US GDP Decreased 4.8% in the First Quarter of 2020
Washington, DC--Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020, according to the "advance" estimate...
U.S. Unemployment Claims Surge by 5.25 Million
Washington, DC--According to the Department of Labor, in the week ending April 11, the advance figure for seasonally adjusted initial claims was 5,245,000, a...
Orange County Consumer Sentiment Plunges 19 Percent
Fullerton -- The Chapman-CMC Orange County Consumer Sentiment Index fell from a value of 96.3 to a value of 77.7 during the first quarter...
Cathay Bank Launches Smart Relief Loan Program
Focused Initially on Los Angeles County Small Businesses Affected by the Pandemic
LOS ANGELES- Cathay Bank today announced that it has launched a Smart Relief Loan...
The Worldwide Impact of the Coronavirus Pandemic
By Fangfei Dong & Brian Peck
Coronavirus
As the coronavirus pandemic scourges through countries around the world, governments are imposing lockdowns on their citizens and shutting...
Global Stocks and Oil Prices Drop as Investors Brace for Another Week of Uncertainty
By Justin Pei
Los Angeles -- Global stock markets dropped again on Monday as the coronavirus pandemic continues to worsen and following U.S. president Donald Trump’s...
Dow Jones Slides 900 Points But Still Finishes Higher For The Week
Los Angeles -- U.S. equity markets fell on Friday during the final hours of trading after a massive three-day rally during which the Dow Jones exited...
U.S. Stock Market surges despite historic jobless claims
By Justin Pei
Los Angeles - Stocks surged on Thursday after the much awaited coronavirus relief package cleared the U.S. Senate, signaling that optimism around the...
California Awards $100 Million to Cities, Counties and Continuums of Care to Help People...
SACRAMENTO - California has awarded $100 million in emergency grant funding to California counties, Continuums of Care, and the state's 13 largest cities to...
U.S. Stocks Rise Following Super Tuesday
By Justin Pei
Rochester- The U.S. stock market jumped on Wednesday following a strong Super Tuesday showing from former vice president Joe Biden, who investors see...
