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The government said on Wednesday that the US economy had suffered its worst contraction since the last recession. The Federal Reserve chief later said he did not know how severe this slowdown would be or how long it would last. Yet by the end of the day, the S&P 500 stock index had risen 2.7%. …

“We went from 0 to 60 in five seconds,” said Kim Guadagno, Managing Director and President of Fulfill. Hurricane Sandy in 2012 was devastating, she said, but it’s worse because “the need is widespread, with no end in sight.” Last year, before the pandemic, Feeding America, the country’s largest network of food banks, fed 40 …

Shares retreated on Wednesday after other signs accumulated of economic damage from the coronavirus outbreak. Markets have remained stuck between fear and nascent optimism in recent weeks as investors grapple with the length and depth of the looming recession, with change often reversing overnight or even the same day. Economists lowered their forecasts in anticipation …

NEW YORK — Stocks fell on Wednesday after new signs piled up on the economic damage wrought by the coronavirus outbreak. Markets have been caught between fear and budding optimism for the past few weeks as investors try to guess the length and depth of the impending recession, with the switch often flipping overnight or …

The politico-economic structure of the United States, whose commerce and industry are controlled by private owners in search of greater profit, does not have the nature to give due attention to the ordinary people in time, wrote an editor of an analytics website in an article, providing the coronavirus crisis as proof of his claim. …