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Raging pandemic singes U.S. economy and signals darker days ahead

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The record increase in coronavirus cases has darkened the prospects for the U.S. economy heading into the holiday season.


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Where there’s smoke, there’s fire, the old saying goes. And the record surge of coronavirus cases is generating plenty of smoke.

Wall Street
DJIA,
-0.74%

will get more clues next week on how much fire the raging virus is causing — and how much it’s scorching the U.S. economy. Some singeing is already evident.

New jobless claims rose for the first time in five weeks, signaling an increase in…



Source marketwatch.com

U.S. reports nearly 200,000 new cases as more than 1,500 people die daily

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