USA 2020 Timeline

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Jan
08
Economy / Jobs / Business

Tesla, Inc.

Tesla, Inc. reports a stock market capitalization of US$88 billion in response to strong performances in the third- and fourth-quarter, surpassing General Motors and Ford Motor Company to become the most valuable automobile company in North America. (Reuters) (Business Insider)

Source: Wikipedia Current Events | Jan 8, 2020
Feb
06
Economy / Jobs / Business

Israeli–Palestinian conflict Two Palestinians are killed and seven others are wounded by Israeli soldiers in the occupied West Bank.

Israeli–Palestinian conflict Two Palestinians are killed and seven others are wounded by Israeli soldiers in the occupied West Bank. In a separate incident, twelve Israeli soldiers are injured in a car-ramming attack by a Palestinian in Jerusalem, while a police officer was shot and wounded in another attack in the city. Airstrikes in the Gaza Strip also occurred. (BBC News)

Source: Wikipedia Current Events | Feb 6, 2020
Feb
06
Economy / Jobs / Business

Two Palestinians are killed and seven others are wounded by Israeli soldiers in the occupied West Bank.

Two Palestinians are killed and seven others are wounded by Israeli soldiers in the occupied West Bank. In a separate incident, twelve Israeli soldiers are injured in a car-ramming attack by a Palestinian in Jerusalem, while a police officer was shot and wounded in another attack in the city. Airstrikes in the Gaza Strip also occurred. (BBC News)

Source: Wikipedia Current Events | Feb 6, 2020
Mar
09
Economy / Jobs / Business

Black Monday, 2020 Russia–Saudi Arabia oil price war Oil prices plummet after Saudi Arabia cut its official selling prices over the weekend.

Black Monday, 2020 Russia–Saudi Arabia oil price war Oil prices plummet after Saudi Arabia cut its official selling prices over the weekend. (CNN) Before markets open, the Dow Jones Industrial Average futures posted a 1,300-point drop due to the coronavirus and a fall in the price of oil. The drop would be the most points the Dow has dropped in a single day. (NBC News) (NBC News) The Dow Jones Industrial Average plummets 1,800 points on opening, 500 points lower than pre-market futures trading. (MSNBC)

Source: Wikipedia Current Events | Mar 9, 2020
Mar
11
Economy / Jobs / Business

Aftermath of Black Monday The Dow Jones Industrial Average plunges 1,400 points and enters a bear market.

Aftermath of Black Monday The Dow Jones Industrial Average plunges 1,400 points and enters a bear market. (Fox News) The bond market falls, in the first time since the financial crisis of 2007–08 that the stock and bond markets moved in the same direction, indicating a massive sell-off of portfolios as investors seek cash. (The New York Times)

Source: Wikipedia Current Events | Mar 11, 2020
Mar
12
Economy / Jobs / Business

Black Thursday, economic impact of the COVID-19 pandemic All three major United States trading indexes fall 7% during early trading, leading to a 15-minute trad

Black Thursday, economic impact of the COVID-19 pandemic All three major United States trading indexes fall 7% during early trading, leading to a 15-minute trading halt. They all closed over 9% down. (Business Insider) The Dow Jones Industrial Average falls by 10%, the largest one-day percentage drop since Black Monday in 1987. (CNBC) Spain's IBEX 35 falls 14%, its worst drop in history in a single day. The UK FTSE falls by 11%, the German DAX and French CAC 40 by 12% and Italy's MIB by 17%. (El Comercio)

Source: Wikipedia Current Events | Mar 12, 2020
Mar
15
Economy / Jobs / Business

COVID-19 pandemic in the United States In an emergency move, less than two weeks after the previous unscheduled intervention, the Fed drops its benchmark rate a

COVID-19 pandemic in the United States In an emergency move, less than two weeks after the previous unscheduled intervention, the Fed drops its benchmark rate a full percentage point. It announces a $700 billion quantitative easing program, sets reserve requirements for thousands of banks to zero and lowers other lending rates. The set of measures appears as its biggest ever in a single day. (CNBC)

Source: Wikipedia Current Events | Mar 15, 2020
Mar
16
Economy / Jobs / Business

COVID-19 pandemic in the United States, 2020 stock market crash Asian markets fall substantially and European markets open with huge losses.

COVID-19 pandemic in the United States, 2020 stock market crash Asian markets fall substantially and European markets open with huge losses. S&P futures fall 5%, triggering a trading halt in response to the Federal Reserve's emergency measures. (ABC News) The Dow closes 2,997 points or 12.9% lower - its largest daily points movement. (AP via Mercury News)

Source: Wikipedia Current Events | Mar 16, 2020
Mar
16
Economy / Jobs / Business

The governors of New York, New Jersey, Connecticut, Michigan, Louisiana, Ohio, Illinois, Massachusetts, and Washington, and mayors of cities in other states, or

The governors of New York, New Jersey, Connecticut, Michigan, Louisiana, Ohio, Illinois, Massachusetts, and Washington, and mayors of cities in other states, order the closure of all bars and restaurants and ban gatherings of 50 or more people in their states or cities in response to the pandemic. (CNBC) (WJBK) (Business Insider)

Source: Wikipedia Current Events | Mar 16, 2020
Mar
18
Economy / Jobs / Business

COVID-19 pandemic in New York, COVID-19 pandemic in Washington COVID-19 cases in Washington exceed 1,000.

COVID-19 pandemic in New York, COVID-19 pandemic in Washington COVID-19 cases in Washington exceed 1,000. (Fox News) The U.S. Navy will deploy a hospital ship to New York City to aid in the response to COVID-19. (Business Insider) A hospital ship will be deployed to the coast of Washington state by the U.S. Navy to assist in the response to COVID-19. (NPR)

Source: Wikipedia Current Events | Mar 18, 2020
Apr
09
Economy / Jobs / Business

Economic impact of the COVID-19 pandemic, 2020 Russia–Saudi Arabia oil price war OPEC+ holds an emergency meeting to try to agree on output cuts due to decrease

Economic impact of the COVID-19 pandemic, 2020 Russia–Saudi Arabia oil price war OPEC+ holds an emergency meeting to try to agree on output cuts due to decreased demand for oil due to the coronavirus pandemic. Russia says it has "no plans to discuss oil markets with the leadership of Saudi Arabia or the U.S. on Thursday". (CNBC)

Source: Wikipedia Current Events | Apr 9, 2020
Apr
19
Economy / Jobs / Business

COVID-19 pandemic COVID-19 pandemic in North America COVID-19 pandemic in the United States COVID-19 pandemic in New York New York Governor Andrew Cuomo announc

COVID-19 pandemic COVID-19 pandemic in North America COVID-19 pandemic in the United States COVID-19 pandemic in New York New York Governor Andrew Cuomo announces that the state will begin testing residents for COVID-19 antibodies as the state plans to reopen the economy. (Politico) COVID-19 pandemic in California, Impact of the COVID-19 pandemic on prisons California reports the first prison inmate death from complications related to COVID-19. (Los Angeles Times)

Source: Wikipedia Current Events | Apr 19, 2020
Apr
20
Economy / Jobs / Business

COVID-19 pandemic in the United States World oil market chronology from 2003 U.S.

COVID-19 pandemic in the United States World oil market chronology from 2003 U.S. oil prices for May contract settle at an all-time low, finishing down over 300% to −$37.63 per barrel. (Market Watch) Impact of the COVID-19 pandemic on aviation United Airlines reports a $2.1 billion loss in the first quarter of this year, blaming restrictions on the aviation industry due to the coronavirus pandemic. (CNBC)

Source: Wikipedia Current Events | Apr 20, 2020
Apr
27
Economy / Jobs / Business

Economic impact of the COVID-19 pandemic, Coronavirus recession Offshore drilling contractor Diamond Offshore Drilling files for bankruptcy due to the oil price

Economic impact of the COVID-19 pandemic, Coronavirus recession Offshore drilling contractor Diamond Offshore Drilling files for bankruptcy due to the oil price collapse, following the reduction in oil demand during the global coronavirus pandemic. (The Wall Street Journal) Impact of the COVID-19 pandemic on aviation Delta Air Lines announces it is suspending flights to several small-hub airports after losing $534 million in the first quarter of this year due to aviation restrictions caused by the coronavirus pandemic. (MLive.com)

Source: Wikipedia Current Events | Apr 27, 2020
May
12
Economy / Jobs / Business

Israeli–Palestinian conflict An Israel Defense Forces soldier dies after being struck on the head by a thrown stone in the West Bank town of Ya'bad.

Israeli–Palestinian conflict An Israel Defense Forces soldier dies after being struck on the head by a thrown stone in the West Bank town of Ya'bad. The military is seeking a suspect. In a separate incident, Israeli police in Kalandia shoot and wound a Palestinian man attempting to stab officers. (Reuters)

Source: Wikipedia Current Events | May 12, 2020
May
22
Economy / Jobs / Business

Economic impact of the COVID-19 pandemic, Coronavirus recession Europe's largest coach operator Shearings collapses into administration with 2,460 immediate job

Economic impact of the COVID-19 pandemic, Coronavirus recession Europe's largest coach operator Shearings collapses into administration with 2,460 immediate job losses and thousands of holidays cancelled. (The Guardian) American car rental company Hertz files for Chapter 11 bankruptcy due to accumulating nearly $19 billion in debt. (CBC News)

Source: Wikipedia Current Events | May 22, 2020
Jul
13
Economy / Jobs / Business

COVID-19 pandemic in the United States COVID-19 pandemic in California California Governor Gavin Newsom orders further restrictions and prohibitions on indoor a

COVID-19 pandemic in the United States COVID-19 pandemic in California California Governor Gavin Newsom orders further restrictions and prohibitions on indoor activities, building on previous orders. California has seen a sustained rise in COVID-19 cases in recent weeks, resulting in the state pausing and rolling back some reopening plans. (CNBC) COVID-19 pandemic in Michigan Michigan begins tighter restrictions on public face mask usage, including $500 fines for refusal to wear one and the potential loss of business licenses for failure to enforce their usage. (MLive.com)

Source: Wikipedia Current Events | Jul 13, 2020
Jul
27
Economy / Jobs / Business

Economic impact of the COVID-19 pandemic The price of gold hits a record high of US$1,944 per ounce as uncertainty over the global economy grows due to a resurg

Economic impact of the COVID-19 pandemic The price of gold hits a record high of US$1,944 per ounce as uncertainty over the global economy grows due to a resurgence in COVID-19 cases. The previous record was set in 2011 when prices hit US$1,921 per ounce. (CNN)

Source: Wikipedia Current Events | Jul 27, 2020
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