

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'Bloomberg Markets: The Close' Full Show (3/31/2020)

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Tracking the Path of the Coronavirus Outbreak (Podcast)

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Screening for Previous Virus Infection Could Unlock Work Force

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U.S. Consumer Confidence Plunged in March

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Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve (SPR), as it tries to comply with President Trump's directive to fill the facility to capacity, two industry sources said.

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U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic.

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Trump says he may join Saudi, Russia in talks on oil prices

U.S. President Donald Trump said on Tuesday he would join Saudi Arabia and Russia, if need be, for talks about the sharp fall in oil prices resulting from a price war between the two countries.

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