Sony scaling back PlayStation 5 launch shipments as coronavirus shutdowns drive unemployment

Sony considers scaling back PlayStation 5 launch and shipping up to two million fewer consoles as it fears demand will be lower amid coronavirus pandemic Sony is considering scaling back its plans for the PlayStation 5 launch The company is planning to ship between five million and 6.5 million consoles That would be one to … Read more

New US unemployment claims reach record 6.6 million in a week

The coronavirus outbreak has thrown at least 16.8 million Americans out of work in just three weeks as the coronavirus outbreak continues to tear through the country, bringing the economy to a near standstill.   A record 6.6 million new claims for unemployment benefits were filed last week, according to the latest Labor Department figures released … Read more

New US unemployment claims reach record 6.6 million in a week

Coronavirus leaves at least 10% of the American workforce unemployed in three weeks: 6.6 million file new claims in a week bringing the total out of work to 16 million By Emily Crane For Dailymail.com Published: 13:40 BST, 9 April 2020 | Updated: 14:08 BST, 9 April 2020 At least 10 percent of American workers … Read more

US unemployment claims soar to 6.6million

The number of Americans filing new claims for unemployment benefits last week has shot to a record 6.6 million – as layoffs increased amid the coronavirus pandemic and more states enforced stay-at-home orders.   New claims for unemployment benefits rose to 6.65 million in the week ending March 28, according to figures released by the Department of Labor on … Read more

US unemployment claims soar to 6.6million

The number of Americans filing new claims for unemployment benefits last week has shot to a record 6.6 million – as layoffs increased amid the coronavirus pandemic and more states enforced stay-at-home orders.   New claims for unemployment benefits rose to 6.65 million in the latest week from the 3.3 million the previous week, according to … Read more

Donald Trump says 20 per cent unemployment is ‘an absolute, total, worst case scenario’

Donald Trump said Wednesday that he doesn’t agree with his Treasury secretary that unemployment rates could reach levels as high as 20 per cent. ‘No, well I don’t agree with that. No, I don’t agree,’ he insisted during a White House press briefing on coronavirus Wednesday afternoon. ‘That’s an absolute, total, worst case scenario,’ he … Read more

Trump promises cash, saying ‘money is coming’ as unemployment is predicted to hit 20 per cent

Donald Trump promised Wednesday morning that ‘money will soon be coming’ to relieve those who are unable to work due to the coronavirus crisis. ‘For the people that are now out of work because of the important and necessary containment policies, for instance the shutting down of hotels, bars and restaurants, money will soon be … Read more